BNP Paribas continued its hiring spree with four new appointments and three senior internal moves to increase its presence in the U.S. interest rate market.
The new hires at BNP are Harpal Maini from GMAC Residential Funding Corporation, John Kinsella from ABN Anro, Michael Santoro from Brookstreet Securities and James Logush from Merrill Lynch. The relocated executives are Nick Moore and Matthew Thomas from London and Albert Elfassy from the Tokyo office. They will all work in the New York interest rate group, which is headed by Zbigniew Ryzak.
Banc of America Securities (BAS) has taken on two principals and senior equity researchers. Daniel L. Barcelo will cover the global integrated oils sector and Scott D. Craig will cover the electronic manufacturing services and supply chain sectors. Barcelo joins BAS from Lehman Brothers and Craig from Morgan Stanley. Both will be based in New York.
Piper Jaffray & Co. has taken on Bill Zinsmeister as a vice president and senior research analyst covering technology services. Zinsmeister is based out of the firm's Minneapolis office. He was previously at Deutsche Bank Securities in Baltimore.
Fox-Pitt, Kelton, the Swiss Re-owned investment bank that specialises in financial institutions worldwide, announced the appointment of David Trone as senior vice president and senior analyst heading coverage of the U.S. investment banks sector. Trone joins FPK from Prudential Equity Group.
Martin Gagen, the respected head of 3i's U.S. business, has left the private equity company after more than 20 years to take a Masters degree in philosophy and history at Stanford University in September. His decision to leave the industry comes barely three months after 3i hired Philip Yea as its new chief executive. Gagen will be replaced by Allan Ferguson.
The Aurora Funds, an early stage venture capital firm, has named Mike Gorman as its new chief financial officer. Gorman has 20 years of financial, operational and business experience, including acquisitions, auditing, taxes, financial reporting, financial analysis, information systems and general management at several technology companies.
Atlanta-based broker/dealer FIG Partners, LLC has hired J. Kevin McAuliffe as its senior vice president of business development. McAuliffe will be responsible for investment banking activities including mergers, capital offerings and strategic capital planning. Prior to joining FIG Partners, McAuliffe was with Capital Resources Group.
Marangal Domingo, President and Chief Executive Officer, has left Newport Beach, California-based Downey Financial Corporation to pursue other interests. Daniel D. Rosenthal has been appointed president and chief executive officer of Downey from September 1, 2004.
John M. Presley will join Milwaukee-based financial services corporation Marshall & Ilsley as senior vice president and chief financial officer. Presley is currently the chief financial officer of National Commerce Financial Corporation in Memphis, Tennessee.