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Job Wrap: Deutsche Hires Seven in Equities

Deutsche Bank Securities was at the forefront of a spate of equities hiring last week. Wachovia and SG Cowen brought up the rear.

Deutsche Bank Securities bolstered its equities business with the addition of seven new staff, including three mid-ranking equities professionals from Morgan Stanley, one managing director from Thomas Weisel Partners, and a selection of others from Lehman, JP Morgan and Merrill Lynch. Richard Dunphy, Peter Farnum and Ryan Haggerty join Deutsche from Morgan Stanley; all will work as vice presidents in the bank's global markets cash equities group. Brett Burns joins from Thomas Weisel Partners as a managing director in the global markets division responsible for managing the bank's northeast institutional equity sales group.

The remaining three hires will be based in the San Francisco office, as part of the bank's west coast institutional equities sales force. They are: Benjamin Fisher, who joins as a vice president from Lehman Brothers; Brooks Doggett, who joins as a director from Merrill Lynch; and Brian McNamara, who joins as a director from JP Morgan.

Wachovia Corporate and Institutional Trust hired Matt Wilder from Equiserve as a vice president of sales in its equity services group.

SG Cowen & Co. hired John O'Donoghue from CSFB as co-head of equities and head of trading based in New York.

Fixed income: Ellsworth quits Morgan Stanley

William Ellsworth, head of convertibles trading at Morgan Stanley, left for a proprietary trading role at a buyside firm.

Deutsche Bank Securities hired Mark Zarrilli from Bank of America as a director in mortgage-backed securities sales, based in New York.

Investment banking: UBS hires Credit Suisse Group's Schretter

UBS hired Jerry Schretter from the Credit Suisse Group as a managing director in its energy investment banking group. Schretter will be based in New York.

Boston-based investment banking firm Lane, Berry & Co., hired Tim Walsh from SG Cowen Securities as managing director and head of its technology banking group.

Wachovia Securities hired two senior bankers, one also from SG Cowen. Michelle Cherrick joined from the firm as a managing director in Wachovia's consumer and retail investment banking group. Michael Fekete joined from CIBC World Markets as a managing director in health care investment banking, based in San Francisco.

RBC Capital markets hired two senior executives for its investment banking group. Kevin Davies joins from Wells Fargo Securities as a managing director in healthcare investment banking. Chris Mulligan joins from Headwaters Merchant Bank as a managing director

and co-head of the media, communications and entertainment investment banking group.

Research: Bear boosts pharma

Bear, Stearns & Co. hired John Boris from Harris Nesbitt as an equity research analyst covering the pharmaceutical sector.

TowerGroup, a financial services research and consulting firm, hired two analysts for its securities and investment research practice. Peter Delano joined from Ixis Asset Management Services as a senior analyst in the TowerGroup Investment Management practice. Matt Nelson joined from Fidelity Investments as an analyst in the same practice.

Senior moves: Codina joins Merrill board; ex-Siemens CFO joins Greenhill

Merrill Lynch named Armando Codina, chairman and chief executive of Florida-based real estate developer, to its board of directors.

Greenhill & Co appointed Karl-Hermann Baumann, a former chairman and chief financial officer of Siemens, as a senior adviser in New York.

There was mounting speculation that John Mack, the former president of Morgan Stanley, would become its new chief executive, after the New York Post reported he had met senior managers at the bank.

Asset Management: Carey moves at Fidelity

Fidelity Investments appointed William Carey as president of Fidelity Registered Investment Advisor Group, its brokerage unit. Carey previously headed Fidelity Institutional Retirement Services Co.

AUTHORAnonymous Insider Comment

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