Simon Robertson, president of European operations at Goldman Sachs, became the latest senior investment banker to strike out alone last week. Robertson revealed he was leaving to start his own boutique advisory firm, the imaginatively named 'Simon Robertson Associates.'
Bear Stearns International also suffered several investment banking departures, although it appears to have been a case of pushing rather than jumping. Richard Madden, a managing director in the media team, and Denis Fabre, a healthcare banker, left the bank. It is understood that Chris Ellis, a telecoms managing director, will also leave in September. A source close to the bank indicated the team had been dismantled due to a lack of dealflow.
Fixed income: BNP Paribas adds eight
BNP Paribas indulged in a spot of unfettered fixed income hiring. The French bank added eight bankers to its European corporate group, which focuses on fixed income origination, sales and marketing. Heidi Crebo-Rediker joins from Bear Stearns as managing director in the London debt team. Jacques Delpla joins from Barclays Capital, as an advisor to European governments on debt products. Gabriele Vianello joins from Bank of America as head of corporate marketing for Italy. Three joined the ratings advisory group: Andrew Canwell and Francesco Sebastiani join from Moody's Investor Services; Thomas Cuvelier joins as an analyst from the BNP Paribas office in Singapore. Finally, two were hired for Northern Europe derivatives marketing: Volker Anhaüser joins from UBS to cover German and Austrian clients in London; Herbe Van der Merbel joins from ABN Amro to market derivatives to Dutch clients. Further hires are planned.
Separately, Bertrand des Pallieres, who left as global co-head of structured credit at JP Morgan in March, was rumoured on the verge of re-appearing at Deutsche Bank. Deutsche Bank declined to comment.
FX and commodities: JP Morgan adds VPs
JP Morgan hired five vice presidents to its foreign exchange and commodities division as part of a build up in its sales and trading platform across Europe. Tim Joyce joins from Dresdner Kleinwort Wasserstein to trade foreign exchange derivatives in emerging market currencies. Hien Huynh joins from Citigroup, also to trade foreign exchange derivatives in emerging market currencies. Karim Mir joins from Merrill Lynch as a currency trader. Antoine Ortiz joins from Hartford Investment Management in the US as senior proprietary trader. Eric Sananes joins from Banque D'Orsay in Paris, with responsibility for energy sales to hedge funds.
Deutsche Bank announced two hires for its client strategy and solutions group. Ray Franzi joined in June from Dresdner Kleinwort Wasserstein. Chris Collings joined in July from Rabobank. Both will advise clients on currency needs and currency risk management issues.
Equities and Equity derivatives: Bar Cap adds Spanish VP
Barclays Capital hired three vice presidents to its equity derivatives division, one in Spain, one in New York and one in Japan. The Spanish hire was Javier Martin, from Societe Generale.
Lehman Brothers sent David Douglas, head of ECM in France, to be head of ECM in Asia.
ING hired Matthew Starbuck from DrKW as a senior trader selling contracts for difference to hedge funds and other investors.
Fund management: WMG hires for global macro fund
WMG, the firm founded by Mehmet Dalman, former head of Commerzbank Global Equities, hired three people to work on a global macro hedge fund. Paresh Patel joined from Tudor Investment Corporation; Robert Gay joined from Commerzbank Securities; Bechara Madi joined from North Asset Management.
Investec Asset Management hired Mark Wynne-Jones from UBS Wealth Management as a member of its UK Contrarian team.
London-based fund manager Blue Bay Asset Management, hired two senior client relationship managers. Angela Dunn joins from Pictet Asset Management; Samantha Brown joins from Goldman Sachs Asset Management.
Graeme Neuff left Deutsche Asset Management. He becomes the latest in a long line of departures since the fund manager was sold to Aberdeen Asset Management last month. Neuff will join First State Investments, the fund management arm of Commonwealth Bank of Australia.
Ben Fox, a researcher at Fidelity Asset Management, left to join the multi-manager business of WestAM.
Daniel McKernan, head of credit at Aegon Asset Management, left to join Merrill Lynch Investment Managers, where he will work on credit portfolio management.
Aon Asset Management hired Tony Child from Bank of New York to develop its continental Europe managers of managers business.