Friday, 27 March 2015
Last updated 2 hours ago
Oct 11 2011 | 12:10pm ET
Investment bank Sterne Agee & Leach has hired a team of credit traders from Citadel Investment Group's now-much-reduced investment banking effort.
The 10-person team, led by Andrew Rochat, Scott Shiffman and Jon Walker, started at Birmingham, Ala.-based Sterne Agee this month. The group, which is primarily based in New York with one member in Citadel's hometown of Chicago, will trade investment-grade debt.
"These hires are a continuation of Sterne Agee's significant investment in the expansion of our fixed-income platform," head of credit Eric Needleman said.
Rochat, Shiffman and Walker worked at Lehman Brothers and Chapdelaine & Co. before joining Citadel in February, when Chapdelaine shuttered its credit unit. Citadel, in turn, slashed its own debt-trading effort at its Citadel Securities unit in August.
The three men are joined by John Finnegan, Allen Oppici, Michael Rand, Helen Shannon, Andrew Simons, Mac Sutherland and Bobby Treacy.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…