A round-up of the latest positions for those in finance, covering investment markets worldwide
BNP Paribas has affirmed its commitment to the high-yield bond market with two appointments to its team.
John Ong, previously head of European high-yield origination and capital markets, has been promoted to global head of high-yield origination and capital markets. He will be based in London. Robert Lambert joins the New York office as head of US high-yield trading. Both will report to Kathryn Swintek, global head of the high-yield group at BNP Paribas.
Ong has worked at the bank since 2000. Prior to that, he was a managing director in the high-yield group at Deutsche Bank following Deutsche's acquisition of Bankers Trust, where he worked for 17 years.
Lambert, who has 10 years experience in the high-yield market, joins the bank after spending six years at SociÃ©tÃ© GÃ©nÃ©rale, where he was head of European high-yield trading.
Euronova Asset Management, an Edinburgh-based European small cap equity specialist fund manager, has hired Greame Davies.
Davies will be based in London and will add research capacity as well as an additional marketing edge. He was most recently head of European equity research at Robertson Stephens. Prior to that, Davies was co-head of the Schroder Salomon Smith Barney German smaller companies team, ranked by Reuters as number one for three consecutive years to 2001.
Standard Bank, the South African retail banking and financial services institution, is launching a private banking operations in London.
Nic Contimichalos has been appointed as head of the new operation, where he will be responsible for clients in Europe, the Middle East and Africa. Previously, he was a managing director of Dresdner Private bank before it merged with Kleinwort Benson Private Bank last year. Contimichalos will report to Robert Leith, new global head of private banking. Leith will co-ordinate the activities of Standard Bank's three other regional private banking operations based in Miami, Hong Kong and Johannesburg.
Standard Bank is not new to wealth management. It already employs some 300 people in Jersey and Guernsey as part of the Standard Offshore Bank Group, and the acquisition of Jardine Fleming Bank in July 2001 gave it a foothold on the Asian private banking market.
The new operation in London will build on the Jardine Fleming acquisition, and will focus on the wealthiest 50% of account holders at Standard Bank's South African retail division.
ABN Amro has promoted Michiel Schwartz to the newly created role of global head of leveraged finance.
The appointment follows the integration of ABN's high-yield and leveraged finance businesses into a single leveraged finance unit.
Schwartz was previously the Dutch bank's country representative in Russia. In his new role, he will be based in London, reporting to Huibert Boumeester, global head of sub-investment grade origination.
Nirukt Sapru, formerly global head of leveraged finance and emerging markets, will relinquish his leveraged finance responsibilities to focus, as global head of emerging markets, on increasing the bank's presence in that sector.
Last November, Sapru, who was responsible for building up the bank's leveraged finance business, hired Bruce Roe, formerly head of mergers and acquisitions finance at Credit Suisse First Boston, as a managing director in the leveraged finance team.
Marion Sears, a former managing director at JP Morgan, has joined PriceWaterhouseCoopers corporate finance advisory board, which was set up near the end of last year.
Sears has spent almost 20 years working in the health care industry. In her new role, she will be working alongside PwC's healthcare corporate finance team, which is lead by Neal Ransome. She will be supporting marketing and transaction execution in the pharmaceutical, over-the-counter, medical device and healthcare services industry segments.
Before joining JP Morgan, Sears was at Robert Fleming, which was subsequently bought by Chase Manhattan and the merged with JP Morgan. While at Robert Fleming, she set and was responsible for healthcare corporate finance for seven years.
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