Among its services, KGDV Consulting, which formed last month and will initial focus on US-based firms, will help start-up hedge funds decided whether to outsource their service providers or hire dedicated operations personnel.
Steele joined the bank’s investment-banking unit in New York two weeks ago from Macquarie Capital USA Inc. Sanam Alaghband, an RBC Capital Markets spokeswoman, confirmed the hire. He previously worked at Deutsche Bank AG for the 10 years ending in 2
Wells Fargo & Co's independent brokerage unit landed two veteran adviser teams in California and Connecticut, expanding its client asset base and reach across the United States as it grows to compete with other top U.S. brokerages.
The appointment of pair, Julie Riewe and Marshall Sprung, reflects a change in leadership structure following the departure last week of Robert Kaplan, who served as the co-chief of the unit with Bruce Karpati.
Goldman Sachs, the fifth-biggest U.S. bank by assets, employed 32,400 people at the end of March, down from 35,400 a year earlier, according to the New York-based company’s most recent quarterly earnings report.
“We have brought together all the investment and research competencies of our business into a globally coordinated and centralized engine, complemented by our investment bank, to produce strong investment insights for our clients,” Zeltner and
Morgan Stanley Smith Barney, the largest U.S. brokerage by client assets, expanded its broker force in New York with two veteran adviser hires from Wells Fargo & Company.