Riccardo Banchetti, one of Lehman Brothers leading fixed income bankers in London, is moving up to a newly created job as chief executive officer for Italy as the bank seeks to strengthen its business in the country. For the last four years he has been head of European fixed income sales and chief operating officer for Italy for the last 12 months. His fixed income job goes to David Bizer, who has been head of North American equity sales.
US alternative asset manager The Carlyle Group becomes the latest firm to hire staff from Amaranth Advisors, the US hedge fund manager that collapsed in September, according to Financial News, who quoted the news source as HedgeWorldNews. Scott Davidson, a former Amaranth structured product portfolio manager, John Bailey, an ex-long/short energy equities manager at the firm, and Jaime Gualy join Carlyle Blue Wave, the firm’s new hedge fund unit.
Mervyn Davies, who stepped down as chief executive of Standard Chartered last month, has taken his first post since becoming non-executive chairman at StanChart by joining the board of Fleming Family & Partners, the wealth management group controlled by the banking dynasty. He is taking one of the two seats on FF&P’s board reserved for StanChart executives. StanChart has a 20 per cent stake in the business.
Michael Abbot is to succeed Ron Tauber as chief executive of Robeco-Sage Capital, Robeco’s fund of hedge funds group, says Hedgeweek. Tauber will stay on as a consultant to Robeco-Sage along with the firm’s other co-founders, Bob Friedman and Peter Levy.
