Brean Capital hired structured-finance traders Richard Barry and Reggie Fernandez as managing directors on its fixed-income sales and trading team in New York.
The Wall Street veterans, who previously worked together at KGS-Alpha Capital Markets, will team up and focus on collateralized-loan and -debt obligations as well as “esoteric” asset-backed securities.
“These are new hires for us, and our first in these sectors,” said Rob Fine, chief executive officer for the New York-based brokerage.
Barry left KGS in February after about four years with the firm, he said by e-mail. He previously was head of securitized-product sales and trading at Aladdin Capital Holdings LLC.
Fernandez, who also spent approximately four years at KGS after starting in 2010, came from Canaccord Genuity Inc., which he left early this year. Fernandez before 2008 had worked at UBS AG and Deutsche Bank AG, FINRA records show.