Barclays Capital hired Christopher Yanney as a director and head of U.S. high-yield cash and credit default swaps trading. He will report to John Kreitler, managing director and head of global credit trading, and Doug Warren, managing director and head of North American credit derivatives.
Kreitler said Barclays hired Yanney because of his in-depth experience trading high yield and his strong desire to help build an integrated cash and CDS business. Yanney also brings significant client relationships, which will be key to the firm’s initial leveraged finance build. Kreitler expects to add about five other traders reporting to Yanney over the next six-to-nine months. He anticipates trading both bond CDS and loan-only CDS.
The investment bank has been on a hiring spree this month, all part of what Kreitler described as the build out of the leveraged finance team. Josef Norflus, Ron Kubrik, Mark Jenkins, Jeffery Rowbottom and David Scudellari have all been added to the leveraged finance team. Norflus, Jenkins, Rowbottom and Scudellari join from Goldman Sachs. Norflus is a director in leveraged corporate origination, Jenkins is a director in leveraged corporate origination responsible for the energy and power sectors and Rowbottom is a director who will head the U.S. high-yield syndicate (CIN 3/13). Scudellari is on gardening leave and will be joining in the future. No start date could be determined (3/6). Kubrik, who joined from GE Corporate Lending, is a director in leveraged finance execution. Barclays also moved Chris Turner to New York from the high-yield capital markets and syndicate desk in London to serve as a managing director in leveraged corporate origination (3/13).
Yanney joins Barclays from Delaware Capital Management, where he managed the emerging market debt and equity portfolio. Prior to that position, he worked at Goldman Sachs, Conseco Capital Management and Bank of America.