Jeff Abt, a managing director at Lehman Brothers, has left to join Goldman Sachs. Abt, who was named a managing director in January, worked on the origination side, often working on deals in the healthcare, technology and consumer spaces. It is unclear who will replace him. Abt joined Lehman’s leveraged finance group in 1998 after four years at Scotia Capital. He had worked on the loan capital markets desk since 2001. He did not respond to an email.
Goldman has lost a number of leveraged finance guys to Barclays Capital the past few months, including: Josef Norflus, who is now a director in leveraged corporate origination and Mark Jenkins, who is now a director in leveraged corporate origination responsible for the energy and power sectors at Barclays (CIN, 3/10). It is unclear if Abt is replacing one of them or filling a different role. A Goldman spokesman declined comment.
Separately, Lehman is moving Matt McQuade onto the par trading desk. There has been an empty seat since Jason Moynihan left to join Barclays in April (CIN, 4/10). McQuade previously worked in high-yield research. McQuade will work with Alex Stromberg who took over Moynihan’s responsibilities after he left.