Mediobanca Names Former JPMorgan’s Hanisch as Head of Trading

Mediobanca SpA, Italy’s biggest publicly traded investment bank, named former JPMorgan Chase & Co.’s Cedric Hanisch as head of trading as the company expands its European equity business.

Hanisch, who has previously worked for Goldman Sachs Group Inc., Citadel LLC, Merrill Lynch & Co. and Morgan Stanley, will be based in London and report to Paolo Cuniberti, who runs the brokerage division, Mediobanca Securities, according to an e-mailed statement sent to clients and seen by Bloomberg News. Hanisch will also be responsible for sales trading. A spokesman at Mediobanca confirmed the contents of the note.

Mediobanca is strengthening its cash equity unit in London, which it started in 2010 when the firm appointed Antonio Guglielmi as head of equity research. The brokerage division plans to boost its coverage of the European financial services industry by adding analysts in May and June, according to the note.

Vivek Raja, previously at Keefe Bruyette & Woods Inc., will be responsible for U.K. banks coverage, while Vinit Malhotra will join from Goldman Sachs to cover German and Swiss insurers. Coverage of banks and insurers in Belgium, Luxembourg, and the Netherlands and U.K. insurers will be run by Robin van den Broek, previously an analyst at ING Groep NV.

Mediobanca was voted the second-best brokerage firm in Italy in the 2014 Thomson Extel survey. In covering European banks and insurers, Mediobanca is competing with the world’s biggest financial firms, including Morgan Stanley, Citigroup Inc. and Bank of America Corp.

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