Here's the latest on the 'Movers & Shakers' front.
ARBUTHNOT BANKING GROUP
Arbuthnot Banking Group has announced the appointment of Paul Anthony Lynam as chief executive of Secure Trust Bank, Arbuthnot's retail banking business, and to the Board of Arbuthnot. Both appointments will take effect on 13 September, 2010.
Lynam, aged 42, joins Arbuthnot from Royal Bank of Scotland Group where he was most recently managing director, banking and was responsible for 1.1 million SME customers and nearly 7,000 staff.
His previous roles have included chief executive, UK Business Banking and managing director of Lombard North Central PLC.
Barclays Capital has announced the appointment of Jon Pratt as Managing Director, Head of Asia Debt Capital Markets (non-Japan/Australia), IBD Asia Pacific.
Based in Hong Kong, Pratt will be responsible for managing the Asia Debt Capital Markets business within the Global Finance & Risk Solutions Group, working in partnership with Corporate Finance and Debt Syndicate. He will focus on the origination and execution of debt capital markets products for the firm's clients in Asia, non-Japan/Australia.
During his career, Pratt has originated and managed in excess of 100 syndicated public and private transactions in the region for sovereigns, financial institutions and corporates from China, India, Indonesia, Korea, Malaysia, Thailand and Vietnam. His most high profile transactions included the debut offering for Vietnam sovereign, China Properties Group, ICICI Bank in India and Asia's largest single corporate liability management transaction for KEPCO.
Commerzbank Corporates & Markets (C&M) has announced it had further strengthened its Equity Brokerage franchise with the senior hire of Michael Harrison. He joins the Bank as Head of Global Client Franchise and will be based in London reporting to Markus Plümer, Head of Equity Brokerage.
Harrison joins C&M with over 25 years experience in financial services. He was previously at MainFirst Bank where he was one of the team of partners responsible for MainFirst's European Equity Brokerage Business. Prior to this Harrison worked for Citigroup/Salomon Brothers, Deutsche Bank, SG Warburg and James Capel.
In his new role Harrison will work closely with Equity Brokerage's Heads of Sales in London, New York and Germany managing all aspects regarding client prioritisation, account management, client reviews, product capabilities and the commercialisation of Brokerage services.
JEFFERIES & CO
Jefferies has announced the appointment of John Bajus as Head of International Electronic Trading Services within the firm's Equities Group. In this new role, Bajus will be based in London and responsible for expanding Jefferies' international equities electronic trading products, including portfolio trading, algorithmic trading and direct market access.
This appointment is the next step in the ongoing expansion of Jefferies' global sales and trading capabilities across equities and fixed income. The equities group, which is focused on the global sales, sales trading, trading and research of equity securities, consists of more than 650 professionals in the US, Europe and Asia.
Bajus joins Jefferies from UBS, where he was a Managing Director and Co-Head of Program and Cash Sales Trading for the Americas. Previously, he spent two years at State Street Global Markets, where he was a Managing Director in charge of institutional global portfolio sales and trading worldwide. He started his career at Bear Stearns, where he was a founding member of the Global Program Sales and Trading desk.
In a further expansion of the firm's Municipal Securities Group, Jefferies has announced the addition of Todd Carnevale as a Managing Director and Head of Municipal Yield Trading. Additionally, Kurt Ahrens joins as a Vice President for Municipal Trading. Both will work closely with James McGinley, Head of Municipal Securities Markets.
Jefferies' Municipal Securities Group is comprised of more than 90 professionals focused on the banking, sales and trading of municipal securities. With professionals located throughout the US, Jefferies offers significant access and coverage in all areas of municipal finance. This announcement also further demonstrates Jefferies' growing strength in fixed income, where the firm now has more than 500 professionals globally focused on the sales and trading of municipal bonds, investment grade corporate bonds, high yield bonds, government and agency securities, repo finance, mortgage- and asset-backed securities, whole loans, leveraged loans, distressed securities and emerging markets debt.
Carnevale joins Jefferies from Barclays and Lehman Brothers, where he spent 24 years as a high yield and distressed municipal trader. As a Managing Director, his primary responsibilities will be trading distressed / high yield structures and lower-rated taxable municipal debt.
