U.S. Jobs' Roundup: Wall Street snoozes at summer's end
With all eyes on the Republican Convention last week, few investment banks chose to make hiring announcements, but JP Morgan did run away with some of Deutsche Bank's debt specialists.
There was, however, one high profile appointment: John Mack, the ousted former chief executive of Credit Suisse First Boston, is joining private equity group Kohlberg Kravis Roberts in a non-executive position in its real estate arm. KKR was one of CSFB's most important clients.
News leaked out that JP Morgan has poached five members of Deutsche Bank's team that specialises in collateralised debt obligations (CDOs). The five are Brian Zeitlin, James Kane, Steve Weinreich, Yale Baron and James Millard.
Investment management had a busier week for recruitment. Columbia Management, the investment management arm of Bank of America, named Christopher Wilson as head of mutual funds. He will be based in Boston. Wilson was most recently chief executive of CDC IXIS Asset Management Services, a company he launched in 1998.
SchwabFunds, the proprietary mutual fund family of Charles Schwab, hired Vivienne Hsu as vice president and senior portfolio manager. She joins from American Century Investment in Mountain View, California.
Northern Trust Global Investments has also hired two new portfolio managers: Robin Kollannur and Donna Renaud will be managers on the large-cap value equity team in West Palm Beach, Florida. Kollanur joints from Medius Capital Group in San Diego, California, while Renaud had a shorter hop from Palm Beach-based Renaud Asset Management.
On the corporate finance side, Gabelli Asset Management promoted Michael Anastasio from chief accounting officer to chief financial officer.
Investment advisory firm Third Avenue Management announced that Vincent Dugan will be its new chief financial officer and chief operating officer. Dugan was previously a partner in Ernst & Young's financial services office.