People: Merrill Lynch, Dresdner Kleinwort, Jefferies, MilleniumAssociates

Merrill Lynch’s Global Private Client group has hired three wealth advisers from Cazenove Capital Management. Annamaria Lovell, Tim Bailey and Andrea Di Nisio join as portfolio managers early next year and will focus on the UK and Continental Europe. All three also worked at Schroders earlier on.

Rick Weinstein head of credit derivatives at Dresdner Kleinwort is the eighth managing director to leave in a wave of redundancies at the investment bank, says Financial News. His departure follows other structured credit bankers, including Jeremy Vice, head of collateralized debt obligation.

US-based investment bank Jefferies has lured away three bankers from HSBC to be managing directors to boost its business in transportation, oil services and infrastructure. Anne-Christin Dovigen was co-head of HSBC’s London based shipping team, while Nick Davies was director of the global industrials group and head of maritime investment banking. The third to move is Andrew Meigh who was previously director of equity capital markets and head of transport equity capital markets.

Fund managers are pulling out the stops to attract graduates in the biggest recruitment drive since the 1990s says Financial News. According to the Association of Graduate Recruiters nearly 4,000 graduates have been recruited this year by investment banks and asset managers, double last year’s total. The online agency said the biggest recruiters are Deutsche Bank, Goldman Sachs, Merrill Lynch, JP Morgan and Morgan Stanley.

Swiss based independent M&A adviser MilleniumAssociates has landed investment banker Erik Wetter who has worked at Schroders and Lazard on M&A transactions across Europe, as a senior international adviser.