Ahrens joins Jefferies from J.P. Morgan, where he spent the past seven years as an institutional bond trader. His responsibilities included analysis and implementation of risk management strategies, leading competitive bidding efforts and managing the municipal group's relationship with the firm's middle markets and private wealth divisions. Mr. Ahrens recently passed Level III of the Chartered Financial Analyst Program and is awaiting his designation as a CFA.
Jefferies also announced the appointment of Julian Smith as a Managing Director and Head of U.K. Corporate Broking. Smith will be based in London, and brings to Jefferies more than 16 years of corporate broking and equity experience. He joins the firm from Collins Stewart, where he was a Managing Director for Corporate Broking. Previously, Mr. Smith spent 15 years at Dresdner Kleinwort in corporate broking and equity capital markets roles, most recently as Managing Director in the Corporate Broking Group.
Morgan Stanley has announced that it has named Paul Price Head of Morgan Stanley Investment Management International Sales. Price will oversee the institutional and intermediary sales, consultant relations and business development teams in Europe, Middle East, Africa, Asia and Latin America. In this new role, Mr. Price will be based in London.
Price most recently served as Global Head of the institutional business at Pioneer Global Asset Management where he successfully increased distribution efforts across various equity, fixed income and fund of funds strategies and was a member of the firm's general and executive committees. Prior to joining Pioneer in 2006, he was head of MFS Investment Management's non-U.S. institutional business from 2000 to 2005 where he developed operations in Japan, Australia, Middle East, UK/Ireland and Asia with a focus on sovereign wealth funds. Previously, Price served as associate director on the fixed income team at Lombard Odier. He started his career in the mid-1980's with Bank of Ireland and during his 12-year tenure held various roles both as a senior dealer and within the Asset Management business.
Nomura continues to strengthen its Investment Banking expansion with the appointment of five Managing Directors in the Natural Resources team based in the Americas. The hires include Michael B. Hill, James DeNaut and Thomas K. Barber from Deutsche Bank, Lori Lancaster from Goldman Sachs and Thomas R. Rosén from Barclays Capital. Their collective mandate is to grow Nomura's already strong franchise and to build client-focused, intelligent, solutions-driven capabilities for clients in the Americas.
Nomura is committed to strategically broadening its Americas Investment Banking client coverage to harness the power and depth of its international resources and deliver them to clients. To achieve this Nomura has started a significant hiring program in Investment Banking which follows Nomura's rapid organic expansion over the past two years in Fixed Income and Equities in the US & Canada.
In addition Nomura has hired Jason Martinez from Deutsche Bank as an Executive Director to drive operations out of Houston. Martinez has a specific focus in the Oil and Gas sector.
To support the client team, Nomura has also hired Eric Withrow, Alvaro Cunto, Eitan Szlak, David Pietruszka, Rajat Sehgal, Ilana Seid, Kanishka Kelshikar, Monika Bansal, Tyler Raugh, Colin Frankenfield, William Hayes, Ben Shapiro, Jerry Tang and Ryan Zboril into the Natural Resources group.
ROYAL BANK OF CANADA
RBC Capital Markets has announced that it has hired Russell King as a Senior Adviser in its Global Investment Banking team.
King joins RBC Capital Markets' growing investment banking platform from Anglo American, where he was Chief Strategy Officer, a member of Anglo's Executive Committee and a board member of Anglo Platinum. Prior to Anglo, King was the Managing Director of Orica Consumer Products, part of the ICI group. He is also non-executive director of Aggreko plc.
Societe Generale Corporate & Investment Banking continues to strengthen its Mergers & Acquisitions capabilities with the following appointments:
Hubert Preschez has been appointed Managing Director and Senior Transactor, based in Paris. He reports to Thierry d'Argent, Global Head of Mergers & Acquisitions. He will notably drive the M&A transaction structuring practice and will also be part of the M&A Leadership Group. Hubert was previously Executive Director within the French M&A team at JP Morgan.
Sylvain Mégarbané has been appointed Managing Director, Head of the Power & Utilities sector, based in London. He reports to Thierry d'Argent and locally to Fiona Paulus, Head of Coverage and Investment Banking UK. Sylvain was previously Executive Director within the European power & utilities team at JP Morgan.
Alexandre Saada, has been appointed Managing Director, covering Financial Institutions for France and Belgium. Based in Paris, he reports to Stefan Goetz, Head of the Financial Institutions sector. Alexandre was previously Managing Partner of S Capital, a corporate finance company he created focusing on financial institutions.
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