Job Wrap: Purcell Brings in Heleniak
Embattled Morgan Stanley chief executive Philip Purcell summoned David Heleniak, senior partner at top M&A lawyer Shearman & Stearling, to join the bank as vice chairman in charge of all legal and regulatory affairs. Heleniak becomes the 15th member of Morgan Stanley's management committee. His appointment follows a series of senior level departures and calls for Purcell to stand down.
Investment Banking: Jeffries Hires from CSFB
Morgan Stanley wasn't the only bank making additions to its M&A team. Jefferies & Co. hired Philip Berkowitz, a former Credit Suisse First Boston technology banker, as managing director in its technology banking group.
Piper Jaffray & Co. hired John Harris from William Blair & Company in Chicago as a managing director and investment banker in its investment banking financial services division.
Debt Finance: HSBC Continues to Build
HSBC Securities (USA) hired Michael Waters and Daniel Mohen to its debt finance team. Waters joins as managing director and head of U.S. financial institutions coverage from BNP Paribas, where he headed financial institutions coverage. Mohen joins as a director from JP Morgan Chase, where he was a senior coverage officer in the energy and utility sector.
HSBC also hired Karen Giles from Fidelity Management and Research as a vice president in its debt finance and transaction execution group.
Equities: BNP Paribas Hires from Morgan Stanley; Wachovia Hires from JP Morgan
BNP Paribas hired Jerry Hammerschmidt from Morgan Stanley to its equity and derivatives business in New York. He reports to Aaron Ford, managing director and head of equity & derivatives flow sales for hedge funds and asset managers.
Wachovia Securities hired Quinten Stevens from JP Morgan Chase & Co. as head of its equities division. Stevens was co-head of equity capital markets Americas at JP Morgan.
Rodman & Renshaw, a private investment bank focused on emerging growth companies in the life science and technology sectors, hired Michael G. King, Jr. and Matthew Murray as healthcare analysts to its life-sciences research team. King joins from Banc of America Securities; Murray joins from Lehman Brothers.
Samuel A. Ramirez & Co, the Hispanic-owned investment bank, hired Frederic Capozzi from Blaylock and Partners, as a managing director in its institutional equity sales and trading division.
Bear Stearns hired Macario Lullo and James Greenwalt as managing directors in financial futures sales in its Chicago office. Both join from Deutsche Bank.
Trading and Commodities: Deutsche Hires Ritter
Deutsche Bank hired Mark Ritter from UBS as global head of commodities within its global markets division.
John Dolan resigned as the chief executive of Van Der Moolen, a specialist market maker on the New Stock Exchange. Dolan was promoted to the role just five months ago. He said he will move to another NYSE specialist firm.
Fund Managers and Hedge Funds: Foley and Clinch Quit
State Street Global Advisors lost its third high profile executive in a decade with the departure of Tony Foley, its head of research. Foley said he was leaving for personal reasons.
Simon Clinch quit Aberdeen Asset Management after seven months. Clinch, who was head of North American equities at the fund, will join F&C Asset Management as a director, US equities.
Gottex, a $5 billion fund of hedge funds manager, hired Steve Oristaglio, former head of investments at Putnam. Oristaglio left Putnam in February. He joins Gottex as chief executive officer of Gottex structured products.
American Express Financial Corp., the Minneapolis-based financial services unit of American Express Co., hired Christopher Keating from Fidelity Management Trust Co. as head of institutional and hedge fund sales, client service and consultant relations.
Private equity: KKR hires Freeman
Kohlberg Kravis Roberts & Co. hired Kenneth Freeman, former chairman and chief executive of Quest Diagnostics, as managing director in New York.
Martin Gagen, former chief executive of the U.S. division of 3i Group, the British venture capital firm, joined the advisory board of WHI Capital Partners, a Chicago-based buyout firm.