Hoping for a new front office banking job in 2018? Banks are already lining people up to fill the holes. These are the bankers (and traders) who will be busy hiring next year.
1. Anthony Abenante, global head of electronic products at Credit Suisse
Credit Suisse hired New York-based Abenante in July 2017. The former Instinet CEO has already set about building a new team. adding Gerry Milligan - another Instinet veteran in November. Headhunters say further recruits are expected, even though Credit Suisse CEO Tidjane Thiam has indicated that the bank is likely to relax hiring in equities next year while it waits for results of its existing investment to come through.
2 Rob Crane, global head of cash execution, HSBC
Crane joined HSBC as global head of cash execution in July. The bank said at the time that he had a mandate to, "transform and enhance the electronic platforms at HSBC." New hires are expected as Crane settles into the new role.
3. Bruce Thompson, head of European global banking and markets, Bank of America Merrill Lynch
Thompson isn't new to Bank of America Merrill Lynch, but he is in a new place there. The U.S. bank has made Thompson - a former CFO and ex-head of its capital markets division - the head of its new post-Brexit EU business, based in Dublin. BAML hasn't said precisely how many people it will locate in the growing Dublin office, but Thompson is likely to have a mandate to hire. If you want to move to Ireland, he's the man to know.
4. David Ross, co-head of EMEA leveraged finance, Credit Suisse
Leveraged finance was big in 2017. In September, Credit Suisse poached David Ross, the former EMEA co-head of leveraged finance at BAML. Expect some movement next year as Ross gets established in London.
5. Mike Paliotta, chief executive of Evercore ISI
Credit Suisse spent 2017 building up its equities business. Mike Paliotta may spend 2018 picking it apart again.
The former head of equities at Credit Suisse, Paliotta became chief executive of Evercore ISI in September 2017 (although started at an unspecified later date after his remaining commitments to Credit Suisse had been discharged). ISI is Evercore's growing equities business. Paliotta spent 18 years at Credit Suisse and can be expected to turn to his old employer as he establishes himself at his new one.
5. Stephen Dainton. global head of equities, Barclays
Paliotta won't be the only one hiring equities professionals out of Credit Suisse in 2018. A former head of European equities at Credit Suisse, Dainton joined Deutsche Bank as global head of equities in August 2017 and is likely to cherry pick his favourite staff from his former employer.
6. David Posen, global head of emerging markets sales at Deutsche Bank
Posen isn't new to Deutsche, but he does have a few gaps to fill. Posen hired in Ken Reich as EMEA head of emerging markets sales in September, but Reich left inexplicably in late November. At the very least, Posen will need to replace him next year.
7. Peter Selman, global head of equities at Deutsche Bank
Peter Selman is the man to watch in 2018. The former Goldman Sachs co-head of global equities trading was hired by Deutsche Bank in November 2017. Selman has yet to arrive at DB and his intentions are unclear. However, changes seem inevitable given that Deutsche's global equities revenues fell nearly 16% year-on-year in the first nine months of 2017.
8. Mike Blum, CTO of electronic trading, Goldman Sachs
Goldman is trying to upgrade its electronic execution business and Blum is the main with the hiring mandate as it does so. He joined as a partner in October 2017 after previously worked for KCG, and can be expected to make other technology hires next year as he becomes established.
9. Daniel Kaye, head of cash execution and sales at Macquarie Europe
Kaye is yet another man who'll be hiring from Credit Suisse. He joined Macquarie in August 2017 after 17 years with the Swiss bank and is understood to be building out an electronic trading platform there. Kaye has already demonstrated a predilection for hiring from his former employer with the addition of a team of Credit Suisse program traders in November.
10. Robin Phillips, global head of banking, HSBC
Following the unexpected departure of Mathew Westerman from HSBC, all eyes are on Robin Philips, now the sole head of global banking there. The unpopular Westerman made numerous big hires during his time at HSBC. Next year will clarify their willingness to hang around in his absence. Phillips may also want to make some hires of his own.
11. Reid Marsh, head of banking for Europe, Asia and the Middle East at Barclays
Marsh isn't new to Barclays, but he is new to Barclays in Europe. The former head of Barclays' Asia Pacific operations became Barclays' head of banking for EMEA, Asia and the Middle East in October, 2018 will be his opportunity to shape the business.
12. Zara Peerbhoy, head of fixed income for Mizuho International
Peerbhoy is another Credit Suisse veteran, although she'll be hitting on fixed income rather than equities. She joined Mizuho in London in November and is expected to build out the business over the next 12 months.
13. Fred Jallot, EMEA head of global markets, Nomura
Jallot joined Nomura as head of global markets in July 2017 and has already set about hiring in new people. Before coming to Nomura, Jallot spent around a decade at Citi, where he was most recently head of credit trading for EMEA. Predictably, therefore, Citi is Jallot's preferred hunting ground as he builds his team. His most recent recruit was Omar Ghalloudi, the former head of investment grade credit trading at Citi. Headhunters suggest Ghalloudi himself will bring in new people in the new year.
14. Javier Oficialdegui head of corporate client solutions in Europe, the Middle East and Africa at UBS
Oficialdegui isn't that new to UBS. A long term ally of Andrea Orcel, he joined the Swiss bank in 2012 from Bank of America Merrill Lynch (BAML), along with Orcel himself. Orcel has now rewarded that loyalty: Oficialdegui was promoted as head of UBS's EMEA advisory and underwriting business in November 2017. Orcel has said UBS is slowly adding M&A bankers and headhunters say there are various gaps in UBS's ranks following exits like Tobias Wagnert to UBS in August.
15. Shannon Garber, head of fixed income trading for EMEA at TD Securities
Garber is also nothing new in his role: he's been at TD Securities in London for around 12 years. However, headhunters say he's worth watching in 2017 as he builds out TD's team. Deutsche Bank is said to be a favourite hiring ground.
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