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Wall Street Unrest Drives Hiring Initiative; Recruiters continue to capitalize on the bulge bracket consolidation.

Article Excerpt
Byline: Editorial Staff

The M&A market continued to see a lot of movement, which still seems to be driven by the upheaval among the bulge bracket banks. Advent International, for example, signed on Merrill Lynch veteran Bob Wigley as an operating partner, while JPMorgan poached Merrill's former chairman of global M&A William Rifkin.

Meanwhile, mid-market advisors such as TTK Partners, Salem Partners, Piper Jaffray and the Mercanti Group all made notable new hires in June.

Also, the private equity universe may be experiencing a slow talent drain. Ripplewood Holdings and 3i Group each saw executives make the jump to other fields.

Advent International-The private equity firm added Bob Wigley, the former chairman of Merrill Lynch Europe, Middle East and Africa, as a new operating partner.

Wigley, who left Merrill earlier this year, will focus his efforts with the firm on European financial services transactions. Before joining Merrill Lynch, Wigley was a member at the Court of the Bank of England.

Duff & Phelps-The investment bank poached Michael Kelly from Ernst & Young to serve as a managing director in its strategic value advisory practice.

Kelly, who will work out of Chicago, had actually focused on private equity at Ernst & Young, serving as a partner and leader of the firm's PE...