US jobs roundup
Signs of recovery in the US banking job market have been accompanied by hirings and promotions across many sectors so far in 2004.
They include the arrival of Steve Galbraith, formerly Morgan Stanley's high-profile chief US equity strategist, at the hedge fund Maverick Capital.
Barclays Capital appointed Paul Morris as an associate director in its US Industrials group investment banking division, Americas. He was previously a vice president at Merrill Lynch in the global telecommunications group.
Lehman Brothers announced four promotions to its executive management committee. They include Theodore Janulis, head of global wealth and asset management and Hugh McGee, global head of investment banking.
Lehman also hired two managing directors in private client services. Alison Deans, who will be responsible for research, joins from Bank One, where she was chief financial officer of commercial banking. The other hire is Chase W. Landreth, previously a managing director in private client services at JP Morgan Chase.
Robert Steel, a vice chairman at Goldman Sachs and head of its equities division, has left to take up a teaching position at Harvard University as a senior fellow with the Kennedy school of government.
Société Générale has appointed Paolo Taddonio as head of debt finance for the Americas. Taddonio joined the bank in 1988 and was most recently a co-head of the global foreign exchange and treasury product line in London. He replaces Pierre Schroeder, who the bank said had recently left to pursue other interests.
UBS hired Neal H. Pilson as a senior advisor to its sports finance group, which was created last year. Pilson, former president of CBS Sports, established a sports television consulting company, Pilson Communications, in 1995.
Fidelity announced the appointment of six portfolio managers early in 2004. They include Ciaran O'Neill, who will run the Fidelity structured large cap value fund and Joshua Spencer, who will run the select consumer industries portfolio.
First State Investments, a fund manager owned by the Commonwealth Bank of Australia, confirmed that Susan O'Brien, head of North American equities and Julian Bishop, North American equities manager, no longer work at the firm. Following a strategic review last year, O'Brien's equities team was merged into global equities.
Lisa Rapuno has left the mutual fund Legg Mason, where she was a senior portfolio manager, to become a senior partner and co-chief investment officer at Matador Management Capital, a hedge fund.
Keith McCann has joined ANZ Investment Bank as head of fund management sales for North America in its foreign exchange sales team. He was previously a vice president in the global treasury group at Royal Bank of Canada.
Bear Stearns announced the promotion of Jeffrey Farber to Controller. He joined as Assistant Controller in 2000 after working as an audit partner at Deloitte & Touche for fourteen years. Farber replaced Marshall Levinson who was named senior vice president, Finance.
Bear Stearns said Sal DiMaggio, John Stacconi, and Robert Upton had been made assistant treasurers. DiMaggio will continue to oversee the bank relations while Stacconi will look after global funding and Upton will coordinate the bank's relationships with credit rating agencies as well as manage funding and liquidity risk.
