Executive Changes

MIDDLE ATLANTIC

Barclays Capital Inc. of New York has hired Reuben Daniels as the head of the communications and entertainment group for its investment banking division for the Americas.

Mr. Daniels, who was also named a managing director, will focus on developing relationships with U.S. telecom, media, technology, and leisure companies.

He was a managing director at Deutsche Bank. He began his career in the corporate swaps trading group at J.P. Morgan Securities Inc.

At Barclays Capital he will report to Peter Goettler, the head of investment banking and debt capital markets for the Americas.

The Barclays PLC unit has also hired Gustavo Ferraro as a managing director of its Latin America debt capital markets and investment banking division.

Mr. Ferraro was a managing director and the head of the telecom and media sectors for Latin America at Salomon Smith Barney Inc. Before that he had been a senior vice president of investment banking and the country manager for Argentina and Chile for Lehman Brothers, working from Buenos Aires. Earlier he had been Lehman's head of Latin American debt capital markets in New York.


HSBC Securities USA Inc. of New York has hired Ralph Axel as a senior vice president and a U.S. government strategist.

Mr. Axel will develop trading strategies for the Treasury, cash, futures, and derivatives markets. He came to the HSBC Holdings PLC unit from Lehman Brothers, where as a strategist he did a similar job. He joined the New York company in 1996.

At HSBC he will report to Andrew Lombara, the head of government bond trading and a managing director.


Fleet Bank of Boston has promoted Mario Ruggiero to senior vice president from vice president and made him the district manager of its eastern Long Island branch system.

Mr. Ruggiero was the FleetBoston Financial Corp. unit's New York State operations manager. He joined the bank in 1996.


RBC Capital Markets, the New York corporate and investment banking unit of Royal Bank of Canada, has hired William Haffner as a managing director in its leveraged finance group.

Mr. Haffner was a vice president and an executive director of the financial sponsor group at Morgan Stanley. Earlier he had been a manager at Argent Group Ltd., an investment banking boutique firm in New York.

He has 12 years of experience in leveraged finance transactions.

RBC Capital Markets is made up of RBC Dominion Securities Inc. and Dain Rauscher Wessels, the U.S. equity capital markets arm of RBC Dain Rauscher Inc.


Deutsche Bank Securities Inc. of New York has hired three executives from Morgan Stanley to be managing directors of middle-market equity sales coverage.

Bill Foley, Sam Mezansky, and Ted Tabasso will join the Deutsche Bank AG unit next month.

Mr. Foley, who will lead the middle-market equity coverage efforts, was the head of institutional equities middle markets at Morgan Stanley. Earlier he had been a managing director and the head of U.S. institutional equity sales at a Deutsche Bank Securities predecessor, Deutsche Morgan Grenfell Inc.

Mr. Mezansky was an executive director of middle-market sales at Morgan Stanley. Before that he had also worked at Deutsche Morgan Grenfell, as a managing director and a New York equity sales manager.

Mr. Tabasso was an executive director and a team leader for middle-market sales at Morgan Stanley. Before that he had been a managing director and the New York sales manager at Banc of America Securities Inc.

At Deutsche Bank Securities all three will report to Martin Newson, the head of Americas equities.

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