Barclays Capital has hired Jerry Hammerschmidt as a director in New York selling structured products to financial institutions. Hammerschmidt had been a managing director in hedge fund sales for six months at BNP Paribas in New York before joining Barclays. He declined comment on the reasons for his move. He started last Thursday and is reporting to Philippe El Asmar, head of investor solutions for the Americas.
El Asmar said he hired four additional staffers, including two internal transfers and two recent graduates. He referred further questions to a spokeswoman, who did not return calls by press time. El Asmar oversees the structuring and sale of products across asset classes and has built the investor solutions group to 20 from scratch when he started last year.
Before joining BNP, Hammerschmidt spent 12 years at Morgan Stanley in New York, Hong Kong and San Francisco.