Investment banking hires were at the top of the pile last week. Banc of America Securities (BAS) hired five for its financial institutions group (FIG) and one for its power group. CSFB poached from Morgan Stanley.
BAS hired Hans Miller, Robert Fleischer, Michael Barry, Justin Milberg and Anna Iacucci. Miller joins as managing director on the insurance team from the Hartford Financial Services Group. Fleischer joins from Credit Suisse First Boston (CSFB) as managing director and senior investment banker focused on the insurance sector. Barry joins from Lehman Brothers as a managing director and senior investment banker focused on banks and depository institutions. Milberg joins from Lazard Freres & Co as managing director and senior investment banker focused on the insurance sector. Iacucci joins from Goldman Sachs as principal and global head of the Financial Institutions Group ratings agency advisory team.
To round out BAS's hires, Peter Kind joined from Citigroup as head of the power corporate and investment banking group.
There was further fallout at Morgan Stanley. CSFB hired Vikram Gandhi, global co-head of financial institutions investment banking at the bank, as head of its global financial institutions group. Morgan Stanley has lost several high profile staff in recent weeks following a power struggle between Philip Purcell, chairman and chief executive, and a group of former staff who have urged him to resign.
Other investment banking hires included Deutsche Bank's recruitment of Timothy J. Ng, formerly of SoundView Technology Group, as a managing director in its technology investment banking group, based in San Francisco.
Rothschild North America hired Jon David Friedland, a veteran health care investment banker, as managing director. Friedland joins from Rinaldini & Co, a New York-based investment bank.
Cantor Fitzgerald hired Brent Lewis from ABN Amro's structured capital markets group as a managing director in its investment banking group.
Structured Products: SG Buys BofA's Business
SG Corporate & Investment Banking completed the acquisition of Bank of America's Structured Investments business, with19 sales and marketing staff from the business joining SG CIB's equity derivatives platform
Deutsche Bank hired Richard Rizzo from Merrill Lynch for its collateralized debt obligations (CDO) group. Rizzo will join as a Director in CDO Trading.
Fund Management, Hedge Funds, Private Banking
HSBC hired Nancie Dupier from Bank of America as managing director and head of the private bank investment group for the Americas.
Focus Investment Group, a global fund of hedge funds firm, hired Lance Babbit from Deutsche Bank as senior analyst and portfolio manager.
Armada Funds, a Cleveland-based asset manager, hired four people for a new structured equity team. Hitesh Patel, Paul Kleinaitis, Rob Roquitte, and Steven Greiner joined from Harris Investment Management.
HSBC's asset management unit hired Richard Lindquist from Credit Suisse Asset Management as managing director and head of U.S. high yield.
Caxton Associates, the world's largest single manager hedge fund, hired Bob Jonke, head of commodity trading at North America. Jonke will lead Caxton's push into the energy market.
Leveraged finance and high yield: BNP Paribas hires three
BNP Paribas hired Greg Paul as managing director and head of leveraged media and telecom finance, based in New York. Paul joins from Deutsche Bank. The French bank also hired Patricia Bril and Thomas Bailey from JP Morgan for loan syndication, trading and placement for the Americas.
Jefferies & Company hired Evan S. Templeton as a senior vice president and senior research analyst in high yield. Templeton joins from Royal Bank of Canada Capital Markets.
Carter joins NYSE
The New York Stock Exchange hired Marshall N. Carter, former chairman and chief executive officer of State Street, as its new chairman.
Carter succeeds John Reed, who has revamped governance at the exchange since taking over from Dick Grasso, the disgraced former chairman, 18 months ago.