Job Wrap: Patchy hiring as days get darker

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Clocks went back in London last week, signalling the end of the year (and the imminent onset of bonus payouts). Coincidentally, hiring announcements became decidedly intermittent, with even the reliably robust asset management sector showing signs of hibernation.

Fixed income: UBS hires head of high yield

UBS hired Lok Lee, co-founder of Accela International, a San Francisco-based investment management company, as head of its European high yield and mezzanine capital markets team.

Glen Davies, co-head of the syndicate desk at West LB, moved to Brightwater Capital Management, the securitisation division of West LB. Davies is the third senior banker to leave West LB's syndicate desk in the last seven months.

Asset management and hedge funds: FRM hires CEO for London

Financial Risk Management, a fund of hedge funds with over $12bn under management, hired Paul Dunning from HSBC Republic Investments as chief executive officer of its London business.

Private equity: Arnold converts to Corsair

Luqman Arnold, formerly chief executive of Abbey, the UK bank owned by Spain's Grupo Santander, joined private equity firm Corsair Capital as partner and a member of the management team. Arnold will head Corsair's new London office.

3i, the London-listed private equity group, reshuffled its Italian team and appointed Marco Fumagalli, who worked for the group since 1996, as managing director. Sergio Sambonet, the previous managing director, became chairman of the group in Italy.

Hotbed, a private equity firm funded by individual investors, hired Christopher Holdsworth Hunt, co-founder and former chief executive of Peel Hunt, the UK mid-cap corporate broker bought by Belgian bank KBC in 2000.

Investment banking and boutiques: Climate Change hires three

Climate Change Capital, a UK merchant bank which provides financial services to companies affected by environmental policy, has created three new senior roles. The group hired Mark Bell from Deutsche Bank as chief operating officer. David Tepper, a former director at Merrill Lynch joins as head of markets. And Mina Gull, who previously worked at the World Bank negotiating emissions agreements, joins as a director of markets

Ingenious, a media-focused investment, asset management, private equity and advisory group, recruited Sue Ford from the UK's Channel 4 as finance director.

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