Friday's Headlines: Janney's Rise Showcases the Power of Boutiques
Janney Montgomery Scott is steadily moving up in the ranks of underwriting deals. Since 2008, the firm has poached 50 professionals from the likes of bulge banks Merrill Lynch and UBS. They've helped the firm, which operates in equities and has a fixed income business composed of municipal products, taxable fixed income and public finance, rank 26th so far this year. The firm is still "aggressively seeking talent." [Automated Trader]
Barclay's has hired six senior analysts to its Asia Pacific ex-Japan team. The investment bank continues to develop a regional equity platform under Stephen O'Sullivan, and expects continued expansion in Asian Pacific equities. [Finance Asia]
Allan Mendelowitz, a former regulator of the Federal Home Loan Banks, and Lewis Alexander, a counselor to the treasury secretary are among the candidates to lead the newly created Office of Financial Research. Once a head of the office is named, it will seek to add staff to monitor the banking system.
Only two of the top 100 most influential people on Vanity Fair's annual "New Establishment" rankings are from financial institutions. The two - Ronard Perelman (24th) of McAndrews and Forbes and Appaloosa Management's David Tepper - made the list. And they fell behind Lady Gaga. [Finalternatives]
