The recruitment roundabout among independent mid-market securities and advisory firms continues to spin on both sides of the Atlantic with Conduit Capital Markets, Reynolds Partners and The PrinceRidge Group all making fresh appointments from larger rivals, the latest of a slew of hires in the boutique sector this year.

Conduit Capital Markets, the mid-market derivatives and securities dealer founded two years ago by a former head of derivative sales and marketing at Royal Bank of Scotland, has hired a new chief financial officer from larger broker Knight Equity Markets International, while Reynolds has hired a new head of structured finance, who was previously at Deutsche Bank.