CITY MOVES | WHO’S SWITCHING JOBS

RBC

RBC has appointed Guido Giammattei to its global asset management division as a portfolio manager on the RBC Emerging Markets Fund, focusing on the Latin American region.

Giammattei was previously at Rexiter Capital Management, where he was an equity analyst and then a portfolio manager focused on Latin American investments.
He has also previously worked at State Street and HSBC.
Liberum Capital

Liberum, the investment banking group set up by former Collins Stewart chief executive Shane Le Prevost, has added three sales traders to its team.

Mark Edwards, David Thompson and Paul Somers all join the firm from Man Financial.

BTIG

The broker dealer has appointed Michael Nethercott as a director in equity sales trading.
Nethercott joins from Lighthouse Financial Group, where he was a member of the agency-focused execution desk. Prior to that, he spent eight years working for Bear Stearns, where he helped start up an internal agency-only desk for the firm’s clients. He started his career at Olstein & Associates.

First Derivatives

The Aim-listed software and consulting services group, which provides services to investment banks and hedge funds, has hired Patrick Brazel as a non-executive director.

Brazel is also currently a non-executive at Brady, which provides trading and risk management software to the commodity market, and chairman of GoldTier Technologies.

He was previously president of SunGard Capital Markets, leading the company to become the dominant player in the derivatives trading and risk management systems market.

BoA Merrill Lynch
The bank’s wealth management division, Merrill Lynch Wealth Management, has appointed Tamer Rashad as head of Middle East wealth management and Amir Sadr as head of the institutional client group and family office group.

Rashad, who previously worked in the office of the president and chief operating officer at Merrill, will be based in Dubai. Sadr, who will be based in London, was formerly head of the Middle East offshore institutional client group at Merrill.