Tokyo's Nomura Holdings Inc. is skittish about losing dealmakers as it picks up Lehman Brothers Holdings Inc.'s bankers in Europe, India, the Middle East and Asia-Pacific. And Asia-focused U.K. bank Standard Chartered plc is confirming those fears, having
hired six of them from Lehman since August.
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Standard Chartered hired Christian Wait as global head of capital
markets, based in Singapore. Wait spent his entire 23-year career at
Lehman Brothers in New York and London, most recently as global head of
credit sales, based in New York.
A Financial News report said a
day earlier the bank grabbed Arun Murthy, the former head of Lehman's
commodities trading team in Singapore, as its global head of energy.
Traders Michael Slater and Abhinav Jain joined with him.
The
report said Standard Chartered recently hired Sarab Bhutani from Lehman
Brothers as a senior banker for its mergers and acquisitions division
that oversees financial sponsors, based in Hong Kong. Earlier, Bhutani
headed the financial sponsors group in Asia for Lehman. Also, Cyril
Youinou came over as director of energy derivatives in Singapore.
Lehman
isn't the only one getting picked on. Standard Chartered also grabbed
Goldman, Sachs & Co. partner Peter Wheeler as head of wholesale
banking in the West. Wheeler established and built Goldman's investment
banking presence in Asia outside of Japan starting in 1991, and became
a partner of the firm in 1994. The Financial News article also said the
bank took Credit Suisse Group's Lennart Augustsson as a developer in
the modeling and analytics group for financial markets; Deutsche Bank
AG's Vinod Aachi as global head of structuring; and Bear Stearns Cos.
Vincent Van Pelt as global head of equity derivatives and commodities.
On
the prospect of more hiring to come, spokeswoman Li Ling Soon said, "We
are reviewing talented people who have become available due to market
dislocations and potential hires will accelerate building this
capability." -
Baz HiralalRead the newsweekly Dealmakers section
Comments
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