Job Wrap: Europeans Hire for MBS
Mortgage backed securities (MBS) saw a mild flurry of hiring last week, with both Deutsche Bank and SG Corporate and Investment Banking (SG CIB) staffing up in the area.
SG CIB, the investment banking arm of French bank Société Générale, announced the launch of a new U.S. residential mortgage backed securities (RMBS) group and said it had hired five people: David Chang from Deutsche Bank; Abner Figueroa from Eurohypo AG; Carole Mortensen from UBS; Yuan Zhou from C-Bass; and Rob Pak, who joins from SG CIB's CDO group.
Deutsche Bank hired two to its MBS business. Hyung Myung Peak joins from RBS Greenwich Capital as a managing director and head of private label collateralized mortgage obligation trading. Adam Yarnold joins from UBS as a director and head of adjustable rate mortgages trading.
Private client services: Bear hires from Smith Barney
Bear, Stearns & Co. hired two for its private client services division. Don Donnnally, Jr. and David Greenman both joined as managing directors from Smith Barney.
Equities: BNP Paribas hires two
BNP Paribas made two hires for its New York equity and derivatives business. Kyle Rusconi joins from BNP Paribas in Japan, where he was head of quantitative strategies. He will perform a similar role in the U.S. John Vlahoplus joins from Zurich Capital Markets to improve the bank's relationships with institutional clients.
Credit: Chang to Calyon
Calyon Americas hired Chris Chang from the Bank of Tokyo-Mitsubishi as an assistant vice president in its loan syndications structuring team.
Meanwhile, Moody's Corporation, parent of credit rating agency Moody's investor services, named Jeanne Dering executive vice president of global affairs and compliance. Dering was previously chief financial officer (CFO). She is replaced in the role by Linda Huber, CFO of U.S. Trust Co.
Asset Management: Levit leaves Citadel; Findlay-Shirras quits State Street
Citadel Investment Group, one of the world's largest hedge funds, was hit by the departure of Carson Levit, a star fund manager. Levit's destination was uncertain.
Douglas Findlay-Shirras retired as marketing director from State Street Global Advisors. His departure follows the abrupt resignation of Alan Brown, State Street's head of investment, in March. Sources at the company said it was unrelated.
Mellon Financial Corporation named Patrick Sheppard president and chief operating officer for the Boston Company Asset Management. Sheppard was most recently chief operating officer for Mellon Institutional Asset Management (MIAM).
Oppenheimer Investment Management hired Mark DeVincentis from Lazard Asset Management for its Toronto office. DeVincentis joins as vice president, sales and marketing.
Watson Wyatt added three analysts to its US manager research team. Erica Wolf joined from Northern Trust Global Advisors to specialize in U.S. equities. Marko Komarynsky joined from EVEREN Securities to specialize in fixed income. Sanjay Mansukhani joined from Evaluation Associates to specialize in alternative investments. Wolf and Mansukhani are based in Stamford Connecticut; Komarynsky is based in Chicago.
Separately, Gideon Nieuwoudt, a hedge fund researcher at Watson Wyatt in the U.K., transferred to Watson Wyatt Investment Consulting in the U.S. Nieuwoudt will be based in New York City.
Custody: Wachovia moves Gould
Wachovia Corporate and Institutional Trust hired Russell S. Gould from Metropolitan West Securities (also owned by the Wachovia Corporation) as senior vice president. Gould, who will be based in Los Angeles, will provide oversight to business development and strategic partnerships in California for Wachovia.