U.S. hiring managers took time out to eat turkey last week. Recruitment at investment banks was non-existent, and only the asset management sector scraped multiple hires.
Asset Management and Hedge Funds: Ex-Citadel Managers Join Pequot
Pequot Capital Management Inc, the $7 billion hedge fund group, added three former portfolio managers from Citadel Investment Group to its equity trading and event-driven strategies team: Peter Labon, a former manager of equity long-short TMT investments at Citadel, Carson Levit, a manager of an equity long-short product at Citadel, and Steve Pigott, formerly of Citadel, but most recently a portfolio manager at Marin Capital Partners.
Rainier Investment Management, an independently owned Seattle-based fund with $6.8bn under management, hired Len Brennan, formerly of Russell Investment Group, as chief operating officer and principal.
Jefferies Asset Management hired Thomas Witz from hedge fund Paloma Partners Management Company as chief investment officer. Witz spent 12 years at Paloma and was previously managing director with responsibility for investments and trading.
Private Banking and Wealth Management: Bank of America Hires from Merrill
The Private Bank of Bank of America hired Brian Wineke from Merrill Lynch as market executive for the Orange County and Inland Empire market of California. At Merrill Wineke was resident director and sales manager in Los Angeles.
Senior Moves: LaRocca Moves up at BarCap
Barclays Capital, the investment banking division of Barclays Bank, promoted Gerard LaRocca to chief executive of Barclays Capital Inc, the company's U.S.-based broker-dealer. LaRocca joined Barclays Capital in 1998 and had been chief administration officer and head of operations globally since 2001.