Fund managers and hedge funds were last week's big hirers. Citigroup flagged redundancies to come, but investment banking and the credit sector saw some sporadic hiring.
Fund management hires: SAC, Putnam, Gartmore
Jim Rowen, London-based head of the prime brokerage unit at Deutsche Bank, is leaving to become chief financial officer at hedge fund SAC Capital Advisors, which has $4 billion under management.
Putnam Investments hired Bradford Greenleaf to help manage its $2.5 billion global equity fund. Greenleaf joined from Independence Investment LLC, a Boston-based investment management company, where he was managing director.
Gartmore hired John Early from Andor Capital Management, a long/short equity hedge fund manager, to the newly created position of vice president of U.S. institutional and alternative investment sales. Early will focus on delivering Gartmore's alternative investment solutions to the U.S. institutional market.
U.S. Bancorp Asset Management named David Lui as its chief compliance officer. Lui joined from Franklin Resources, the investment management company.
BayNorth Capital, the Boston-based investment manager, hired Charles Flint from O'Connor Capital Partners as managing director.
TIAA-CREF appointed Susan Kempler from Citigroup Asset Management as a director and portfolio manager for institutional and retail growth and income funds, based in San Francisco.
Thomas Eggers, president and chief executive of Scudder Investments, Deutsche Asset Management's U.S. arm, is to leave the firm following a review of the business. Sources close to the business said he was a casualty of its poor performance.
Citigroup: redundancies and advice on Japan
Citigroup announced plans to cut 1,400 jobs from its corporate and investment banking unit in the first quarter as it begins the cost-cutting effort prompted by a 62% plunge in net income at the unit last year.
Following last year's loss of its Japanese private banking license, Citigroup appointed Howard Baker as an advisor. Baker is a former U.S. Ambassador to Japan, former U.S. Senate Majority Leader and White House Chief of Staff.
Debt and credit: Deutsche hires from Lehman, BofA hires from JP; RBS hires from BofA
Deutsche Bank Securities hired Jeanmarie Genirs from Lehman for its debt syndication group. Genirs, who was head of the agency business at Lehman, joins as managing director and head of agency debt.
Banc of America Securities hired Jerry Lee from JP Morgan as a senior trader of crossover credits in cash and credit default swaps, based in New York.
RBS Greenwich Capital, hired Stefan D'Annibale from Bank of America as a managing director on its mortgage trading desk with a focus on agency pass-through securities..
Investment Banking and Research: Harris Nesbitt Takes Two
Harris Nesbitt, the investment and corporate banking arm of BMO Financial Group, hired two investment bankers to focus on the consumer and leisure industries. David Haas joins as managing director and head of Harris Nesbitt's consumer & leisure group, and Anthony Moretti joins the group as director. Both join from Royal Bank of Canada and will be based in New York.
Sandler O'Neill & Partners appointed Brad Milsaps, an equity research analyst for the FTN Midwest Division of FTN Financial, as a vice president in its equity research group.
Technology: New CTO at GlobeOp
GlobeOp Financial Services, a provider of fund administration technology, appointed Robert Schwartz from Bankers Trust as chief technology officer. Schwartz was responsible for building derivatives technology at Bankers Trust.
MarketAxess Holdings hired David Gomach, former chief financial officer of the Chicago Mercantile Exchange to its board of directors and audit committee.
FXall, an online foreign exchange platform, recruited two senior FX specialists for a new office in Boston. Melissa McCarthy joins from State Street as director of customer marketing and relationship management. Joedy Tran, who also joins from State Street, will be a relationship manager.