Calyon, the French investment bank, put paid to notions that the French spend all of August prostrate somewhere on the Côte D'Azur last week. It was the week's most vigorous hirer, adding four staff members and promoting one more.
New recruits included Steve Nutland from Bank of America, who joined as global head of foreign exchange trading. Nutland, who will be based in London, was head of London spot trading, emerging market, and proprietary trading at BofA. Jean-Dominique Comolli, chairman of tobacco group Altadis, and Frank Dangeard, chairman of electronics group, Thomson, joined Calyon's main board. And Calyon Finanical, the brokerage arm of Calyon, hired Nick Garrow as head of ebrokerage sales for London. Garrow joins from Patsystems, a company providing derivatives trading technology.
Calyon also promoted Ivonne Arnold, who joined from Dresdner Kleinwort Wasserstein in April, to run its German capital markets business,
Investment banking: FIG moves
In a sign of the strength of the financial institutions group (FIG) sector, Deutsche Bank appointed a senior FIG banker. The German bank raided Merrill Lynch for Wolfgang Hammes, who joined as head of its financial institutions group for Germany, Austria and Switzerland. Hammes occupied a similar role at Merrill.
Separately, JP Morgan appointed Larry Slaughter, previous co-head of European M&A at the bank, as head of its financial sponsor group in Europe.
Equities: Bear Stearns hires from UBS
Bear Stearns International hired Rachna Upadhya from UBS as an equity researcher covering major European pharmaceutical stocks.
Fund management: Currie hires Mariani
Martin Currie, the Scottish investment group, hired Jamie Mariani from the boutique investment bank Bryan, Garnier & Co, as telecoms sector manager. Mariani was head of telecoms in his previous post.
State Street Global Advisors hired Krisztina Kaplony from Central Bank of Hungary as investment manager for its global fixed income team. She will be based in London.
Cominvest, the fund management unit of Germany's Commerzbank, hired Bastian Schmidt from SEB as head of consultant relationships for Germany, Austria and Switzerland. Schmidt was head of institutional sales at SEB.
Optima, a New York-based hedge fund, hired Graham Martin from Gartmore as managing director of its new London office.