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Broker Olivetree hires former Walter manager

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Olivetree Securities, the London equities broker set up last year by the former head of European and North American trading at Morgan Stanley Daryn Kutner, has hired Walter Capital veteran Timothy Daniels to its growing sector coverage team.

Most recently director of equity sales at Panmure Gordon, and director of principal trading at Citigroup before that, Daniels has joined Olivetree to focus on the TMT sector within the broker’s sector strategy group.

Before joining Citi in 2004, Daniels was a fund manager and analyst at Walter Capital, the London affiliate of Steve Cohen’s SAC Capital Advisors. Walter Capital was