Credit research: The rising stars

Credit research has leapt out of the back office. Spotting a cute arbitrage can make millions and banks are paying up for creative users of this fundamental talent. Their thinking? With the coming of the euro, credit differential will be a bigger factor. And in Asian markets there's growing demand for credit expertise. Brian Caplen encounters some at the cutting edge.

If you’re young, bright, ambitious and out to make a fortune in London or Hong Kong, choosing a career path is easy ­ get into credit research. Once a humdrum, nine-to-five job performed by academics, credit research is now an entrepreneurial task with huge rewards. Experienced analysts are some of the most sought after people in finance.

“It’s gone crazy. Headhunters are calling up all day long,” says Joseph Biernat, director of global credit research at Deutsche Morgan Grenfell, who is building up a team in London.

Access intelligence that drives action

To unlock this research, enter your email to log in or enquire about access