Search firm Veni Partners has produced a very long list of all the most significant senior banking job moves globally since May. During this time, a surprising number of senior bankers have jumped into new roles. We've whittled down Veni's list and identified 13 recent appointments/groups of appointments which suggest where you might be able to unearth 'hidden jobs' in financial services. They're listed below. Act now and you might even be able to move before autumn arrives.
1. Aon Benfield Securities is building its 'strategic advisory' unit
In May, Aon Benfield Securities, the investment banking division of reinsurance firm Aon Benfield, hired Nick Triggs, the former head of investment banking for Keefe Bruyette & Woods in London, into a new 'strategic advisor' post.
Aon has also been hiring senior investment bankers in the U.S. and says it wants to increase its ability to advise on, 'strategic advisory assignments, including mergers and acquisitions, insurance and reinsurance company formations, and capital raising initiatives.'
Reading: Approach Aon Benfield if you're a junior financial institutions group banker in search of something new.
2. Berenberg has hired a couple of equity researchers, and still has many more hires to go
Back in February, Berenberg said it wanted to hire 30 equity researchers in London over the next two years. Since May, Veni says it's hired two. They are Adam Hull, who joins as a senior equity research analyst from West LB, and Roman Mathyssek who joins as a senior equity research analyst from IHS Global Insight. Both cover the automotive sector.
Reading: Approach Berenberg if you want a new job in equity research, although not necessarily if you cover the automotive sector as this now looks catered for.
3. Equity researchers are quitting for investor relations consultancies
The job market for equity researchers hasn't been great. If you're an equity researcher who doesn't want to move to Berenberg, you could always try investor relations. In doing so, you'd be following in the footsteps of Iain Daly. Daly was previously head of equity research at Canaccord Adams but has switched to become a consultant at Broker Research, an investor communications consultancy firm.
Reading: There are opportunities which are outside banking altogether.
4. Citi has been hiring in oil and gas
While other banks have been cutting in commodities, Citigroup has been hiring in commodities. In the past two months, Veni says Citi's hired four people for its London power and gas sales team. They are: Branko Pribicevic from Vitol, and Diana Beverly, Benjamin Davis and Colin March from Goldman Sachs, Macquarie and Morgan Stanley respectively.
Reading: If you want a commodities job, Citi is the place.
5. Deloitte is expanding its global financial advisory practice
Deloitte has decided that there are big opportunities in the financial advisory business. In June, it promoted Timothy Mahapatra as global head of a UK based financial advisory practice. Mahaptra said: "I am confident that we are well placed to scale the business and achieve our global strategic priorities.” This seems to suggest Deloitte will be hiring.
Reading: If you're a FIG banker who wants to get out of banking, try Deloitte.
6. Energy Transfer hired Jamie Welch
Jamie Welch, the former head of EMEA investment banking and global co-head of energy banking at Credit Suisse, got out of banking and has gone to work for a client. Welch was hired by Energy Transfer, a company with which Credit Suisse had worked on eight deals in three years. Welch was reportedly given a salary of $550k and a huge $45m stock bonus.
Reading: Forget applying for banking jobs, start focusing on opportunities with your clients.
7. Fr Conseil, a new French advisory boutique is opening
Veni's report says that François Rubichon, the former CEO of Aéroports de Paris, has set up his own advisory firm based in Paris called Fr Conseil. Rubichon doesn't appear to have a website yet.
Reading: If you're a French speaking junior banker in need of experience, track down Rubichon and offer to become a stagiaire.
8. Hosking & Co, a new asset manager, is opening in Dublin
Jeremy Hosking, one of three founders of Marathon Asset Management, is reportedly opening a new Dublin based fund manager, 'Hosking & Co.' He's hired Django Davidson, formerly a partner & portfolio manager at Algebris Investments. Davidson will be based in London.
Reading: Hosking has pedigree. This is your chance to get in at the start.
9. Isos Finance, another new French advisory boutique, is opening
Pascal Poupelle, former CEO of RBS France, has also set up his own advisory firm
Reading: See point 7.
10. Marex Spectron has been hiring
In January we identified brokerage firm Marex Spectron as one of the organizations likely to hire this year. In the past two months, Veni says Marex has hired three people for its London FX team. They were Keith Mash and Paul Spillman from Newedge, and Peter Snasdell from CIBC. Marex is also looking to increase headcount at its brokerage in Singapore and has been adding to its equities broking team.
Reading: Marex looks like an unusual beast - a brokerage firm in expansion mode. Send your CV while it lasts.
11. Mirabuad & Cie is lauching an M&A group
Swiss private bank Mirabaud & Cie is moving into M&A. Veni says it's launching an M&A advisory group in expectation of a rebound in Europe's depressed deal making environment. Even better, the new team will be based in London. Mirabaud has hired a four man team from Europa Partners to lead the new business.
Reading: Mirabaud is likely to have filled senior positions with the bankers from Europa. It may be looking for analysts and associates, however.
12. Spire Europe has a new European CEO
High frequency trading firm Spire Europe has a new European CEO. Alan McGroarty will be the first CEO of the firm’s European arm according to Veni, and will be based in London.
Reading: McGroarty will want to make an impression on the European business. If you want to work in high frequency trading, send your CV and a letter congratulating him on his new job.
13. Wedge Private Capital, a new investment firm, has been set up by two former Lazard bankers
Gianfranco Ponti and Laurent Rossetti, both former bankers at Lazard, have set up Wedge Capital - a new investment firm focused on special situations and restructurings in Europe. Rossetti is the current co-head of European restructuring at Lazard and is therefore well placed to make this succeed.
Reading: This is a chance to get in at the start at an interesting investment firm with big potential as the situation in Europe worsens.
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