Barclays Capital aims to increase staff levels by up to 3,000 people globally in the next three years, according to headhunters. In Europe, structured finance and credit derivatives staff will be among those sought.
Barclays confirmed it has plans for rapid growth but declined to give numbers. It currently employs 5,700 people.
Conditions were less rosy at ING, the Dutch financial services group, which warned last week that jobs remained at risk this year and said the future of its equities division is uncertain.
HSBC was at the forefront of hiring activity in the past week as it continued to build its investment banking operations.
HSBC hired Scott Dickens from Bear Stearns. Dickens joins as a managing director and head of asset-backed securities and structured bonds for Europe. HSBC has more than 20 people in its European asset-backed bond team and has ambitions to become one of the leading players in the regional market. Jon Bottorf, global head of structured bonds at the bank, said it was beefing up the team.
HSBC also hired eight bankers to strengthen its convertible bond, emerging market, and credit trading teams. Seven came from Crédit Lyonnais, including a team of four convertible bond bankers, and Philippe Halb, global head of convertible bonds at the French bank.
HSBC hired Andrew Dell from ING as managing director and head of emerging markets for EMEA and Latin America, as well as a co-head of corporate credit trading and a senior trader in its corporate credit trading group.
It emerged that Crédit Agricole, the French Bank, has cut 138 positions out of 870 at CLC bourse, its institutional business and retail division. A source close to the bank said the cuts were part of a plan to cut 4,600 jobs following the consolidation with Crédit Lyonnais last year.
Fund managers were busy hiring. Deutsche Asset Management hired three senior staff for its European fixed income team. Philip Payne joined from GAM, the UBS-owned asset manager, as a fund manager. Harry Malandri joined from Medley Global Advisors as a fund manager in the rates group. Neil Williamson joined from HSBC as a credit specialist.
GAM announced a new chief executive: David Solo replaced Burkard Poschadel, who became vice-chairman. Solo was previously advisor to the board and a former chief operating officer of global investment banking at the UBS Group.
A-P Fonden 3, the Swedish National Pension fund, lost Mats Andersson, a fund manager, to Skandia Liv, the life arm of Skandia. Andersson joins as head of its asset management business.
Old Mutual Asset Managers hired Charles Bathurst to head its hedge fund distribution business. Bathurst joins from Lion Capital Advisors, a private equity firm. Earlier in May Old Mutual lost David Ross, a senior fund manager and three of his six-person team, who left to form a hedge fund.
Putnam Investments hired Jillert Blom as senior vice president and international account manager to lead its institutional business development and client services in the Benelux region. Blom was co-head of institutional asset sales at Robeco Asset Management.
George Möller, former chief executive of Euronext Amsterdam, the derivatives exchange, resurfaced as chief executive of Robeco, the fund management arm of Rabobank. Möller left Euronext in March and will begin at Robeco in July.
Toby Wyles, former co-head of Apax Partners' European buyout group, also resurfaced, this time at Sagitta Private Equity, a UK mid-market buyout firm. Wyles left Apax in May last year. Sagitta also hired Duncan Calam from Bridgepoint Capital, a rival firm.
There were a handful of senior investment banking job moves. Lehman Brothers recruited Anthony Fry from CSFB as head of UK investment banking. Commerzbank lost James Kinglake, head of equity sales in London. A source close to the bank said Kinglake had left to pursue other interests.
Numis, the UK corporate broking and advisory firm, hired Christopher Wilkinson, a former managing director at DrKW, as a director in its six man corporate broking team.
NewSmith Capital, the UK investment bank, hired Trevor May, an insurance specialist from Citigroup. May will join the corporate advisory wing.