In this week’s hiring roundup, a European fund manager eyes US expansion, Pimco prepares for an equities push and Millennium refuses to stop hiring on the buy-side.
French fund manager hiring in U.S., Asia
Axa Investment Managers will look to hire as many as 50 new employees as the firm expands its global footprint. Most of the hiring will occur in the Americas and in Asia.
Growing M&A boutiques
M&A boutiques are gaining ground on big banks, pulling in 38% of fees so far in 2014. Here’s a list of the ten boutiques in the U.S. and in Europe that are killing it, and are most likely to hire.
BofA adding bankers in FLA
Bank of America plans to hire another 200 small business bankers in Florida in 2014. The U.S. firm hired 1,000 such bankers last year. Meanwhile, BofA has made two senior hires within its FICC trading business in less than a week.
Cordet remaining active
Private debt fund manager Cordet Capital Partners continues to add talent. The London firm just poached John Travis, former co-head of Europe, the Middle East and Africa capital markets execution at Morgan Stanley. Cordet has hired 20 people since its inception last August.
London hiring contractors
After what seemed like a half-decade of shrinking, London’s financial center is finally adding staff. Job vacancies were up 11% in February, although it seems that most of the jobs are contract positions. UK banks are eyeing young people especially.
PIMCO to hire strategically in equities
With its bond funds seeing daily customer withdrawals, Pimco has promised to play more in equities. The U.S. bond fund giant’s newest deputy chief investment officer, Virginie Maisonneuve, said the firm won’t go on an equities hiring spree, but “I think there are a lot of smart people that will be interested in joining,” she told Financial News.
Millennium eyeing credit portfolio managers
Millennium Management has hired James Ter Haar, a former partner at credit hedge fund Lucidus. Ter Haar will reportedly look to hire as many as four people to help manage a new $400 million credit fund.
Dubai’s equities push
Goldman Sachs is reportedly launching a new equity sales division in Dubai. Other firms, including Renaissance Capital, are also recruiting in the area.
Moelis hiring, angering in Brazil
Investment bank Moelis, set to IPO in the coming months, is expanding its business in Brazil with the opening of a new office in Sao Paulo. Moelis has already been poaching bankers from BR Partners, moves the firm has called “improper and unethical.”