The market for European high yield jobs showed it still had life left in it last week, with CSFB and HSBC both hiring.
CSFB hired Glenn Clark from AIB Capital markets to spearhead the launch of a new leveraged investments group in Europe. The group will manage leveraged loans, mezzanine debt and high yield bonds.
HSBC hired Julien Gurcel, a senior banker from Barclays Capital, to run a new high yield team. Gurcel will join the bank after a period of gardening leave, and will oversee strategic expansion across high yield research, sales and trading. HSBC also hired Chris Zilla from Morgan Stanley as a high yield trader.
High yield hiring in Europe was matched in the US-Deutsche Bank made four senior hires to its US high yield group last week.
Investment banking: ABN reorganizes-again
ABN Amro reorganized its wholesale and investment banking arm for the second time in two years and lost two senior bankers in the process. Sources at the bank said Nigel Turner, a vice chairman and senior M&A banker, and Steve Gregg, global head of corporate finance, were both leaving. Board members Zevatti and Robert Van Paridon were also understood to be departing.
At the same time, four new people were promoted to ABN's board. Niall Cameron, previously head of fixed income at the bank, became head of global markets. Gerry Page became head of commercial banking and Jan Sijbrand became head of structured derivatives. John Nelson became head of North America.
ING Wholesale Banking, ABN's large Dutch rival, also indulged in a spot of internal reorganization. The bank appointed John Howland-Jackson as head of its wholesale banking activities in the UK and Ireland. Howland-Jackson was previously head of ING's wholesale banking business in Asia.
Meanwhile, SG Corporate and Investment banking appointed Jörg Freimund as head of its investment banking practice in Germany. He replaces Christophe Bettoni, who has left. Freimund was previously an M&A technology banker in Paris with SG.
Equities: DrKW hires in Frankfurt
Dresdner Kleinwort Wasserstein (DrKW) hired Steffen Hohmeister from Citigroup and Michael Brauburger from Merrill Lynch to its Frankfurt equity sales trading team. Hohmeister becomes head of sales trading for Germany. Brauburger becomes a director and senior sales trader.
Deutsche Bank promoted two capital markets bankers to spearhead expansion in Europe's emerging markets and the Middle East. Reinoot Koopmans and Christopher Laing will be jointly responsible for equity capital markets in the region. Both will be based in London.
Deutsche Bank appointed Kerhim Derhalli head of its emerging markets equities business. Derhalli was previously global head of commodities at the bank. In 2003 he won a settlement thought to be worth millions of pounds from Lehman Brothers for unpaid bonuses related to the collapse of the Russian rouble in 1998.
Fund management and private banking: Schroders raids JP Morgan
Schroders Private Bank hired three people from JP Morgan Private Bank to its UK private banking team. They were: Stephen Campbell, Christopher Smiley, both vice presidents at JP Morgan, and Melanie Gibbs, a client service manager at the bank.
ABN Amro Asset Management hired Simon Ewan from SEI Investments as global product specialist for multi-manager funds. Ewan was the former head of wealth markets at SEI.
BlueBay Asset Management hired Mattias Hojmark-Jensen from T. Rowe Price Group as sales manager for the Nordic and Benelux regions. At T. Rowe Price, Hojmark- Jensen was an assistant vice president managing institutional sales in the same region.
Henderson Global Investors hired Gareth Quantrill from Scottish Widows Investment Partnership as head of credit.
Close Finsbury Asset Management appointed Rufus Warner as its chief executive. Warner came from SG Asset Management, where he was deputy head of global marketing and head of European pensions' business development.
Derivatives: DrKW adopts combined approach
Dresdner Kleinwort Wasserstein combined its derivatives businesses into one global group covering all asset classes. It will be led by Matteo Mazzocchi, head of credit derivatives at the bank.