CQS names CEO for its US business
CQS Asset Management has appointed Michel Brogard as chief executive officer of the firm’s US business

New manager Resco lands ex-credit head to found advisory board
Resco Asset Management, a London based asset manager set up last year, has appointed the first of an anticipated three advisory board members

DTCC appoints Deriv/Serv board chairman to replace Thompson
The Depository Trust & Clearing Corporation (DTCC) has appointed a replacement board chairman of its Deriv/Serv credit derivatives repository following the retirement of Larry Thompson in December

JP Morgan makes big hire to its global credit trading desk
An experienced banker who has covered CLOs, CSOs, loan TRS and credit derivatives, has joined JP Morgan after leaving BNP Paribas 

I liked it when banks could hold risk and actually had inventory to shift
Louis Gargour, CIO of LNG Capital, takes our credit quiz

White & Case promotes seven debt specialists to partner
The law firm has promoted several debt specialists to partners around the world

Man Numeric launches credit platform and appoints co-heads of credit
Man Numeric, the quantitative investment business of Man Group, has launched a new credit unit and appointed two officials to lead the business

ArrowMark builds in London with big SRT hire
ArrowMark is one of the biggest investors in the SRT market, but unusually it conducts most of its business out of the US. It has now added to its presence in London with an experienced official joining its SRT business

Synthetic structured credit specialist lands at Millennium
Millennium Management has hired an experienced name in synthetic structured credit, bringing in a portfolio manager who had served as a partner at a credit hedge fund operator in New York

September: credit funds at a glance
White Oak Global Advisors held a $2.1 billion final close on a new direct lending fund, while Phil Raciti's move from CVC Credit Partners to Halcyon Capital Management was one of the biggest moves in the credit industry

Global head of credit correlation leaves JP Morgan to launch new hedge fund
Market sources say that a high profile figure, known to have been responsible for unwinding JP Morgan's 'London whale' positions, has left the bank to start his own hedge fund

Credit Agricole hires head of US credit trading and head of ABS syndicate
Credit Agricole has strengthened its US credit platform by hiring Anatoly Nakum as head of credit trading for the Americas, and Beth Starr as head of ABS syndicate for the same region

Tracking down the credit industry’s original winners
All winning managers at the first Creditflux awards survived the crisis, under their own names – like BlackRock – or under new owners. But what happened to the people who collected the trophies?
 

Dentons brings in derivatives lawyer as partner
Global law firm Dentons has added Alice Yurke as partner in its capital markets practice, the firm announced yesterday

A credit market in constant flux
Since Creditflux's launch in 2001, we've reported on CLO evolution, trendy new products, regulatory U-turns, and, of course, crashes. Which, we wonder, is coming next?

AB names fixed income co-heads and replaces Ashish Shah on two funds
Following the departure of Ashish Shah, who was AB's head of fixed income and chief investment officer, Will Smith has been appointed co-manager on two bond funds. Meanwhile, the firm has named two co-heads of fixed income

Structured credit specialist swaps CSOs for CLOs as he returns to Morgan Stanley
Morgan Stanley has added to its CLO structuring team in New York, bringing an official who has been working on synthetic CDOs

Brigade co-founder to leave the firm
Brigade Capital Management's co-founder Pat Kelly is leaving the firm, according to market sources

Fund of hedge fund operator appoints new CFO and COO
Alternative investment firm Gapstow has appointed a new chief financial officer and chief operating officer, promoting internally to fill the roles

Citadel hires credit portfolio manager from rival in New York
A credit derivatives specialist, who has been overseeing performing credit globally for a large hedge fund manager, has landed at Citadel

Citi promotes European CLO head and co-head of credit correlation trading
Citi – a market leader in CLO origination and bespokes – has promoted officials responsible for these businesses.

Creditflux parent rebrands as Acuris
Creditflux’s parent company gained a new name last month, with Mergermarket Group relaunching as Acuris

BlueMountain hires fund distribution specialist from Paulson
BlueMountain Capital Management has poached Claudio Macchetto from Paulson and assigned him to the newly created position of head of platform distribution

Saba to close London office, reports Reuters
$1.7 billion hedge fund manager Saba Capital Management is closing down its offices in London

Tages switches Ucits fund to PSAM after recent hire
PSAM hire sees Tages terminate its agreement with Fore and hand over managerial responsibilities to PSAM