Competitors continue to raid Fahnestock Viner Holdings, the former Oppenheimer & Co. for talent. Several of the defectors from the firm's Beverly Hills office have landed at Smith Barney, the most recent being Jon Ratner, who left Oppenheimer in mid-June. RBC Dain Rauscher also is gets into the act, luring the top-producing team of Gary Handler and Henry Schwartzberg from Beverly Hills to its Wilshire Boulevard office.
Quick & Reilly announced two new East Coast hires: David Cornell, previously of Charter One Bank, who joined the Utica, N.Y., office as a senior financial consultant, and Brian Sullivan, who left Merrill Lynch for a senior financial consultant position in Boston.
V. Michael Arias left Morgan Stanley to join the law firm of Hanzman & Criden in Coral Gables, Fla. Arias had been a senior vice president and the branch manager of the Coral Gables office for the last three years. Previously, Arias had worked for eight years at Prudential Securities, starting as in-house counsel and leaving as the Coral Gables branch manager.
PFPC Distributors, a subsidiary of PNC Financial Group, has named Brian Burns its new president and CEO. Burns, who has been with PFPC since July 2001, will continue as the company's senior vice president of integrated banking transaction services.
Joseph Heinz, branch manager at Prudential Securities, recently moved to UBS to run several branches in the Florida panhandle. He will be based out of Jackson, Miss., and had been at Prudential for nine years prior to moving to UBS. A Pru spokesman confirmed his departure; UBS did not return a call.
The Securities Industry Association has relocated its Washington offices. Its new address is 1425 K Street, N.W., 7th Floor, Washington, D.C., 20005-3500.
