European Jobs' Roundup: Dresdner Kleinwort Wasserstein consolidates in London

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Hiring remained sparse at investment banks last week, but Dresdner Kleinwort Wasserstein announced 2,500 job moves of a more literal kind - into a new headquarters.

Investment banks

As bonuses draw ever nearer, investment banks' hiring is becoming increasingly thin on the ground. Last week's main event was Goldman Sachs' recapture of Dorothee Blessing from Deutsche Bank. Blessing spent 12 years as a managing director at Goldman and helped build its German equity capital markets business, before leaving nine months ago to run Deutsche's new product group in Frankfurt. She rejoins the US bank as a partner in the German corporate finance division.

BNP Paribas boosted its corporate trust team with Alex Pashley from JP Morgan and Ian Hames from HSBC. The two will provide advice to investment banks active in areas such as asset-backed and mortgage-backed securities.

Dresdner Kleinwort Wasserstein, which saw its profits tumble 33% in the nine months to September, did little in the way of new hiring last week. However, in a more literal variety of job move, the bank revealed plans to shift all 2,500 of its UK staff to a new headquarters at 30 Gresham Street in London. London staff at DrKW currently work from five different locations. Amalgamation is likely to cut costs.

Fund managers

With the end of the year approaching, even fund managers' irrepressible hiring ardour was dampened. Schroders poached Hans Goossens, head of Fidelity's Dutch business to run its Belgium, Netherlands and Luxembourg operations. Prudential M&G hired John Foy as head of leveraged finance. Foy was one of the founders of Heller Financial, the debt house now owned by GE Capital.

Sir Derek Higgs is understood to be in talks with Nicola Horlick about joining Bramdean, her new fund management company. Higgs is author of the eponymous 'Higgs Report', the UK-government sponsored tome on corproate governance. If talks are successful Higgs is likely to join Bramdean as non-executive director.

There was another round of departures. Glyn Jones, chief executive of Gartmore departed after a shakeup. Jones had occupied the position for four years. His role will be assumed by Gartmore's global management committee, headed by Paul Hondros, group chief executive.

Kerry Goh, head of Japanese equities, left F&C asset management. Goh is the third senior manager to leave in the month since F&C merged with Isis Asset Management. The others were Mike Felton, head of UK specialist equities at Isis, James Foster, head of credit at Isis. Robert Talbut, chief investment officer at Isis left prior to the merger. The spate of exits has fuelled concerns that other senior managers are also planning to leave.

Legal transformations

Finally, Tim Herrington, a financial services partner at Clifford Chance, the law firm, metamorphosised into the new chairman of the regulatory decisions committee at the Financial Services Authority (FSA). Herrington's appointment follows the resignation of his predecessor Christopher Fitzgerald in June.

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