It may be high summer, but John Mack, the new chairman and chief executive officer at Morgan Stanley, shows little sign of putting his feet up.
Last week, Mack announced a series of leadership changes at the bank. Walid Chammah, former head of global capital markets, was named head of investment banking while Jerker Johansson and Neal Shear were named co-heads of institutional sales and trading. Johnansson and Shear will retain their existing roles as head of the institutional equities division and head of the fixed income division, respectively.
Jon Anda and Franck Petitgas were named co-heads of global capital markets. Anda was formerly managing director and global head of corporate finance. Petitgas was managing director and head of European global capital markets.
Morgan Stanley also hired James Gorman from Merrill Lynch as head of its retail brokerage. Gorman, who ran the private client business at Merrill Lynch until June 2005, will be president and chief operating officer of the individual investor group at Morgan Stanley.
Investment Banking: Wachovia Still Building
Wachovia Securities continued to build in M&A with the announcement of three hires. David Bain and Michael Wilkins joined from Dresdner Kleinwort Wasserstein; James Broner joined from Banc of America Securities. Bain and Wilkins will focus on technology clients while Broner will focus on the media and communications sector.
Citigroup started a global real estate group as a joint venture between its fixed income and investment banking divisions. The group, which will encompass around 200 bankers, will be headed by Marcus Giancanterino, head of global commercial real estate finance, and James Brent, head of global real estate investment banking.
Equities: Cantor Hires from Jefferies
Cantor Fitzgerald made three hires from Jefferies & Co. to its equity capital markets group to spearhead the opening of a new office in Summit, New Jersey. Michael Girardi, Ken Peterson, and Michael Macchiarola joined as executive vice presidents and senior vice president, respectively.
ThinkEquity Partners made two hires from Thomas Weisel Partners for its equities trading group based in New York. Ryan Gately joined as a partner with a focus on institutional accounts. Matt Delia joined as a managing director.
FX: Bank of America and RBS Greenwich Capital Add Staff
Bank of America hired Lawrence Goodman from the US Treasury as a managing director and head of global emerging market foreign exchange strategy. Goodman, who will be based in New York, will lead the bank's emerging markets efforts globally including macroeconomic and currency analysis.
RBS Greenwich Capital hired Craig Donaldson from Merrill Lynch as head of North American institutional foreign exchange sales. Donaldson will manage sales teams in Greenwich, Connecticut and Boston.
Private equity: Blackstone Adds Schorr
The Blackstone Group hired Chip Schorr from Citigroup Venture Capital Equity Partners as senior managing director in its private equity group. Schorr, who will be based in
New York, will focus on technology-related investments.
Asset Management: Fidelity's Eigen Defects to Highbridge
Highbridge Capital Management, an $8 billion New York-based hedge fund owned by J.P. Morgan, poached William Eigen from Fidelity to manage a fixed income fund. The move is the latest in a succession of hedge fund-oriented departures from Fidelity.
Citigroup Asset Management hired Raymond Nolte from Deutsche Bank for its hedge fund of funds. Nolte, who was managing director of Deutsche's absolute return strategies, will report to David Vogel, chief executive of Citigroup's hedge fund of funds group.
AXA Rosenberg Group, the specialist global equity investment management firm within the AXA Investment Managers group, hired Mike Mulvihill, a former vice president with MSCI Barra and a portfolio manager with Rochdale Investment Management, as a member of its US portfolio management team. The company also announced the opening of a New York office; Arbel Eichbaum, director of Marketing for AXA Rosenberg, has relocated to establish the new East Coast operation.
Mellon Capital hired Bruno Gerard, a finance professor at the Norwegian School of Management in Oslo and Tilburg University in The Netherlands, as senior strategist for currency management.
Fidelity Investments hired Eric Wetlaufer from Putnam Investments as one of a group of three chief investment officers. He will work alongside Philip Bullen and Bruce Herring, two Fidelity veterans appointed earlier this year.