Citigroup lost staff to Barclays Capital, Bear Stearns and Banc of America Securities last week and announced a top-level internal job swap.
Sallie Krawcheck, chairman and chief executive of Citigroup's research unit, has been appointed chief financial officer and head of strategy of the entire bank. The move will make her the highest ranking woman on Wall Street. She will swap roles with the current chief financial officer and head of strategy, Todd Thomson, who will take up Krawcheck's old role at Smith Barney, the research arm of the bank.
Barclays Capital hired nine bankers to its residential mortgage-backed securities division in the U.S., four of them from Citigroup. The appointments follow the arrival of Tom Hamilton at Barclays Capital from Citigroup in June to build the U.S. mortgage-backed business.
Joining Hamilton are former Citigroup colleagues Will Sylvia as director of trading in collateralised mortgage obligations, Rohit Kumar as an associate director and Carla Giugliano as a manager. They will be based in New York. Steve Peters also moves from Citigroup to become an associate director in the mortgage-backed sales team, based in Chicago.
The five other joiners are Brad Boyse, John Cully, Wayne Lawrence and Pat Niro as directors and Dan Harvey as manager. Boyse comes from Goldman Sachs and will be based in San Francisco; Cully, from Prudential Financial, will be in New York; Lawrence joins from UBS and will work out of Boston; Niro from JP Morgan Chase and Harvey from CSFB will both be based in New York.
Banc of America Securities (BAS) announced that Jeffrey Liu, Stephan Month, Georg Schloendorff and Sean Rogers have joined the firm's technology investment banking team as managing directors. Month, Schloendorff and Rogers join BAS in New York from Citigroup
while Liu joins BAS in San Francisco from New Enterprise Associates.
Bear Stearns announced that Mark Rhodes has joined the firm's Private Client Services Division as a senior managing director and executive director. Rhodes will oversee the firm's Private Client Services franchise in Dallas and joins from Merrill Lynch.
Jesup & Lamont, a full-service brokerage and investment banking firm, named Caroline Yasuko Stewart as vice president, equity and research analyst. She joins from Leerink Swann & Co.
BNP Paribas hired Judy Kim as a director to its newly created Institutional Sales Desk in San Francisco. She joins the firm from RBS Greenwich Capital.
Wachovia made some key internal appointments. David M. Carroll will assume leadership of the company's capital management group, following the retirement of Donald A. McMullen, Jr., on December 31. Carroll currently heads merger integration and corporate marketing. Steve Boehm will co-head merger integration with Frank Schmidt from SouthTrust upon Carroll's transition.
In asset management, Pequot Capital Management, a Westport, Connecticut-based private investment firm, has made two hires: Michael M. Takata, co-founder and former general partner of Ulysses Partners, and Ramu Thiagarajan, a former managing director of Mellon Capital. Pequot also announced that Peter Dartley, former director of trading and a managing director of Pequot, has rejoined the firm as vice chairman and director of business development.
S3 Asset Management, a New York-based firm that provides outsourced portfolio financing services for hedge funds, announced the arrival of Kevin Mirabile as a partner. Mirabile is the former managing director of Barclays Capital's prime brokerage, equity finance and short term interest rate businesses.