Job Wrap: Bank of America continues build-out in global markets

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Bank of America hired three people for its London fixed income business and four for its foreign exchange (FX) business last week. All are joining the bank's global markets sales team, which has seen headcount grow by one third since the start of the year.

Michael Backwell joined Bank of America from Deutsche Bank as a principal in credit and structured sales for the UK and Ireland. Eusebio Morales joined from JP Morgan Chase as a principal in credit and rates structured sales for southern Europe and the Middle East. Christian Neske also joined from JP Morgan Chase as head of Northern European credit sales.

In FX, Bank of America hired two from Goldman Sachs and two from Merrill Lynch. Rodolphe Alexis joined from Goldman as a principal and head of European non-reciprocal global FX sales and joint head of corporate global FX sales. Mark Rossi also joined from Goldman, as a principal in global FX institutional sales. Claude Goulet joined as a principal in global FX sales from Merrill Lynch. Dennis Sedes joined as a principal in GFX risk management, also from Merrill.

Equities: Fox-Pitt hires two

Fox-Pitt, Kelton hired two for its European trading and sales trading teams. Adam Phillips joined as a managing director and head of European trading. Phillips previously worked at UBS where he was head of pan-European cash trading; he left the bank in 2003. Ken Wesson also came to Fox-Pitt from UBS; he joined the European sales trading team.

Credit Suisse First Boston hired Mark Hammarskjold from Citigroup as a director in the European equity-linked securities group.

Aria Biglarzadeh, a former head of equity derivative trading at SG Corporate and Investment Banking, re-emerged at Natexis Banques Populaires. Biglarzadeh, the third former SG banker to join Natexis in the past twelve months, left SG three years ago

Asset management: Russell wins Hunt

Russell Investment Group, a US-based multi-manager hired Michael Hunt, the joint head of London operations at Deutsche Asset Management, as director of operations. Hunt's is the latest in a long line of staff defections from DeAM, parts of which were sold last week to Aberdeen Asset Management for 265 million.

F&C Asset Management hired Linda Webb from JP Morgan Fleming as a director in its marketing division.

Watson Wyatt hired two for its investment strategy team. Sean Kurian joined after taking an MSc in mathematical finance at Oxford University, after spending four years with Mercer Investment Consulting. Simon Robinson joined from Towers Perrin where he was an associate responsible for pension scheme analysis.

Fidelity International hired Theo van der Meer from NIB Capital Asset Management as head of institutional business in the Benelux markets.

Lehman Brothers hired Thierry Sciard, former head of global capital markets at Calyon, as head of investment management in Europe.

It emerged that Achilles Macris, former global head of capital markets at Dresdner Kleinwort Wasserstein, has become a partner at Cardinal Asset Management, the London-based fund of hedge funds.

Gartmore admitted that Barry Marshall, the chief operating officer of its investment division, left two months ago after a fourteen-year career with the company.

Derek Doupe, a hedge fund marketer at Schroder Investment Management, left a year after joining. A spokesman said the company needed more emphasis on sales and products and less on the breadth of business development, and that Doupe agreed to depart.

Oliver Behrens, head of institutional investment at Deutsche Asset Management, left for the management board of DekaBank. Behrens is the latest in a long line of departures from DeAM, which is in the process of being sold.

Investment banking: HSBC builds in UK and US

HSBC hired four health care bankers as part of the continued build up of its investment bank, two based in London and two based in New York. London hires were Oliver Siegel, who joined from Merrill Lynch as head of the European healthcare team, and Hiddo Van Voorst tot Voorst, who joined from JPMorgan Chase.

Deutsche Bank hired Ben Story from Morgan Stanley as managing director and head of industrials in Europe.

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