Investment bank Collins Stewart is expanding in New York, and it has been hiring teams of research analysts, according to a report in Crain's. The firm has hired around 60 people in New York over the past year from Ferris Baker Watts Inc. and Jefferies & Co.
Meanwhile, British hedge fund GLG Partners has scooped up former Morgan Stanley bankers Bart Turtelboom and Karim Abdel-Motaal, who are expected to join GLG in October and will become co-heads of GLG's Emerging Markets Fund and two other pools, the firm said in a statement. The pair are not the first big catch for GLG. On Monday, the firm announced the hiring of Goldman, Sachs & Co. partner Driss Ben-Brahim to develop a special situations platform.
There have been up to 83,000 layoffs on Wall Street in the first six months of the year, according to various media reports. Despite the flurry of pink slips, there are still plenty of employment options for investment bankers on Wall Street. Below are some highlights, and for more check out The Deal's Career Center. - Maria Woehr
