Swings and roundabouts at Australia's investment banks

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As strong economic conditions keep pushing banks to look for top staff, it has been a busy week in Australia's investment banking scene with some key people moves.

The Australian Financial Review reports that Citigroup's head of mergers and acquisitions, John Hanson, is heading to Merrill Lynch.

Merrill's Geoff Brunsdon, managing director and head of investment banking at Merrill Lynch, has also snapped up Greg Quinn from Goldman Sachs JBWere and Michael Richardson also from Citigroup.

Citigroup in turn has also been hiring. The paper says the bank has made three senior hires into its investment banking division in Australia. Joining Citigroup is Clayton Daley from PricewaterhouseCoopers, Quentin Law from NM Rothschild & Sons, and Richard Long from Deutsche Bank.

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