Yesterday, we published a list of the 20 financial firms that will be hiring in 2014. It’s a great piece, and one of the more popular of the year. The problem, though, is that not all firms make their hiring plans public, especially if they are only looking to build out specific teams rather than entire units.
To unearth those potential openings, it’s often helpful to look back at recent high-profile hires that were brought in recent months. These are the people who are tasked with changing the face of a business, and that’s usually done by adding other talent. Below is a list of 10 recent big-name hires that may be looking to hire early next year.
1. Stephen Roti, Nomura
Hired in June from Barclays, Roti is charged with overseeing Nomura’s equity capital markets team in the Americas. The Japanese bank is making a huge push into the U.S. investment banking market – hiring a dozen high-level executives during the second half of 2013 – but Roti stands out because equity capital markets is one area where Nomura is having particular success. Other recent Nomura hires to keep your eyes on include Georges Azzam, the bank’s new co-chief of Americas mergers and acquisitions, and Edward Aitken, head of Americas for retail investment banking.
2. Mohamed Yangui, Bank of America Merrill Lynch
Yangui was hired by BAML is November to head up the firm's equity derivatives structuring in Europe, Africa and the Middle East. Joining a group that has seen a number of high-level names leave, Yangui appears in a good position to bring on talent. Plus, the equity derivatives market had a strong 2013.
3. Charles McGarraugh and Don Casturo, Goldman Sachs
Just last week, Goldman mixed up its global commodities and metals businesses. The firm promoted Charles McGarraugh, currently head of European mortgage-product trading, to global head of metals trading. Don Casturo, currently head of commodities investor products, has been appointed chief operating officer of global commodities. Unlike other banks, Goldman has no plans to exit its physical commodities business. While headcount is falling in the industry, Goldman may be the best place to work if commodities if your field and you prefer big banks.
4. Jonathan Beebe, Barclays
Beebe was promoted to head of equities for Europe, the Middle East and Africa at Barclays’ investment bank in May, so technically he was hired in Q2, but he’s still worth mentioning. Beebe made news last week by predicting that, following two years of staff cuts, global investment banks will need to hire in early 2014 as the market continues to rally. He declined to comment on whether Barclays will be one of the banks that’ll be hiring, but we’ll read between the lines. Barclays has indeed been adding talent in equities.
5. Janet Mirasola, Wells Fargo:
Mirasola was hired in November to lead the build out of Wells Fargo’s over-the-counter and listed derivatives team and to “spearhead a new metals business” in New York, according to Financial News. While she is based in the U.S., recent reports show that Mirasola is also looking to launch a London-based metals trading desk.
6. Mumtaz Kazmi, Cargill
Kazmi, the former mergers and acquisitions head for Credit Suisse in the Middle East, has reportedly joined commodities trader Cargill. He’s been asked to expand Cargill’s footprint in Asia, meaning new hires are all but a sure thing.
7. Thomas Poppensieker, Deutsche Bank:
Poppensieker was poached from McKinsey in early December to head up Deutsche Bank’s risk controls unit and to help implement the company’s Strategy 2015+ program, aimed at enabling DB to meet future cap requirements. It’s a big job – surely he’ll need some help. Poppensieker takes the position on Jan. 1 and will report directly to co-Chief Executive Officers Anshu Jain and Juergen Fitschen.
8. Moses Lee, J.P. Morgan
Hired away from Credit Suisse in August, Lee has wasted no time building up J.P. Morgan’s Asia electronic futures business, which the firm has called “a key priority.” Lee has already poached an MD from Goldman Sachs, a VP from Barclays and relocated two senior executives from its London office to help expand the firm’s electronic trading business in APAC.
9. Michael Helou, Global Investment House.
One of the largest investment bankers in the Middle East pre-crisis, Global is just now getting back on its feet. The bank reportedly hired Helou, a former senior banker at Barclays, in early December to help revamp the business and recruit talent.
10. Guy Slimmon, HSBC
A former managing director at Goldman Sachs, Slimmon was hired to lead HSBC’s healthcare practice. The U.K. bank hired Slimmon as part of a overall revamping of its corporate advisory business, punctuated by similar hires in global telecom, media, technology and utilities.
11. Michael Boardman, J.P. Morgan Chase.
Boardman was hired in October as the CEO of Chase Wealth Management, putting him in charge of the firm’s financial planning and investment management services. Like all other wealth managers, J.P. Morgan is thirsty for veteran advisers with proven books of business.