Private Banking and Wealth Management Survey 2012

Private Banking and Wealth Management Survey 2012

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March 2007

Debt market round-up: Banks becoming more stressful

Barclays has announced the appointment of Matt Barrett as head of distressed debt and special situations investing. He is joined by two more new hires to work as managing directors in the same department, as Barclays looks to substantially increase its power in this market.


This comes as news emerges from Citi that it is moving Mark Tsesarsky, co-head of global securitized markets, to head of special situations/securitization. Citi say that this will be "a prop effort focused on distressed debt". Last year, Deutsche Bank, which is one...


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