BNP Paribas and Deutsche Bank were among the institutions hiring in the U.S last week. BNP Paribas boosted its U.S. credit team; Deutsche Bank boosted its U.S. structuring team.
BNP Paribas appointed James Jospe as a director in its U.S. credit sales team. Jospe joined from Deutsche Bank, where he was a member of the integrated credit sales group. The French bank also announced the appointment of Rosemary Sisson as head of credit research in the U.S. Sisson joins from UBS where she was executive director and chief administrative officer for global credit research.
Deutsche Bank announced the addition of three directors to its New York-based North American structuring team. They are Joe Aglione and David Downie from Merrill Lynch, and Laurent Rimmen from Société Générale. Aglione will be responsible for structured product distribution to retail clients and retail intermediaries. Downie will be responsible for private equity-focused transactions. Rimmen will structure hedge fund-related transactions.
In a separate move, hedge funds continued to demonstrate their allure over members of the institutional asset management industry. Jim Robinson, chief executive of Munder Capital, a U.S. fund management firm with $34bn under management, left to set up his own hedge fund. Dennis Mooradian was named as his replacement. Mooradian was executive vice president of the wealth and institutional management division of Comerica, a bank with which Munder has an alliance.
Piper Jaffray and Deutsche Asset Management (DeAM) announced promotions. Piper Jaffray said it promoted Scott LaRue, a managing director in its consumer investment banking group, to head of consumer mergers and acquisitions (M&A). DeAM said it promoted Vincent Fea, a director and credit analyst in the credit research group, to head of its investment grade credit research team in New York.
ThinkEquity Partners, a San Francisco-based investment bank, announced two new appointments. Ben Davey, a vice president and business manager at JP Morgan Chase, joined as a principal and head of equity syndicate. Rich Gimigliano, director of equity trading and co-head of equity capital markets at First Albany Capital, joined as director of equity trading and co-head of equity capital markets.
Freddie Mac, the UD mortgage lending giant, announced the appointment of Eugene M. McQuade as president and chief operating officer, effective September 1, 2004. McQuade was most recently president of Bank of America Corporation.