Promotions and corporate finance were top of the agenda in Europe last week. Goldman Sachs announced the names of its new European partners. Deloitte hired seven managing directors for its corporate finance division.
Goldman revealed the names of its 99 new partners and 190 new managing directors. In Europe they include: James Garvey, head of frequent borrowers debt capital markets in London; Driss Ben-Brahim, a London based proprietary trader; Jean Raby and Shrahiar Tadkbakhsh in M&A in Paris, and Theodore Weimer, who runs the German business.
Deloitte, the accountancy and advisory firm, appointed two directors and five managers to its corporate finance division. Jonathan Grassi, a former managing director at HSBC and Gareth Taylor, former head of corporate development at National Express, both joined as directors. Richard Maynard, Elaine Ray, Chris Soberg and Adam Worraker joined as executives.
There were also the usual departures. It emerged that Nilesh Shroff, a senior portfolio trader, resigned from Goldman Sachs earlier this month. Shroff is understood to be joining HSBC.
Bertrand de Remy is to leave Hawkpoint, the advisory boutique. Remy has been with the firm for four years, and is manager of the Paris office. Two weeks ago, Louis D'Alencon, a member of the London-based financial intermediaries team, left to join Fox, Pitt Kelton.
Up to six senior staff said they were leaving Prebon Marshall Yamane following its takeover by Collins Stewart Tullett two weeks ago. They include: John Helm, chief technology officer; Patrick McGraft, Helm's number two; Nick Raddell, who was in charge of fixed income, equities and futures, Andy Berry, who ran the arbitrage desk, Geoff Sandersson, head of IT and Tim Dennis, global head of business development
Despite imminent bonus payouts, there was also some hiring. Commerzbank and ABN Amro hired for equity research. Commerzbank hired Richard Thomas of ABN Amro, who is expected to join in the next few months. ABN Amro poached John Carnegie, a construction analyst from Citigroup.
Cardinal Asset Management, a hedge fund part-owned by F&C Asset Management, hired Justin Haque from Commerzbank to launch a multi-strategy hedge fund.
Russell/Mellon, the performance measurement company, opened an Amsterdam office. It will be run by Dolf Hoeks, a former partner at Watson Wyatt.
ABN Amro Asset Management appointed Dermot Keegan to head its UK asset management operations. Keegan was former head of UK institutional sales at the company.
Edmond de Rothschild Capital Partners, the French middle market private equity firm, said it was planning to boost its team from five to eight in the coming months. It has recently closed a first fund at 210 million euros ($265m).
Santander Central Hispanico proposed Francisco Gomez Roldan as chief executive of Abbey National. Gomez- Roldan is currently CFO at Grupo Santander. Whether or not he moves into the new position will be subject to the UK Financial Services Authority (FSA) approving Santander's buyout of Abbey.