Jobs roundup: Hedge funds in hiring mode
Hedge funds, private equity firms and corporate finance divisions helped keep recruiters busy last week. Despite a difficult week for investors in Russia, there were also positive signs for emerging markets jobs.
ING Financial Markets appointed Angela Bruce, a hedge fund sales trader from Morgan Stanley, to its six-strong hedge fund group.
Meanwhile CSFB's hedge fund team suffered a blow with the loss of Art Mbanefo, the head of prime brokerage, to Paloma Partners, a Connecticut based hedge-fund.
Lehman Brothers hired six staff to its European derivatives flow sales and trading teams. The team, which Lehman started to build last year, now has nine sales people. Six are focused on selling equity derivative products to hedge fund clients.
Lehman is not alone in building its equity derivatives flow team. SG hired four flow specialists in early October, and is expected to hire another four staff in the months to come.
In the private equity arena, Permira, a buyout firm, poached Carlos Mallo from rival 3i, to open its new office in Spain next March. Permira also covers the UK, Germany, Italy and France and opened an office in Sweden sic months ago.
GB Palladin, a US private equity firm, maintained an industry trend towards hiring operational experience by recruiting Alan Taylor, a former chief executive of the GUS Home Shopping division, as managing director.
Taylor, who will identify European retail investment opportunities, said he was looking to hire a team with mixed operational and financial experience.
In investment banking, Lazard continued to build its German presence with the appointment of Sven Peter, former co-head of equity capital markets at Dresdner Kleinwort Wasserstein. Peter will join as a senior advisor in November.
At HSBC John Studzinski added to the investment banking team, with Robin Osmond, a former colleague from Morgan Stanley, joining as chief operating officer of the global corporate finance and advisory division.
Finally, in a week when the arrest of Mikhail Khordorkovsky cast doubts over the wisdom of investing in Russia, there was some good news for emerging markets. First State, the fund manager owned by Commonwealth Bank of Australia, launched four new emerging markets funds.
Meanwhile Lehman Brothers hired Rafaël Biosse Duplan from Citigroup to head its emerging markets division. Duplan is to focus on developing the bank's emerging markets business in Europe, Russia notwithstanding.
