Reuters reports that a top portfolio manager at Highfields Capital plans to leave the investment firm next year to set up his own hedge fund, two people familiar with the matter said.
Matthew Sidman, who has worked at the Boston-based fund for 15 years, plans to leave in 2013 and launch his own firm, Highfields told investors earlier this month, according to the people, who are not authorized to discuss the matter publicly because the fund is private.
The news agency also reports that Bank of America Corp's Merrill Lynch unit has hired veteran financial adviser Rebecca Rothstein and her 11-member team from rival brokerage Morgan Stanley Wealth Management.
Rothstein, based in Beverly Hills, California, was a top adviser at Morgan Stanley, where she managed about $2.5bn in client assets with her team.
Reuters also reports that Raymond James Financial said on Thursday it recruited a veteran financial adviser in Springfield, Massachusetts from Wells Fargo Advisors.
Mark Teed, who has been in the industry for 25 years, managed $225m in client assets at Wells Fargo.
Bloomberg reports that Royal Bank of Scotland has hired Ed Hulina from UBS as head of foreign-exchange and emerging-market sales for the Americas.
Hulina will be based in Stamford, Connecticut and report to Stephen Kemp, head of foreign exchange for the Americas, Rich Tang.
Finally, Bloomberg reports that Cesar Gueikian, global head of UBS’s special-situations group, quit Switzerland’s biggest bank to start a hedge fund with former colleague Andres Scaminaci, three people with knowledge of the matter said.
The departure was confirmed by Gueikian, 35, in a telephone interview, as well as by Megan Stinson, a spokeswoman for the Zurich-based bank. Theo Constantinidis, who led the unit with Gueikian, will become its sole head, Stinson said. The pair oversaw a team of about 25 people in New York, London and Hong Kong.
Former Morgan Stanley Banker Barrett Joins Greenblatt’s Gotham
Highfields portfolio manager to leave and launch own firm
Veteran Morgan Stanley broker leaves for Merrill Lynch
Wells Fargo adviser joins Raymond James
RBS Hires UBS’s Hulina to Head Currency, Emerging-Markets Sales
UBS Special-Situations Head Gueikian Said to Quit



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