Three JPMorgan CLO Bankers Are Leaving the Firm to Join SMBC
- Christine Ferris will head securitized products at SMBC
- CLO issuance has soared this year as interest rates drop
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Sumitomo Mitsui Financial Group Inc. is hiring a trio of bankers from JPMorgan Chase & Co. to grow the Japanese firm’s collateralized loan obligation platform, as activity in the roughly $1 trillion market has surged this year.
Leaving JPMorgan are Christine Ferris, global head of CLO primary; Anusha Joly, global head of CLO syndicate; and Mussie Tizazu, who structures CLOs, according to people with knowledge of the matter who asked not to be identified as the matter is private.