Deutsche Bank and HSBC were the big hirers on Wall Street last week, rounded out by BNP Paribas, Sandler O'Neill, ThinkEquity Partners, and UBS, among others .
There was a mass exodus from Morgan Stanley in the direction of Deutsche Bank. Deutsche hired Robert Karofsky, managing director and head of cash equity trading at Morgan Stanley, Joseph Ferrarese, managing director and head of New York Stock Exchange floor operations at Morgan Stanley, plus six others.
Karofsky joins Deutsche as managing director, global head of program trading and direct markets access and Americas co-head of cash equities. Ferrarese joins as managing director and Americas head of cash trading. Other managing director hires include Donald Healy, Brian Rigney and Eric Shenker; William Mathews and John Pastorelli join as directors.
Morgan Stanley also lost Thomas Juterbock, a trader and managing director in the fixed income division, who quit. Juterbock's destination was not Deutsche, however.
In fixed income, Deutsche hired Michael Henriques from Goldman Sachs as a managing director in a new business structuring and trading consumer and commercial debt.
Deutsche also raided Bear Stearns for Patrick Marsh and Josh Sherman, who join as managing director and head of municipal structuring and vice president in municipal structuring, respectively.
It re-hired Andrew Shore, an independent consultant at Procter & Gamble, as managing director in its global consumer investment banking group. Shore was a managing director and head of global consumer products research at Deutsche Bank until early this year.
In Canada, Deutsche hired Thomas Barber from Credit Suisse to be its top banker in Toronto.
Equities: HSBC Staffing Up
HSBC Securities was also shopping for cash equities expertise last week. The bank made seven hires to its global equities platform, including three from Merrill Lynch.
The new hires at HSBC: Neil Bloomgarden from First New York Securities, as a managing director and senior energy, utilities, metals and mining sectors trader; Aidan Toomey from Merrill Lynch, as managing director and senior sector trader of technology, media, and telecom stocks; Thomas Terzulli from Goldman Sachs, as senior vice president and senior sector trader; Sean McDonald from Merrill Lynch, as managing director and senior sales trader; James Reidy from Merrill Lynch, as managing director and senior sales trader; Christopher Taylor from UBS Financial Services, as a vice president and sales trader; and John Donovan from Deutsche Bank, as a senior vice president and senior sales trader.
All are based in New York except Reidy and Taylor, who are based in Boston.
In San Francisco, ThinkEquity Partners hired Nick Atkeson and Andrew Houghton from Susquehanna International Group and Aidan Whitehead from Wells Fargo Securities as managing directors. J. Daniel Plants joined ThinkEquity in New York as head of communications and wireless investment banking.
Investment Banking: Foussianes Quits Goldman for HSBC
HSBC hired George Foussianes from Goldman Sachs as managing director and head of its Americas advisory group within its global investment banking unit.
BNP Paribas promoted Jean-Yves Fillion as head of corporate investment banking for North America. Fillion was BNP Paribas' co-head of the media and telecommunications finance group for the Americas.
Sandler O'Neill & Partners, the financial services specialist investment bank, hired John Ziegler from Goldman Sachs.
Stanford Group Company, a wealth management division of Houston-based Stanford Financial Group, hired three to its Miami- and Dallas-based investment banking teams. They include Michael Guptan, a former M&A banker at Salomon Smith Barney and Credit Suisse First Boston; and Javier Warra, a former banker at Salomon Smith Barney in New York. Guptan joins as managing director and Warra joins as vice president.
Merriman Curhan Ford & Co. hired Joseph Balagot from CIBC World Markets as head of health care investment banking. It also hired Robert Roden of Banc of America Securities as head of a newly formed leveraged finance group.
Fixed Income: BNP Paribas Hires for Credit
BNP Paribas hired Jonathan Cooper from Deutsche Bank as managing director and head of its US based credit repo business. It also hired George Steelman from Commerzbank as a director and senior credit trader.
T. Rowe Price Associates hired Michael Oh from the U.S. Treasury as a research analyst covering emerging market bonds.
Fund management: UBS Hires from Hedge Fund
UBS hired John Laub from Ziff Brothers, a hedge fund, as a managing director and chief administrative officer of its prime services business.
HSBC hired Jeffrey Klein from fixed income asset manager Dodge & Cox as head of US corporate bond management in its asset management unit.