US Job Wrap: Citigroup Poaches Co-Head of Morgan Stanley M&A

Defections from Morgan Stanley made headlines again last week. This time it was the turn of Raymond McGuire, the co-head of Morgan Stanley's global M&A business, to depart.

McGuire is joining Citigroup as global co-head of investment banking, where he will work alongside Alberto Verme. McGuire is the latest high profile departure at Morgan Stanley, which is battling an attempt by eight retired executive to unseat Philip Purcell, its chairman and CEO.

In other M&A job moves, Banc of America Securities hired Andrew Bednar, a senior M&A investment banker at Goldman Sachs, as managing director and head of US M&A. Deutsche Bank hired John Godsman from Credit Suisse First Boston as a director in its investment banking team specializing in the global aerospace and defence industry.

European banks hire across all markets

Away from M&A and investment banking, European banks were the biggest hirers last week.

In fixed income, Dresdner Kleinwort Wasserstein hired David Madon from Commerzbank Securities as a managing director in its New York structured credit sales and marketing team. BNP Paribas hired Raphael Gonzalez from Barclays Capital as managing director and head of asset backed securities trading.

Barclays Capital boosted its emerging markets research effort and hired Philip Suttle from JPMorgan. Suttle was managing director, head of emerging markets economics, and head of global economic analysis. He joins Bar Cap as managing director and head of emerging markets research.

AMN Amro hired Ranjeet Bhatia from BNP Paribas to trade crude oil derivatives. The Dutch bank also added it its commodity derivatives team in London and set up a new business in Singapore.

Asset Management: Deutsche hires from Fidelity

There were a handful of asset management hires. Deutsche Bank hired Bart A. Grenier from Fidelity Management & Research Co. as head of speciality fixed income.

Atlantic-Pacific Capital, a global placement agent for alternative investment funds and direct private placements, hired Geoffrey L. Berger from Equinox Capital as principal in charge of direct placements.

Highland Financial Holdings, a hedge fund with $800m under management, hired Joseph Gill from BlackRock as senior vice president and chief marketing officer.

Broking: Cazenove hires for new NY office

Cazenove Group, the UK asset manager and investment bank, hired Mark Godridge from Collins Stewart, the UK stockbroker, as a director and new president of Cazenove Inc. Godridge will run the New York City-based US sales office, focusing on European institutional clients.