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Citi’s new banking head hires ex-JPMorgan global head of ECM
Citigroup hired former JPMorgan Chase & Co. banker Achintya Mangla in a newly created senior role. Mangla, the former global head of equity capital markets at JPMorgan, will join Citigroup as head of financing for investment banking on Wednesday, according to a memo sent to staff by head of banking Vis Raghavan and seen by Bloomberg News. He’ll be responsible for the bank’s global debt and equity capital markets, as well as syndicate and private capital markets.
Balyasny hires Goldman Sachs’ Aditya Singh as macro portfolio manager
Dmitry Balyasny's hedge fund has hired former Goldman Sachs director Aditya Singh as a macro portfolio manager. Singh will join Balyasny Asset Management's London office in November, according to people familiar with the matter.
Stephens institutional equity research adds veteran analysts
Stephens is expanding its Equity Capital Markets division by hiring new equity research analysts and elevating experienced talent from within: Brett Huff – Application Software; Daniel Imbro – Transportation; Kyle Joseph – Specialty Finance; Jeff Lick – Consumer (Automotive and General Consumer); Melissa Roberts – Strategic Opportunities & Index Rebalancing; Pooran Sharma – Consumer (Food, Agribusiness, and Grocery/C-store sectors).
HSBC global sales head Allegra Berman leaving the bank
Allegra Berman, global head of institutional sales at HSBC, is leaving the bank at the end of September, according to an internal memo seen by Reuters on Tuesday. Chris Georgs, COO for institutional sales, will coordinate the bank's sales activities until a successor to Berman is announced, the memo said.
MUFG plans hiring spree in push to bank more European startups
Mitsubishi UFJ Financial Group is planning to hire seven bankers in its London office as part of a new push to bank more technology startups. The hires will be part of a new growth and middle market and technology banking team focused on Europe, the Middle East and Africa, said Bob Blee, who leads that business for MUFG globally. Already, the company hired Bank of Ireland’s Adam Ball to lead the new franchise.
Citadel Securities, Jane Street on track for record revenue haul
Citadel Securities and Jane Street Group, two of the largest market-making firms in the US, are on track for record annual revenue hauls as they further encroach on the big banks’ trading territory. First-half net trading revenue rose 81% to $4.9 billion from the same period a year earlier at Citadel Securities, and gained 78% to $8.4 billion at Jane Street, according to people familiar with the matter, both well ahead of the pace needed for an all-time high annual total.
Sixth Street buys TPG partners’ stake at $10 billion value
Sixth Street repurchased the stake in the firm owned by partners at TPG in a transaction valuing the alternative-asset manager at about $10 billion, a person with knowledge of the matter said. Sixth Street paid more than $1 billion last month as it exercised an option to repurchase the stake. The deal was prompted by TPG becoming a direct competitor to Sixth Street through the purchase of credit firm Angelo Gordon, which was completed in November.
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