Market Insight – August 2015 Welcome to “The Baader-Meinhof Phenomena”… by Jon Michel
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SYDNEY MELBOURNE Level 24 Level 5 400 George Street 189 Flinders Lane SYDNEY NSW 2000 MELBOURNE VIC 3000 Tel 61 2 9235 9400 Tel 61 3 9653 8600 Market Insight – August 2015 Welcome to “The Baader-Meinhof Phenomena”… By Jon Michel I recently had the pleasure of working on a really interesting role for one of our clients. Having presented a particularly cracking shortlist, I noticed that three of the top four candidates had ended up on our shores in similar circumstances. They (guys) were all here as a result of meeting and marrying Australian girls who had been travelling overseas… think Contiki tours got a mention at least once! Each couple had initially settled and had children abroad (Europe/US) and then, largely due to those Aussie girls wanting to be closer to family and bring up the kids here, they had relocated to Australia. Put it this way, the move was not driven by career priorities but instead by family and lifestyle considerations. Anyway, since that shortlist construction, I seem to keep bumping into people who have ended up here through the same scenario. Now, I’d always called this the ‘Pink VW’ syndrome: i.e. you see one pink Volkswagen, then as it sits in the forefront of your consciousness, you continually seem to register them as you go. Well, it does exist but it’s actually called the Baader-Meinhof phenomena. Seriously, Google it. A bizarre choice, referencing it to an urban German terrorist gang of the 1970’s... go figure. Apart from you now being prepared when this topic inevitably comes up in your next Trivial Pursuit quiz, I also wanted to highlight the excellent talent pool that us recruiters get to tap into as a result of such offshore unions and subsequent relocations down under. Makes my job easier and our clients happier for sure… Moves and Restructures Corporate & Investment Banking James Gibson has been appointed country head of Australia & New Zealand at BNP Paribas moving from Hong Kong, replacing Didier Mahout who will relocate to Budapest as Head of Central Europe. Duncan Hogg ex JP Morgan, has joined Barclays as Head of M&A. Wayne Kent who was Macquarie’s Global Head of ECM up to 2011, has joined Credit Suisse as Vice Chairman, Australia. David Addis has joined Ernst & Young in Brisbane as Head of M&A. Hamish Whitehead has left Deutsche Bank for Citi, where he will be Managing Director, ECM. Investec has seen the departures of Colin Young, Henry Foster (heading for Luminis Partners), Matthew Liston, Dean Milner (joining Miles Corporate) & Hiro Shimada (heading to Nomura). Scott Couzner of UBS, has been appointed as Head of M&A with HSBC. He previously held the role of Head of M&A Southeast Asia with UBS. Benedict Connolly, previously with Deutsche Bank in London, has joined Citi’s Real Estate team as a Director. Mick Zheng, previously with Citi, has joined JP Morgan as Vice President. He is based in Melbourne. Michael Baruffi has departed Citi to join Morgan Stanley as a Vice President in the Energy team. Sam Japary has joined Moelis & Company as an Analyst, he was previously with Diogenes Research. Tristan Evans, previously with Credit Suisse Melbourne as Vice President, Energy, Utilities & Infrastructure has joined Morgan Stanley. Nick Laming has joined Deloitte as Associate Director, Capital & Debt Advisory. He joins the firm from GE Capital. To unsubscribe please respond to email with ‘unsubscribe” in subject line. SYDNEY MELBOURNE Level 24 Level 5 400 George Street 189 Flinders Lane SYDNEY NSW 2000 MELBOURNE VIC 3000 Tel 61 2 9235 9400 Tel 61 3 9653 8600 Henrik Wennerstrom, previously with CIBC, has joined Commonwealth Bank as Associate Director in the Client Advisory Solutions team. Leon Dowman, an Associate with CIMB, has joined Canaccord Genuity Limited as Associate. Anita Chow has joined UBS in Melbourne. She was previously with Level 3 Communications and Jefferies International in London. Jason Douglas ex RBS has joined BNP Paribas as Managing Director Corporate Banking. Coral Lou joins Citi as a Relationship Associate from Deloitte. Milton Barone has joined SMBC as Vice President, Trade Finance. He joins from Rabobank. Neil Fraser joins Commonwealth Bank as Director Utilities & Energy, having previously been with RBS in client management & debt origination. Peter King also joins SMBC in Corporate Finance as Senior Vice President. He was previously at NAB in a range of senior roles. Andrew Clements has joined Commonwealth Bank as Senior Associate, Institutional Client Coverage. He was previously with RBCCM. David Graham has joined EFIC from Infrastructure Capital Group where he was Director, Institutional Loan Markets. Charlie Perrignon ex JP Morgan, has been appointed