Tuesday, March 9, 2010

Big Firm Strategic Pick Ups & Niche Firm Start Ups

Way Up from the bottom, with Wall Street and Big Bank's recent financial results, Rosenthal Recruiting sees the 'Employment Scene' picking up with the biggest firms strategic moves and smaller niche firms launching, expanding or adding capabilities such as Research and revenue producers.

Example of a new - or 'reformed' niche entrant: Mark Madoff will start his own research boutique firm. "Making up Madoff" (reported by Dealbreaker)
Link for more, go to Dealbreaker to read about the email Madoff sent to friends.

Reported yesterday by Bloomberg, WSJ and Business Week -- Morgan Stanley hired Citigroup’s Gary Shedlin, whose clients include BlackRock, now the world’s biggest money manager. Dealmaker magazine named him “top rainmaker” in the financials sector in 2006.

Shedlin, 46, will be a vice chairman, said an MS spokeswoman. Morgan Stanley's new banker helped NYSE Group Inc. create the first transatlantic securities market with its 9 billion euro ($12 billion) purchase of Euronext. Shedlin started his career at Lazard Freres . In 2004, Shedlin advised Bank One and its CEO, Jamie Dimon, on a merger with J.P. Morgan Chase.

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