Saturday, 27 August 2016
Last updated 17 hours ago
Aug 27 2007 | 9:47am ET
UBS Global Asset Management announced today that O’Connor, the hedge fund specialist within the firm’s alternative and quantitative investments group, has appointed Mark Melchiorre as head of O’Connor credit strategies.
Melchiorre joins UBS from Credit Suisse Group in New York where he was a senior member of the high yield credit trading group. In his new role, Melchiorre will be a managing director focused on expanding O’Connor’s credit trading strategies.
“We are excited to add Mark’s talent and experience to our global team, and believe the market opportunity for his credit trading skill set is tremendous. With the current downdraft in credit markets and Mark’s leadership, we feel it is a good time to build the business,” said Joseph Scoby, global head of the alternative and quantitative investments group.
O’Connor has more than $7 billion in assets under management.