as Executive Director & Head of Resources Coverage with Commonwealth Bank. Matthew Johnson, previously with BNP Paribas as Director, Fixed Income, has joined NAB as Director, Funds and Insurance. Ian Slater has joined Nomura’s Leveraged & Acquisition Finance team as an Associate from ANZ. Private Equity & Principal Investments Fay Bou has joined Allegro Funds, he was previously with PAG Asia Capital. Vlad Vakoulitchev has joined Affinity Equity Partners, he was previously an Analyst with JP Morgan. Rahim Chunara, previously with Goldman Sachs & Marcus MacLean, previously with PwC, have both joined Arowana & Co as Investment Executive & Investment Analyst respectively. Samara Insoll has joined Mercury Capital as an Investment Analyst, she was previously with Goldman Sachs. Global Markets, Equities & Treasury Richard Kimber, formerly CEO, Global Markets at ANZ has taken on the role of CEO & MD at OzForex. Rob Snow of Deutsche Bank, joins Wilson HTM as Head of Capital Markets. Conrad Anderson has joined Petra Capital, he was previously with Argonaut Capital as Executive Director, Corporate Finance. Jason Todd joins Macquarie as Head of Equity Strategy & Macroeconomic Research, replacing Tanya Branwhite, who left earlier in the year to join Future Fund’s Listed Equities team. Jason joins from CIMB Hong Kong. Darren Ryper, who was Managing Director, Treasury & Market Services with RBCCM, has joined Bank of Communications as Head of Treasury. Kenneth To, previously with Barclays as Director, has joined ANZ as Head of Institutional Derivatives Sales Australia, Global Markets. Martin Kemp of Deutsche Bank has joined Morgan Stanley as head of its derivatives team in Sydney. Scott Favaloro has joined Evans & Partners’ ECM team. He was previously with Macquarie Bank. Sally Choi has joined Commonwealth Bank from JP Morgan as Director, Retail Fixed Income, Debt Capital Markets. Michael Bailey ex RBS, has joined HSBC as Director, Debt Capital Markets. Jodi West, previously Head of Corporate & Institutional Market Sales with NAB, has joined ANZ as Head of Institutional FX Sales. Kylie Robb previously with Goldman Sachs as Executive Director, Derivative Solutions has joined Commonwealth Bank’s Treasury group. Stewart Palmer of BBY Ltd, will be setting up Euroz’s Sydney office. Tim Wilson also joins him from BBY Ltd. Andrew Buncombe, previously a Consultant at Aon GRIP Solutions, has joined Macquarie’s Equities Research team as an Insurance & Diversified Financials Analyst. Ben Nelson, previously in institutional equity research sales with RBCCM, has joined Citi. Grant Bush, previously Head of Capital Markets & Treasury, has joined Queensland Treasury Corporation. To unsubscribe please respond to email with ‘unsubscribe” in subject line. SYDNEY MELBOURNE Level 24 Level 5 400 George Street 189 Flinders Lane SYDNEY NSW 2000 MELBOURNE VIC 3000 Tel 61 2 9235 9400 Tel 61 3 9653 8600 Funds Management Distribution Trent Fitzgerald has been appointed as National Sales Manager with Fidante Partners. He was previously with Rubik Financial. Angelo Verco has joined Neuberger Berman as Head of Client Services & Relationship Manager, from JP Morgan. Ryan Durance, formerly of Schroders in London, has joined Bennelong Funds Management as Director of Distribution, Institutional. Vivienne Lee has joined Grant Samuel Funds Management as Senior Manager, Institutional Business. Previously, she held roles with Perennial & ICG. Catriona Noble has been appointed as Managing Director, Retail Distribution at ANZ. She joins from McDonalds where she was CEO, Australia. Jeremy Browne has been appointed as Managing Director of the Australia client group with AllianceBernstein, he joins from Arrowstreet Capital. Rosa Huddy joins Legg Mason, Melbourne as Director of Sales. She joins from Perpetual where she was Regional Manager of NSW & QLD. Mark Jordan, ex Perpetual , joined Magellan Asset Management as a Key Account Manager. Brian Zanker has joined Mercer as Sales Leader, Investment & Financial Services. Prior he held roles with JANA & MLC. UBS has had new appointments with James Duck (ex Fidante Partners) joining as Director, Institutional Business Development, Vasco Gil (ex Russell Investments) joining as Director, Product Development & Management & Jennifer Alker (ex Fidelity) as Marketing Manager. Tim Yule has joined Mason Stevens as Head of Distribution from UBS, where he was National Head of Sales. Investments Hugh Dive has joined Aurora Funds as Senior Portfolio Manager, he was previously with Philo Capital Advisers as Head of Listed Equities. Edward Smith has joined Legalsuper as Chief Investment Officer. Prior he was Head of Portfolio Management at Australian Unity. Tim Rocks has been appointed Head of Market Research & Strategy at BT Investment Solutions. He joins from CBA. Scott Lawrence,