Job Wrap: Greenhill Bags a Citigroup Co-head
Greenhill & Co., the M&A boutique the investment banking boutique led by former Morgan Stanley banker Bob Greenhill, confirmed the allure of the small boutique by hiring Robert Smith, co-head of financial institutions mergers and acquisitions at Citigroup. Last week Greenhill hired Dhiren Shah, global head of technology investment banking at Morgan Stanley.
In other banking moves, Woodbridge Group, an investment banking firm also specialising in M&A, hired Larry Reinharz as senior vice president and partner. Reinharz previously founded and managed Deane Advisors, a boutique commercial financing business acquired by Woodbridge.
Citigroup said Deborah Hopkins, who was hired as head of corporate strategy at the bank in 2003, is moving into a new role as senior adviser to investment banking clients.
Professor Robert Clark, who sits on Time Warner's board of directors, resigned from the board of Lazard after the bank did work for Carl Icahn, the billionaire corporate raider, looking to break up the media conglomerate.
Equities: BNP Paribas Hires from Merrill
BNP Paribas hired Gregory Hurley from Merrill Lynch for its New York equities and derivatives business. Hurley joins as a managing director leading the listed derivatives single stock trading team.
HSBC Securities, the division of banking giant HSBC, said it is moving technology equity analyst Nicolas de Smet from Paris to New York in order to add North American IT coverage to HSBC's research.
The Wall Street Letter reported that Christian Ward and Sean McMahon, founders and managing directors of BNY Jaywalk, an equity research unit of Bank of New York, are leaving to start their own consulting firm.
Asset management: Fidelity Hires for Pyramis
In the first of several asset management moves last week, Fidelity Investments hired two top executives for its Pyramis Global Advisors unit as part of building a new institutional business. Seema Hingorani joined from hedge fund Mirador Capital Management as director of equity research and appointed Michael McCauley, from Pulse Trading, a direct access electronic firm, as head of trading.
Northern Trust hired David Santos from Putnam Investments as senior investment officer for its new Boston office. Santos was most recently managing director and senior portfolio manager on Putnam's large growth team.
Mellon Financial Corporation said Charles J. Jacklin will assume the role of chief executive officer of its Mellon Capital Management subsidiary from January 1, succeeding Thomas F. Loeb. Jacklin will also continue in his current role as president.
Separately, Mellon Investor Services appointed John B. Power as chief administrative officer. Power was formerly the chief financial officer of E*Trade Financial's corporate services division.
Catterton Partners, a consumer-focused private equity firm, hired Michael J. Farello, vice president of U.S. consumer marketing and eBusiness at Dell as a partner.
W.P. Stewart & Co., a Bermuda-based asset management company, hired John C. Mahler from Brown Brothers Harriman for its U.S. investment management team at its New York-based research and portfolio management subsidiary, W.P. Stewart & Co., Inc.
Deutsche Bank Alex. Brown, the U.S. private client services division of Deutsche Bank Securities and Deutsche Bank Private Wealth Management, made two hires to its New York office, both from Credit Suisse First Boston. Mike Brabant joined as a managing director and client advisor; Eric Osserman joined as a director and client advisor.
Evergreen Investments, a unit of Wachovia's investment management division, hired two directors and an associate of consultant relations. Deirdre Flood joins from Bank of Ireland Asset Management as a director of consultant relations for the Western U.S. Region. Adam Collins joins from JPMorgan as a director of consultant relations for the Central U.S. Region. Ashley Larson joins from Wachovia Securities as an associate of consultant relations, based in Charlotte.
Financial Risk Management, a U.K.-based fund of hedge funds manager with more than $12bn (€10bn) in assets under management, hired George Jamgochian from Credit Suisse Asset Management as head of marketing and client services for FRM Research, its U.S. research business based in New York.
Mercer Global Investments hired Phil de Cristo, former head of pensions management for defined contribution plans at Fidelity Investments in Europe.
Ferrell Capital Management, a Greenwich, Connecticut-based investment advisory firm, named Bradford Miller director of marketing. Miller joined from Peppertree Partners, a private equity fund of funds firm in Cleveland, where he was head of marketing.
Janus Capital, the Denver-based growth manager rumoured to be considering a management buy-out, appointed Brad Gillman from Artisan Partners in San Francisco as vice president and director of consultant relations of its institutional business.
Brookfield Asset Management, a Toronto-based specialist manager focused on property, power and infrastructure assets hired Alexander Greene, who left in September as co-head of Carlyle Group's distressed debt investment group.
Legal: Dillon Read Capital Management Hires Lead Attorney
Dillon Read Capital Management, the New York-based hedge fund being set up by UBS, hired Stephen Nelson from Moore Capital Management as its top attorney.
It emerged that the Securities and Exchange Commission is seeking to hire Brian Cartwright, a partner at corporate law firm Latham & Watkins, to replace departing Giovanni Prezioso as its general counsel.
Ulmer & Berne, a corporate law firm based in Cleveland, Ohio, hired Shawn Russell as a partner in its financial services industry group. She was previously an attorney at Cleveland law firm Squire, Sanders & Dempsey.
Operations and custody: India, here we come
JPMorgan Chase said it planned to have nearly one third of its investment banking support staff offshore by 2007, and that it hoped to hire 4,500 graduate trainees in India. With concerns that this would lead to job losses, the company said the Indian hires would be in addition to, rather than instead of, existing back office staff.
Erskine Bowles joins Morgan Stanley board
Morgan Stanley elected former White House chief of staff Erskine Bowles to its board of directors. Bowles is the fourth non-executive added to the board by John Mack since he joined the bank as chairman and chief executive in July.
Private equity: Norwest hires Platt
Norwest Equity Partners, the private equity firm, hired Andrew Platt, formerly of GE Equity, as director of business development.