On The Move
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On The Move

The following is a list of prominent personnel moves from around the U.S. and European markets.

The following is a list of prominent personnel moves from around the U.S. and European markets. To submit an item for inclusion in this column, please contact Scott Goodwin, managing editor, at 212-224-3276 or sgoodwin@iinews.com.

* Société Générale's investment banking group recently added three professionals from CIBC Capital Markets to its U.S. securitization team. Dan Pietrzak, Marcus Edmonds and Neil Dalal all move to SG and will work in the firm's conduit services business and focus on originating and executing ABCP transactions. Pietrzak joins as a director, while Edmonds and Dalal join as associates. They report to Marty Finan, managing director and head of the firm's credit structures group.

* Distressed dealer Libertas Partners hired two high-yield professionals. Jeff Growney joins as a managing director, with high-grade and high-yield sales experience from Lehman Brothers, UBS Securities, Citigroup Global Markets and ABN AMRO. And, Audrey Costabile starts as a v.p. in the sales and trading group. Libertas also plans to hire another three to four sales/traders.

* Richard Sauerwein has joined Highland Financial Holdings Group as a v.p. and will be responsible for credit risk products and risk management at the hedge fund. He previously was a principal at Stonehenge Financial Partners, an advisory firm, where he specialized in structured finance. Sauerwein also has experience in the structured finance groups at Standard & Poor's and Financial Security Assurance. Highland is a $550 million hedge fund that invests in mortgage, commercial and asset-backed securities.

* Zia Huque has resigned from Merrill Lynch and moved to Deutsche Bank to run its European and Asian debt syndicate. Huque reports to Hope Pasucci, the firm's global head of debt syndicate.

* Kurt Von Uffel and Lundy Wright left Morgan Stanley to join Nomura Securities International as managing directors in its fixed income division. Von Uffel will report to Najib Canaan, executive managing director and head of fixed income for the Americas and co-head of international fixed income. Meanwhile, Wright will report to Von Uffel, who previously was head of government bond trading at Morgan Stanley. Wright was the head trader on the government desk.

* John Dineen, a fixed-income salesman at Goldman Sachs, has joined Deutsche Bank's securitized product sales group as a senior salesman. He will focus on distributing traditional mortgages and collateralized mortgage obligations.

* Timothy Sullivan, a high-grade trader at Merrill Lynch, has resigned and plans to join Credit Suisse First Boston in a similar role. Sullivan, who moves to CSFB as a director, will trade industrials and report to Steve Feinberg and Peter Nason, co-heads of investment-grade bond trading. Sullivan, who spent about 10 years at Merrill, starts at CSFB later this month after taking a so-called gardening leave.

* Joseph Naggar, a managing director and head of credit securitization at Swiss Re in New York, has moved to Morgan Stanley as an executive director in secondary trading in the securitized products group. He had worked at Morgan Stanley before moving to Swiss Re in 2002. He reports to Laya Khadjavi, head of structured products finance, and Howard Hubler, head of securitized products trading.

* Peter Knez has been named chief investment officer for global fixed income, a new position, at Barclays Global Investors. Knez joined Barclay's buy-side unit about a year ago as head of U.S. fixed-income research. In his new role, Knez performs the roles of a researcher, a portfolio manager and a strategist. He reports to Blake Grossman, co-ceo, and Richard Grinold, director of advanced strategies and research.

* David Carlson, the former global head of credit derivatives trading at Credit Suisse First Boston, resigned and plans to start in the credit derivatives groups at Deutsche Bank later this month.

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