eFinancialCareers

Deutsche Bank said it hired Paul Stefanick, the chairman of Merrill Lynch's global mergers and acquisitions group, to head its global industrials group. Stefanick will join Deutsche Bank in New York in January 2009 and report to Jacques Brand, co-head of global industry coverage. In his 20 years at Merrill, Stefanick advised on divestitures, recapitalizations and other transactions in the industrials and technology sectors globally. He is a graduate of the... Read more

Citadel Investments said it hired Timothy Bryan Wilkinson, John Alexander Goodridge and Alex Maddox, moves that will expand the firm’s capabilities in global fixed income. All three join the Chicago hedge fund from Lehman Brothers. Wilkinson served as head of fixed income proprietary trading at Lehman and will join Citadel’s proprietary trading group along with John Alexander Goodridge, also from Lehman. Alex Maddox was named Citadel’s head of securitized products... Read more

Chicago-based Mesirow Financial International said it hired John Collins and Dermot Kegan for London-based roles within its alternative investments subsidiary, Mesirow Advanced Strategies. Collins joins the firm as a senior analyst focused on European hedge fund manager research. He was a senior investment consultant at Watson Wyatt, leading research on multi-strategy funds as a member of the global long/short equity team. Keegan will lead Mesirow's UK and continental Europe client coverage... Read more

Evercore Partners said it hired Jed Sherwindt from Citigroup as senior managing director in its advisory business. He will advise technology companies and be based in Evercore’s San Francisco office. Sherwindt joins the boutique investment bank from Citigroup where he was a managing director and head of the global software investment banking group. At Citigroup, he worked on several major technology transactions, including PeopleSoft in its sale to Oracle and... Read more

James E. Scott has joined Cadwalader, Wickersham & Taft's New York office as special counsel in the financial regulatory practice. He joins from Citigroup, where since 2001 he served as assistant general counsel, handling regulatory aspects of domestic and international restructurings and mergers and acquisitions, and supporting the bank’s emerging markets mortgage and auto finance businesses, global compliance, and privacy offices. Scott specializes in bank regulatory and policy matters. Before... Read more

Deutsche Bank promoted Mark Fedorcik to head of leveraged capital markets, responsible for leveraged finance, high yield, loan capital markets and loan trading and sales businesses globally. He was U.S. head of high yield and leveraged loan capital markets. Fedorcik replaces David Flannery, who left in August to take the same role at Bank of America. According to Leveraged Finance News, the move is part of a complete overhaul in... Read more

Citadel Investment Group is capitalizing on Wall Street’s shakeup by naming Tobias Gehrke and Anita Nassar to spearhead the fund’s international growth plans. The two will serve as co-heads of international distribution and marketing, and lead its fundraising efforts in Europe, the Middle East, and Northern Africa. Both join the firm from Merrill Lynch, acquired yesterday by B of A for $50 billion, where they headed government institutional sales. Nassar... Read more

Royal Bank of Scotland said it hired Christiane Mandell from Bank of America as head of FX and local markets trading for the Americas, a new position that rounds out RBS’ senior management team in its U.S. sales and trading business. Mandell led the global foreign exchange group at Bank of America. In her 18 years there, her past roles included head of investor client management for debt and equity, head... Read more

Even in today’s shrinking economy, some career coaches say liberal arts degrees can still pave the way to a successful career in financial services. Former Merrill Lynch campus recruiting head Connie Thanasoulis told the New York Daily News that the skills obtained in English literature and other arts degrees can be an ideal training ground for finance and management. She points to a job like a research analyst, heavy on writing,... Read more

Ex-Bear Stearns executives continue to land high-level roles with hedge funds. Capital Z Asset Management said late last month it hired James M. Marrone, Jr. as chief marketing officer, a new role designed to strengthen sales and hedge fund sponsor services. He'll provide strategic direction for sales, marketing and product development while supporting Capital Z’s sponsored managers in marketing and new business initiatives. Marrone led corporate institutional sales efforts at Bear... Read more

Bankers and traders no longer needed on Wall Street increasingly are being given another option – move overseas. Big investment banks are moving both key executives and some of their most junior employees to Asia, the Middle East, Europe and Latin America, the New York Times reports. While such transfers in part reflect cost-cutting pressures, banks also are fortifying their businesses beyond New York and London in order to take advantage... Read more

Robin Marshall is a U.S.-based partner at 3i, a private equity firm headquartered in London, working in the firm's Growth Capital Group. As one of the founders of 3i's U.S. Growth business, he recruited a team of 20 that has invested in transactions worth over $4.5 billion to date. Marshall specializes in growth and buyout transactions and sits on the boards of Quintiles (a pharmaceutical research company) and the Association... Read more

Duff Capital Advisors added two new investment teams and several senior executives, as the institutionally-focused alternative investment firm continues its expansion since launching in March of this year. Vedula Murti joined the New York office and will lead a new team investing in long/short opportunities in the utilities and merchant power sectors. He was a senior portfolio manager at Tribeca Global Management. Before that he worked at SAC Capital Management.... Read more

New York's attorneys have long commanded the highest salaries in the country for their profession, but a recent survey indicates the rest of the pack may be catching up. According to the American Lawyer's AM Law 100 survey, salaries for mid-level associates in New York were flat in 2008 compared with 2007, while their colleagues in Boston and Chicago saw pay increases, reaching the national median of $230,000. Still, none of... Read more

HSBC Securities hired Evan Hazell, a top energy investment banker, to be a managing director in its Calgary office, reports the Globe and Mail. Hazell leaves Citigroup, which had scaled back plans to expand its energy coverage because of the credit crisis. Before joining Citi, Hazell worked at Harrison Lovegrove, an advisory firm specializing in energy, and RBC Dominion Securities. Hazell is one of several new additions at HSBC, which has... Read more

Chicago investment firms are finding tough times on Wall Street present a ripe opportunity to expand. Despite large swaths of layoffs in New York, firms like Mesirow Financial are in a recruiting mode, according to the Chicago Tribune. The firm is in talks with more than 30 financial professionals as it seeks to hire traders, bankers and investment managers. It's already hired several former Bear Stearns executives, including Dominick Mondi, former... Read more

UBS named John Holland and Martina Slowey as co-heads of European prime brokerage. Holland most recently served as global chief operating officer of the bank's cash-equities business. Slowey was global head of prime-brokerage sales, a role she will retain. The Wall Street Journal reports that both will be based in London and will serve as replacements for Robert Munro, who went on sabbatical in April. In recent years, UBS has sought to... Read more

Barclays Capital said it hired James J. Paris from Deutsche Bank to head its paper and packaging banking group, based in New York. As a managing director in the leveraged finance group at Deutsche Bank, he originated, executed and structured transactions for financial sponsors and corporate clients in the paper and packaging sector. Paris began his career as an associate at Cravath, Swaine & Moore. He received a law degree from... Read more

Sure, the sub-prime mess probably means it will be a while before there's resurgence in credit jobs. But if you read beyond the headlines, the future may be bright after all. Lost in Wall Street's stream of billion dollar write-offs are big-picture themes like globalization and regulation, which continue to produce opportunities for financial professionals, writes Andrea Kay, author of Life's a Bitch and Then You Change Careers: 9 Steps to... Read more

New York Governor David Paterson estimated that Wall Street bonuses will shrink 20 percent this year, severely denting the state's financial outlook. The 20 percent figure is within the range of estimates released earlier in 2008 by private-sector forecasters such as Johnson Associates. Despite the housing slowdown last year, Wall Street professionals raked in $33.2 billion in bonuses for 2007 - only slightly below 2006's $33.9 billion, according to the... Read more