Wednesday, 23 July 2014
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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…