Job wrap: Heavyweights bow out, banks expand

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Derek Walker, chairman of Morgan Stanley Europe, and Sir John Bond, chairman of HSBC, announced their retirements last week.

Walker, who will stay on as a senior advisor, was replaced by Jonathan Chenevix-Trench, chairman of Morgan Stanley's institutional securities business and of the European management committee.

Sir John Bond announced he will retire as HSBC chairman at the annual general meeting in May after 45 years with the bank. He will be replaced by chief executive Stephen Green. Michael Geoghegan, currently chief executive of the UK business, will become chief executive of the whole group.

In another top move, Zurich Financial Services, the financial services group, promoted Markus Hongler to chief executive of its Swiss business following the retirement of Hans-Jürg Bernet. Hongler was the European chief executive of Zurich's corporate business, which he set up in 2001.

Expansion: Growth at Bank of Ireland, Macquarie and Ixis

Bank of Ireland unveiled a raft of new hires at its global markets division in preparation for expansion in the UK and US

Deirdre Flannery, a veteran in the domestic and international corporate banking team at Bank of Ireland was appointed head of global customer business to spearhead international expansion. In London, the global markets division opened a new treasury operation and hired Peter Goshawk, formerly group treasurer at Barclays Bank, to be the new head of global markets UK and lead the expansion. Tom Turney and Phil Smith also joined, from HSBC's trade finance business, to establish Bank of Ireland in the UK's trade finance market.

It emerged that Macquarie, the Australian bank considering a bid for the London Stock Exchange, has hired nearly 150 bankers in London this year as part of an aggressive European expansion plan. Staffing at Macquarie's offices in London is up 20% on the start of the year, at almost 400. It isn't clear whether the bank has plans to add a similar number of staff in 2006, but observers note that the bank has plenty of room for them in its UK base at London's Citypoint building.

Similarly, Ixis Corporate & Investment Bank has hired 60 staff in London since it was formed a year ago and is planning to hire a further 50 staff next year. The French firm has increased its London team to 140.

On a less expansionary note, HSBC said its two-and-a-half year spate of corporate, investment banking and markets hiring is now complete.

Investment banking: Manfredi follows Braggiotti

Gerardo Braggiotti hired Matteo Manfredi as head of corporate finance at his new pan-European boutique advisory. Manfredi is a former Lazard managing director and star Italian dealmaker.

Investment banking partnership Compass Advisors hired Philip Keevil, a veteran corporate financier, as senior partner in its London office. Keevil was previously chairman of Citigroup's European equity and fixed income commitment committees.

Close Brothers Corporate Finance has hired Alain Le Berre as a director in its European Special Situations Group. Le Berre joins Close Brothers from the Ernst & Young Transaction Advisory Services team in Paris, where he was a partner. He will be based both in London and Paris.

Asset management, investment consultants: Halvarsson joins AP-Fonden 2

AP-Fonden 2, the second Swedish national pension fund, hired Eva Halvarsson as its new chief executive, replacing Lars Idermark who left in July. Halvarsson was previously head of state enterprises at the Swedish ministry of industry, employment and communications.

Robeco Asset Management, the asset management arm of Dutch bank Rabobank, became the latest fund manager to add a consultant relations specialist. The company hired Fernand Schürmann, former head of consultant relations at Lombard Odier Darier Hentsch, the Swiss private bank.

Lombard Olivier, an investment consultant at Watson Wyatt in Frankfurt, is quitting to join an unnamed UK fund of funds manager.

Aegon Asset Management UK hired Michael Nielsen from Danske Bank in Denmark as a structured products analyst covering derivatives and asset liability modelling.

Pensioenfonds Vervoer, the Netherlands' €5bn ($5.9bn) transport pension fund, hired Patrick Groenendijk, head of strategic relations for Barclays Global Investors in Benelux.

Pearl Group, the closed life assurance fund group, hired Jan Straatman, equity and fixed income chief investment officer of ABP, Europe's largest pension fund.

Fixed income: Commerz hires in sales and relationship management

Commerzbank hired two new fixed income sales heads and a new relationship manager for UK corporate clients. Jan Stahmer joined from BNP Paribas as head of fixed income sales in Germany. Toufic Yafoui joined from WestLB as head of fixed income sales for the Middle East. Richard Woodhouse joined from National Australia Bank as head of relationship management for UK corporate clients.

Private equity and financial sponsors: Bacon to leave CSFB

Peter Bacon, the European head of financial sponsor coverage at Credit Suisse First Boston, is leaving the bank next month to launch the European arm of GSO, a $2.5bn (€2.1bn) credit opportunity fund.

Calyon, the investment banking arm of France's Crédit Agricole, hired Rob Bonfield from Scotia Capital as head of European financial sponsors coverage in its leverage and financial sponsors group.

Pond Ventures, the London-based technology venture capital company, hired two new partners ahead of launching its third fund. Kent Godfrey, an experienced Silicon Valley technology company director and executive, joined as a full partner. Jamie Urquhart, former chief operating officer at ARM Holdings, the chip manufacturer, joined as a venture partner.

NBGI Private Equity, which specialises in small to medium-sized UK investments, hired Richard Babington from Elementis, a specialist chemicals company, as a manager.

Energy trading: Lehman hires Wareborn

Sparkspread, the online energy news service, reported that Henrik Wareborn, co-head of energy derivatives trading and marketing at Hess Energy Trading in London, resigned and is set to join Lehman Brothers in London shortly.

Legal and regulatory: Knight quits Shearman for rival

Adrian Knight, a senior corporate partner at the London office of Shearman & Sterling, the US law firm, resigned. He is joining Skadden, Arps, Slate, Meagher & Flom, another US legal firm, in January.

Latham & Watkins, a US law firm, hired private-equity specialist Jörg Kirchner, tax partner Stephan Süss and employment partner Claudia Heins from the Munich office of its rival Ashurst. All will based at Latham & Watkins' German operation.

The Financial Reporting Council, the UK regulator on financial reporting and governance, appointed Sir Christopher Hogg, formerly chairman of GlaxoSmithKline and Reuters, as chairman.

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