Jobs roundup: multi managers and fixed income departments buck heat and holidays, and keep hiring.
A weekly snapshot of movements in the job market:
It may be the height of the holiday season, but there is still activity in the financial services job market. Multi-managers and fixed income desks, were among the areas defying the heat and hiring staff last week.
Poaching was prevalent in the multi-manager sector. Gartmore seized a team of five multi-managers from Insight Investment, the asset management arm of the UK bank HBOS. Gartmore's coup was the result of 12 months of persuasion. Insight is expected to plug the gap with hires of its own.
Also in the multi manager sector, SEI Investments, a multi manager specialist, hired Deborah Kerr, previously of Lombard Odier Darier Hentsch, to develop products and solutions for the UK institutional market. SEI's UK equity fund beat the FTSE All-Share index by a mere 1.15% during the two years to the end of March 2003.
In fixed income, HSBC hired Robert Matelwich from Barclays Capital as head of sovereign bond trading in London and New York. Matelwich is HSBC's third addition to its sovereign, supranational, agency and government bond team since Februrary.
Meanwhile, Barclays Capital added Andy Isaacs from Deutsche Bank to its institutional debt sales team in New York.
Outside fixed income, summer holidays and power cuts didn't put an end to the sparks at Merrill Lynch. Casey Safreno, global co-head of healthcare and a Merrill veteran of 15 years, followed Thomas Patrick, former vice chairman, and Arshad Zakaria. former head of global markets and investment banking, and left the firm.
Meanwhile, Robert McCann, who resigned from Merrill in February as former global head of research and economics, re-emerged as vice chairman of the wealth management group.
Senior staff moves were also made at other banks. Goldman Sachs poached David Sanders, a top rated market maker in financial stocks, from Deutsche Bank. ABN Amro promoted a former MD and Dutch army lieutenant, Huibert Boumeester, to become head of its London business.
