Government bond/rates: Hires - Rates allure
Two institutions are making a push in the European government bond/rates sector, a development that recognizes the high profits made in rates trading during the first part of this year.
One of the firms is Jefferies International, which earlier this year hired Domenico Nardelli to build a public sector credit desk. As part of that push Jefferies was hiring 16 sales and trading officials, mostly from Dresdner Kleinwort, just as Euromoney went to press.
Leading the trading operation in Europe is Domenico Crapanzano who is head of interest rate flow trading. Crapanzano reports to Christopher Bury and Daniel Markaity – co-heads of the global fixed income division at Jefferies.
This is not the first time Crapanzano has moved only to be followed by members of his trading operation. Two years ago he joined Dresdner in similar circumstances, from Bank of America.
Elsewhere, Santander has begun a substantial hiring spree of salespeople and traders for a multi-market desk based in London and Madrid.