GLOBAL - Liberum Capital, CB Richard Ellis, Newsec

Liberum Capital - The independent investment bank has hired Paul Rostas, former head of property derivatives at broker Icap. The move follows Icap's exit from the property derivatives market earlier this week. Rostas will join Liberum in June as head of alternative investments and property.

CB Richard Ellis - Directors Siân Tunney, Toby Hall and Andrew Watt have all left Colliers International to join CBRE. Tunney and Hall will be joined by another former Colliers International employee Paul Breen to work with CBRE's London team. Watt, who was head of Colliers International's Leeds office will coordinate CBRE's regional activity in Leeds.

Newsec - The Nordic and Baltic real estate adviser has appointed Roul Tutt as managing director of its operations in Estonia. Tutt previously worked for Marfin Pank Eesti as director of retail and corporate banking.