European jobs roundup: CSFB hires from DrKW
CSFB raided Dresdner Kleinwort Wasserstein (DrKW) and came away with 10 bankers for its equities, equity capital markets (ECM) and debt capital markets areas.
Senior hires included: Martin Korbmacher, who will take control of CSFB's business in Germany; Hans Achim-Schaecker, who joins as head of equity capital markets; Andreas Fieser, who joins as a director in ECM; Oliver Drews, as head of German leveraged finance; Rainer Dietz as a director in leveraged finance; and Matthias Werner and Mohammed Alaaoui, who join as managing directors in the equities division.
CSFB is believed to have approached 20-25 bankers with offers of large guaranteed bonuses worth a combined €100m. Sources close to the bank said the figure was closer to €30m. In May CSFB's Frankfurt office was raided by Barclays Capital, which hired four bond salesmen
National Australia Bank hired seven people for its London office including Muriel Minvielle and Neil Pickard from CSFB. Minvielle joins as head of credit sales in London, with responsibility for selling to clients in the UK and continental Europe; Pickard joins as head of risk management services. Karin Cassa joins from Bank of America, to focus on sales to continental European investors. NAB also recruited four senior dealers to its FX spot trading team.
In France, Crédit Agricole shuffled the executive and supervisory boards of its Crédit Lyonnais private equity business. Alain Papiasse, chairman of the supervisory board at Credit Lyonnais Private Equity, was replaced by Jean-Frédéric de Leusse, manager of Credit Agricole's international retail banking operation, and head of private equity.
Fabien Prévost was made chairman of Crédit Lyonnais' private equity board, replacing Stéphane Monmousseau.
Crédit Agricole also dropped the Credit Lyonnais name from its asset management operation and revealed 92 people had left the business since last year's merger. About 220 people are expected to leave by 2006 as part of savings announced at the time of the merger.
In London, UBS replaced Alan Hodson with Huw Jenkins as head of equities. Hodson is retiring. Jenkins currently heads US equities and will move to the City for the new role.
Morgan Stanley hired Michele Colocci from JPMorgan as a managing director in its European M&A division. Colocci worked at JPMorgan for 12 years, most recently as co-head of equity capital markets alongside Carlos Conde.
Two people who had left the markets resurfaced. Arbuthnot Securities, the investment banking subsidiary of Secure Trust, hired Mark Brown as its chief executive. Brown left ABN Amro, where he was head of equity research, three months ago. He will take over from Stephen Lockley as Secure Trust's third chief executive in two years.
JPMorgan rehired Tamara Adler, its former head of European corporate securitisation, to run a new principal investment management team in London. Adler left JP Morgan in May 2003 when it shut down the unit she was working in.
BNP Paribas hired Sam McGairl from HBOS for its London based syndications and trading group, focusing on secondary markets business. HSBC hired Paul Cooper, a senior trader at UBS, as global head of equity sector trading.
