Macquarie Group Expands Credit Sales and Trading Team
*New hires complement current credit sales and trading efforts
*Will expand upon the products and services currently offered to clients
NEW YORK -- March 27, 2013
Macquarie Group (“Macquarie”) (ASX: MQG; ADR: MQBKY) today announced the
further expansion of its Credit Sales and Trading Division with the addition
of seven new professionals. The New York-based appointments continue the
growth of the firm’s credit trading business, which was established in 2008.
The hires will support a range of activities including par and distressed loan
and bond trading and portfolio financing solutions.
The new hires include:
*Brian Foley who joins as a Managing Director responsible for a team that
structures and trades funding for portfolios of financial assets. He was
previously with Bank of America Merrill Lynch where he was a Director in
their Strategic Funding Trading business, focusing on long-term structured
products funding, utilizing total return swaps and repo. Mr. Foley will be
supported by Ramya Gopalakrishnan who joins as a Vice President from Bank
of America Merrill Lynch and Raymond Hugel who joins as an analyst.
*Michael Miller joins as a Managing Director focused on Distressed Bond and
Loan Trading. He was previously at Nomura Securities where he was a
Managing Director responsible for trading Senior High Yield/Distressed
Debt. Prior to that, he was head of High Yield Trading at Oppenheimer &
Co., a portfolio manager and trader in the Global Credit Strategies team
at UBS, and a President of Morgan Stanley’s Special Situations Group and
Co-Head U.S. High Yield / Distressed Corporate Risk Management and
*Alan Chao joins as a Associate Director focused on Par Loan Trading
Analytics. He comes from Kamsky Associates where he oversaw the
development of a potential China-related private equity arm for the firm.
Prior to that he spent five years as a Portfolio Manager at Canaras
Capital Management where he helped create an alternative investment
manager focused on leveraged finance and structured products. He will work
closely with Nick Gustafson who joins as a Par Loan Trader. Mr. Gustafson
previously served as a leveraged loan trader at J.P. Morgan Securities
where he was a market maker of high yield, distressed and institutional
corporate loans for as many as 80 companies across six industries.
*Patrick Feeney joins as an analyst and will support the Credit Solutions
team. He previously worked at Makena Capital Management and PF Gold
About Macquarie Group
Macquarie Group (Macquarie) is a global provider of banking, financial,
advisory, investment and funds management services. Macquarie’s main business
focus is making returns by providing a diversified range of services to
clients. Macquarie acts on behalf of institutional, corporate and retail
clients and counterparties around the world. Founded in 1969, Macquarie
operates in more than 70 office locations in 28 countries. Macquarie employs
approximately 13,400 people and has assets under management of over US$353
billion (as of September 30, 2012).
Paula Chirhart, +1-212-231-1239
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