Bingham makes triple hire to boost broker-dealer practice

Bingham McCutchen is continuing its aggressive push to build its broker-dealer practice by recruiting a trio of experts from UBS Financial Services, Morgan Stanley DW and Wilmer Cutler & Pickering. The hires provide a cross-state boost to the firm’s 70-strong broker-dealer group.

Eric Seltzer, the former deputy counsel and senior vice-president of UBS Financial Services, will be based on the East Coast. Nader Hossain Salehi, former counsel within Wilmer Cutler’s securities practice group, has joined Bingham’s Washington DC office. Paul Allen, former executive director, assistant general counsel and first vice-president at Morgan Stanley, will join the firm’s San Francisco office on 14 June.

The region is a particular focus for Bingham, which will relocate another recent hire, Donald Davidson, former deputy counsel and senior vice-president from the then UBS PaineWebber, from New York to San Francisco. Just three months ago, the firm took on senior vice-president and general counsel for Charles Schwab for its San Francisco office.

Since last year, Bingham’s broker-dealer practice group has grown by 25 lawyers, including another former employee at UBS Financial Services, Herbert Janick, who was general counsel and executive vice-president at his former company.