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Job Wrap: Senior Investment Bankers Jumping

Investment banking moves topped the bill last week. JP Morgan and Deutsche Bank added top level hires, while UBS shuffled existing senior managers.

JP Morgan Chase hired attorney Dennis Hersch, senior partner and head of mergers and acquisitions at Davis Polk & Wardwell, for the newly created role of chairman of its global M&A group.

Deutsche Bank hired Robert Mann from Revolution Partners, an investment banking firm focused on emerging growth sectors, to lead its technology mergers and acquisitions team

UBS Investment Bank rotated its senior management team. Jeff McDermott and Alex Wilmot-Sitwell, currently co-heads of European investment banking, and Rick Leaman, co-head of global mergers and acquisitions, were promoted to joint global heads of investment banking. McDermott and Wilmot-Sitwell will be based in London. Leaman will be based in New York.

Meanwhile, Robert Gillespie and Ken Moelis, the current global co-heads of investment banking, changed roles. Gillespie was appointed chief executive of UBS investment bank for Europe, Middle East and Africa, while Moelis will focus on his role as president of the bank.

UBS also promoted Mark Steinert to global head of equity research from the beginning of next month. Steinert was head of Australasian equities and will move from Sydney to New York.

Debt and Foreign Exchange: BNP Paribas Hires from Tokyo's UJFbank

BNP Paribas hired Masafumi Takada from UJFbank Tokyo as a Yen spot trader based in New York.

Oppenheimer & Co, a New York based investment boutique, hired Kelli J. Lambrix from Detroit-based Comerica Securities for its public finance department.

Hartford Investment Management Company, hired Rick Van Steenbergen and Jack Maher from Citigroup as part of an effort to build a team originating commercial mortgage loans.

Equities: State Street Hires from Morgan Stanley

State Street Global Markets hired Qi Zeng from Morgan Stanley as managing director and head of North American equity strategy.

Claymore Securities, an Illinois-based broker-dealer with an investment advisory arm, hired Kristoph Rollenhagen from Prudential equity group as managing director of closed-end and exchange-traded funds research and portfolios.

Asset Management: Lehman Hires from Morgan Stanley

Lehman Brothers hired Eric Johnson from Morgan Stanley as a managing director and global head of institutional asset management sales based in New York. Johnson was previously a managing director and head of North America institutional sales at Morgan Stanley's investment management division

Hermes hired Mark Anson, currently chief investment officer at Calpers, as chief executive. Anson replaces Tony Watson, who retires next year.

New York-based asset manager The Clinton Group hired Thomas J. Hughes, former global chief executive officer of Deutsche Asset Management, as president and chief executive officer.

Bermuda-based asset manager W.P Stewart & Co, said John Allison, deputy managing director, was quitting to develop a family firm.

Tremont Capital Management, a provider of hedge fund products and services with approximately $10bn in assets, announced plans to appoint Rupert Allan as president at the end of the year. Allan, the current managing director of Tremont's London headquarters, will replace Barry Colvin who is leaving to pursue 'entrepreneurial ventures.'

Eaton Vance, an investment management firm with $106bn of assets under management, appointed Cynthia Clemson and Robert MacIntosh as co-heads of its municipal bond group. Clemson is vice president of Eaton Vance Management and portfolio manager of 10 state-specific Eaton Vance municipal income mutual funds and closed-end funds. MacIntosh is also a vice president, and portfolio manager of 11 state-specific Eaton Vance mutual funds and closed-end funds.

Madison Investment Advisors, a Madison, WI-based investment management firm with about $12bn in assets under management, hired Paul Lefurgey from Members Capital Advisors as a senior portfolio manager.

T Rowe Price Group, the $245bn asset management firm, appointed Edward Bernard, head of marketing, investor services and technology activities, to take over from vice chairman James Riepe, who is retiring at the end of the year.

Janus Capital Group named Gary Black as its chief executive. Black was previously chief investment officer and president.

Private Equity and Venture Capital: Brookstone Hires

Brookstone Capital, a Las Vegas-based venture capital firm, hired Scott Moonly from L.E.K. Consulting as vice president for life science investments.

TA Associates, a Boston-based private equity firm, hired Mark Carter from Parthenon Capital as vice president.

SEC Promotes Enforcers

The Securities and Exchange Commission, appointed Peter Bresnan and Walter Ricciardi as deputy directors of its division of enforcement. Bresnan was deputy chief litigation counsel. Riccardi was a previous district administrator of the Boston office.

AUTHORAnonymous Insider Comment

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