Job Wrap: Bad Week for Analysts, Better for FIG Specialists

eFC logo

Citigroup is understood to have fired at least half a dozen analysts in its N.Y. office last week, cutting coverage of more than 50 US stocks in the process. Goldman Sachs also is understood to have made cuts across its U.S. equities business, analysts included.

Harris Nesbitt, investment and corporate banking arm of the BMO Financial Group, has brought in a team of four analysts and an industry veteran to expand coverage into the financial services sector.

Lana Chan, Peter Winter, David Chiaverini and research associate Randolf Saint-Leger all join from Advest Inc, a subsidiary of AXA Financial. They will be based in New York and will cover regional banks and specialty finance companies for Harris Nesbitt.

Erik van Nispin, a banker with 19 years' experience, also joins from Milestone Merchant Partners as a managing director in financial institutions.

BarCap recruits economist, Banc of America Securities boosts treasury and agency sales

Barclays Capital showed a continuing appetite for hires. The British-based bank, which added around 2,000 extra staff last year, has hired Dean Maki as chief economist for its U.S. office. Maki, who joins from JP Morgan Chase, will take charge of analyzing the U.S. economy and U.S. monetary and fiscal policy.

BNP Paribas has poached Peter Bainlardi from Barclays Capital as managing director and head of proprietary trading. Bainlardi will be based in New York.

Banc of America Securities has boosted its treasury and agency sales capability. Darren Lowe joined from JP Morgan Chase as managing director and head of treasury and agency sales. J.P. Marra joined from Lehman as managing director and head of treasury and agency trading. Both will be based in New York.

Deutsche Bank bolstered its Boston equities sales team with Christopher Cornier from Bear Stearns. Cornier joins as a director and senior technology specialist.

Fund Management: Northern Trust Hires, CAM Gains New Co-Head

Northern Trust Global Investments made two hires in Chicago. James Francis joins from State Street Global Advisors as team leader for the domestic equity index team. Alain Cubeles comes on board from Barclays Global Investors as senior investment strategist for global quantitative management.

Citigroup Asset Management belatedly announced changes at the top. It said Michael Even, a veteran of the fund, became co-head with Stephen Hopkins in January. Even is responsible for investment-oriented functions of the organization. He is also global chief investment officer (CIO) for Citigroup Asset Management and interim CIO for Citigroup Wealth Management.

Steve Oristaglio has retired as its head of investments at Putnam Investments. He has been replaced by Kevin Cronin, who has been deputy head of investments since July.

Venture Capital: Stemberg quits Staples for Highland

Thomas Stemberg, former chief executive officer of Staples, the Nasdaq-listed office supply business, has joined venture capital firm Highland Capital Partners as a venture partner.

Broking: Cantor Grows Debt

Cantor Fitzgerald continued its debt capital markets expansion with two new hires to its debt capital markets division.

Both Ken Clisham and Jeffrey Hotch join from Piper Jaffray as managing director and senior vice president, respectively. Clisham will be responsible for heading the New York region's mortgage sales. Hotch joins as a senior vice president in mortgage sales. The brokerage firm said it will continue to boost its debts capital markets business with new hires over the year.

sbutcher@efinancialcareers.com

Popular job sectors

Loading...

Search jobs

Search articles

Close
Loading...
Loading...