Bear Stearns announced it had hired five people for its European asset backed group last week. Société Générale Corporate and Investment Banking hired four credit analysts in London and Paris.
The new hires at Bear are Adam Toft, who joins from Moody's Investors Service as a managing director to develop the commercial mortgage department; Peter McAnally and Marie Fernandez from Halifax Bank of Scotland with responsibility for originating euro-denominated real estate loans; Michael Dirnegger, who joins from RZB bank with responsibility for originating real estate loans, collateralized debt obligations and residential mortgages in Germany; and Jesus Rio Cortes joining from Calyon as part of the residential mortgages team focusing on Spain and Portugal.
SocGen hired three credit analyst and one quantitative analyst for its offices in London and Paris. Richard Thomas joins as a senior credit analyst from ABN Amro to cover financial institutions. Roberto Pozzi joins as a senior credit analyst from Nomura, covering the industrial sector. Olivier Monnoyeur has been appointed as a credit analyst covering the consumer sector from L'Agefi, the French daily newspaper. David Benhamou joins as a quantitative analyst.
Capital markets: Deutsche restructures, Altium hires
Deutsche Bank has restructured its equity capital markets division and will be led by Roland Lienau, former head of cash equities, and Georg Hansel, former managing director of equity capital markets. Lienau will also take chair the newly formed German equity management committee. Steffen Fuchs, current head of equity sales, takes over as head of cash equities.
Altium Capital, the independent European investment bank, hired Richard Hickinbotham as chief executive of Altium Securities, its securities division. Hickinbotham joins from Investec, where he was co-head of investment banking and head of securities.
David Aubin, former head of European corporate equity derivative sales at SocGen, has taken a senior debt capital markets origination role at SG covering insurance companies.
Hedge funds: BlueMountain comes to London
BlueMountain Capital Management, manager of a relative-value corporate credit fund with approximately $2.5bn (1.3bn) in assets, revealed plans to open a London office later this spring. It hired Jeremy Barnum and Paul Griffith as portfolio manager and senior credit researcher respectively for the new office. They will be joined by Jeff Burch, currently a portfolio manager with BlueMountain in New York focused on the European markets. Barnum joins from JP Morgan, where he was co-head of North American credit trading. Griffith joins from Goldman Sachs where he was head of European credit research.
Tudor Investment, a hedge fund, hired two traders. Stephen Mason, a former electricity trader joins from Goldman Sachs. David Cherrett joins from Louis Dreyfus, the privately owned commodities trading company.
Fund management: Schroders and Bramdean hire, Haines steps down
Schroders hired two for its UK institutional team: Andrew Benton from RCM (UK), the investment and research subsidiary of Dresdner Asset Management Marketing, and Richard Graham from HSBC Asset Management. Benton joins as head of UK business development, and Graham joins as head of UK consultant relationships.
Nicola Horlick recruited Tariq Rahman as chief executive of the real estate division of Bramdean Asset Management. Rahman was formerly a director at the Prudential responsible for investing in the City of London and Scottish property markets.
Paul Haines is stepping down as a partner of Laine, Clark & Peacock, a UK-based investment consulting firm. He declined to comment on his career intentions.
Promotions, departures and other moves
It emerged that UBS is promoting more than 300 employees to managing director (MD). The bank said 309 people will become managing directors on March 1st, up from an average of about 200 in previous years. The promotions include Adam Welham, head of international syndicate at UBS, who becomes MD after just one year in the role.
Andrew Palmer, former global head of credit derivatives marketing at JP Morgan, has left the bank following the reorganization of the investment banking division.
Two senior analysts covering the banking sector resigned from JP Morgan and Goldman Sachs. Stephen Kirk, senior UK and Ireland banks analyst at JP Morgan, is moving to Lansdowne Partners, a hedge fund. Anik Sen, managing director and head of the European banking and insurance research team at Goldman Sachs resigned and was reputedly contemplating setting up a hedge fund
Wellington Partners, a Munich-based venture capital firm, hired Eric Archambeau as a general partner focused on internet services, enterprise software and semiconductor opportunities. Archambeau co-founded a company in Silicon Valley in 1982, worked for Atlas Venture in California, and started Benchmark Capital's European business as a founding partner in London.
The Ministry of Defence (MOD) hired Nick Prior, a former banker with Sumitomo in London. Prior used to run the private finance initiative (PFI) unit at Sumitomo before joining Partnerships UK, an organization supporting public-private finance initiatives. At the MOD he will review the suitability of 17 projects for PFI financing.