The usually sleepy month of August may be fast approaching, but recruiters show little sign of taking their annual siesta. There were several multiple hires announced last week, as well as the usual defections to hedge funds and smattering of fund manager hires.
Merrill Lynch was the most active of the multiple hirers. The US bank hired six people to work in loan capital markets. James Fenner joins from Deutsche Bank as head of EMEA leveraged loan capital markets. Jason Bruhl joins from Deutsche Bank as a director in origination, as do Kim Kohler from CIBC and Peter Lockhead from Barclays Capital. Additionally, Carlos Fontana joins from Barclays Capital and Fabrice Damien joins from RBS as vice presidents in the origination team.
Bank of America also continued its hiring spree with the addition of a handful of new recruits. It hired four staff for European high-grade debt origination. Peter Baillargeon joins from Deutsche Bank as vice president on the financial institutions origination desk. Caspar Bentinck joins from Lehman Brothers as a vice president on the international syndicate desk. Andrew Brown joins from Credit Suisse First Boston as a vice president on the financial institutions desk. And Matteo Tinelli joins from Citigroup as a vice president on the high-grade origination desk.
JP Morgan went some way to rebuilding its derivatives capability following Merrill's successful raid on 23 of its derivatives staff last month. It hired four for European equity derivatives marketing, including two from Deutsche Bank. Marc Badrichani joined from the German bank as managing director and co-head of derivatives marketing for Europe; Nick Woolnough also joined from Deutsche to develop strategic solutions across the region. JP Morgan also hired Laurent Depraz from Dresdner Kleinwort Wasserstein as head of the bank's derivatives marketing for France, Belgium and Luxembourg. Toby Smith joined from Citigroup as head of the non-public derivatives business for northern Europe.
Société Générale and GE Commercial Finance also indulged in singular hires. SocGen appointed Bruno Chekroun as head of corporate broking within its equity sales and trading business. Chekroun joined from BNP Paribas in May.
GE Commercial Finance hired Michael Barfuss, co-head of German operations at Bank of Scotland, to open its Frankfurt leveraged finance office.
Hedge funds and prime brokerage: Citigroup hires Roe
Citigroup hired Nick Roe from Deutsche Bank as head of its European prime brokerage operations. Deutsche Bank promptly promoted Jon Hitchon, global chief operating officer of its equities proprietary trading desk, to replace him.
Alastair Altham, an executive director at Morgan Stanley Investment Management, left to join Lionheart, a London-based hedge fund with $400 million under management.
Fulcrum Asset Management, a private wealth management and hedge fund business, hired Christian Siva-Jothy, former global head of foreign exchange and proprietary trading at Goldman Sachs.
Fund management: Schroders loses Ahmadullah and de Mol Van Otterloo
Equities managers Zafar Ahmadullah and Adriaan de Mol Van Otterloo are leaving Schroders. Each plans to set up his own boutique. Schroder said it has hired Leon Howard Spink from Jupiter and Gary Clarke from Gartmore as replacements
PIMCO Europe, the specialist fixed-income manager, hired two vice presidents and account managers for its London-based European client services team. Constance Rotival joined from Morgan Stanley and Henk-Jan van Zoelen joined from Watson Wyatt.
Newton Investment Management rehired James Harries, an equity manager who left a year ago to join Veritas, a boutique led by Newton's founders.
William Russell, head of retail marketing at F&C Asset Management, is leaving to join M&G.
Investment banking: Nomura hires for Germany
Nomura hired Dr Wolfgang Danner from HVB (Bayerische Hypo- und Vereinsbank) as head of corporate finance, Germany. The Japanese bank recently created a new German capital markets team and Christian Thun-Hohenstein, former European co-head of investment banking at Deutsche Bank, was appointed co-head of investment banking for Nomura in Europe.
Investec hired Michael Lacy-Solymar, head of mid caps at UBS, as head of its own mid-caps advisory business.
IT: Instinet hires Bundy
Instinet Group, the institutional broker, hired Michael Bundy from ETrade Financial to replace Andrew Banhidi, its chief technology officer, who is leaving.
Commodities: Buchanan to BNP Paribas
BNP Paribas hired in commodity derivatives. William Buchanan joins from Standard Bank as a senior oil trader in London.