Readers of this site will know that Ed Peter, Deutsche's equity supremo, is not faint-hearted when it comes to hiring. But this week was more balanced.
Having hired Gordon Crosby-Walsh, one of Salomon Smith Barney's top Hong Kong salespeople, he also lost Wahid Butt.
He had only hired Butt five weeks earlier, in a capacity that would see him run a large chunk of the firm's Korean research. Butt will now go to Solly to run its mid-cap product, and seems to have been partly motivated by a desire to work once again for Robin Newman, who used to run WI Carr.
Then again, Ed Peter also hired Elaine Yu, one of Goldman's Asian...