Calyon loses more structured credit staff and others face redundancy
Departures from Calyon’s structured credit business moved up a gear in April, with a series of high profile defections and position shuffling

Austria’s Erste ramps up in CSOs
Austria’s Erste Bank is understood to have made a major hire as it looks to build up its structured credit business in London

Fast moves
people moving in May

UBS brings in traders as it builds up new credit prop trading unit
UBS brings in traders as it builds up new credit prop trading unit

Goldman Sachs appoints joint global heads for CLO business
Goldman Sachs is understood to have filled the gap left by David Rosenblum’s move to the buy-side by appointing two global co-heads of its CLO origination business

Pemba Credit Advisers hires former SocGen high-yield trading head
Pemba Credit Advisers hires former SocGen high-yield trading head

South African bank seeks structured credit expertise
South Africa’s Standard Bank is looking to take advantage of the dislocation in the structured credit market by hiring selectively

Barclays Capital loses four credit structurers from London office
Barclays Capital loses four credit structurers from London office

Monoline FGIC loses head of CDO group as rating downgraded
Monoline FGIC loses head of CDO group as rating downgraded

Bank of America culls senior credit staff after strategic rethink
Following Bank of America’s announcement last month of plans to reduce its

Fast moves
This month: JP Morgan and Swiss Re

Brevan Howard staffs up in structured credit
Brevan Howard staffs up in structured credit

Mizuho hires in New York as ex-Calyon CDO team leaves
Mizuho hires in New York as ex-Calyon CDO team leaves

Tullett hires big-name exotics broker from deadliest rival
Tullett hires big-name exotics broker from deadliest rival

UBS merges structured credit and forex to give ‘economies of scale’
UBS merges structured credit and forex to give ‘economies of scale’

Paris-based monoline CIFG
Paris-based monoline CIFG

Further changes at HSBC as marketer Olentine leaves
Further changes at HSBC as marketer Olentine leaves

Natixis makes several hires for ABS correlation push
Natixis CIB is in the process of building a new ABS correlation desk in London and has hired Karolina Kalkantara to the platform as a trader from Bank of America

BlueCrest staffs up in credit
Hedge fund manager BlueCrest has hired veteran trader Loïc Montserret from Lloyds TSB to its London office

UniCredit brings in Sotti as it creates investment banking arm
UniCredit’s nascent markets and investment banking division has underscored its drive to build a high level structured credit platform with the hire of Matteo Sotti

Royal Bank of Canada loses CDO head and up to six others
Royal Bank of Canada loses CDO head and up to six others

Citi sheds senior New York staff
Citi sheds senior New York staff

CDO staff exodus gets underway
CDO staff exodus gets underway

JP Morgan hires credit prop team
JP Morgan hires credit prop team

BlueCrest hires for structured credit push
BlueCrest hires for structured credit push