The New York Stock Exchange hired John Malitzis, a senior Citigroup lawyer, to monitor specialist market-makers. The Exchange has made more than 60 appointments since March this year aimed at convincing the Securities and Exchange Commission, the U.S. regulator, that self-regulation can work.
Malitzis replaces Dan Saporito, who has spent more than three decades with the exchange.
Among investment banks the job market was relatively quiet. BNP Paribas appointed Jonathan Schwartz as a director in structured product sales, covering real money accounts, such as insurance companies and asset managers, in its New York Credit business. Schwartz joins from Banc One Capital Markets where he worked as a director in structured credit products.
Calyon Americas, the corporate and investment bank of the Credit Agricole Group in New York, hired Rodrigo Gracia as a vice president in its loan syndication group. Gracia will specialize in Latin American syndicated transactions. He was previously with Dresdner Kleinwort Wasserstein.
Deutsche Bank Securities retained Gerald Buetow as an independent research consultant. Under the terms of the global research analyst settlement, securities firms are required to retain an independent research consultant to select third-party research to be made available to clients. Buetow is the founder of BFRC Services, a Virginia-based financial research consulting firm. Deutsche has also shaken up its top U.S. M&A team to improve performance. James Stynes climbs from vice chairman of corporate finance, to head the American push, replacing Monte Koch, who moves up to be chairman. It is the second senior reshuffle in 18 months.
Lazard has beefed up its private equity placement business by hiring Patrick Dunleavy from Citigroup as a managing director of its private fund advisory group. Dunleavy was previously the co-head of private equity funds at Citigroup alongside Doug Blagdon. His departure is the latest in a string of high-level defections as investment banks jostle for market share in an increasingly competitive environment.
Meanwhile, Europe's biggest pension fund, ABP, initiated an internal reshuffle that will see Paul Spijkers, chief executive of the U.S. operation, returning to the Netherlands to take over alternative investments from Jan 1, 2005. Spijkers will be replaced in New York by Jelle Mensonides, who held the alternatives brief in Europe.
Christian Brothers Investment Services, a New York asset manager for Catholic institutions and organizations, announced that Howard W. Hawkins III has joined as vice president for marketing and business development. Hawkins previously served as a managing director at MassMutual Financial.
Still in New York, Halcyon, a $2.5 billion hedge fund manager, announced that Steven G. Mandis, formerly of Goldman Sachs' fixed income division, has joined as a managing principal and chief investment officer for its special credit and select opportunity products.
Across the country, Marc G. Bianchi has been named a security analyst/portfolio manager in the growth equity investing team at Turner Investment Partners, an investment-management firm, based in Berwyn, Pa.
Dividend Capital, a specialist in real estate investment products, announced it had appointed Eric Paul as vice president and director of marketing for Dividend Capital Securities in Denver. Prior to joining Dividend, Paul was vice president of marketing for Spencer Trask Ventures.
Finally, Whitehead Mann, the UK-listed headhunting firm that issued a profit warning last week, lost its top team of financial services headhunters in New York. Partner Amy Russo and her colleagues Gale Kroeger and Vanessa Eertmans De Samamé resigned. They have joined Sextant Search, a boutique search firm focusing on the needs of the alternative asset management community and its constituents.