BNP Paribas has recently made five hires to develop its integrated credit strategy team, which was created earlier this year by the merger of its high-yield, high-grade, cash and derivatives businesses, said Len Jardine, head of credit sales and research in New York. He explained the firm suffered personnel losses during the restructuring and these hires bring it back to critical mass. The new hires are: Rosemary Sisson, head of consumer product research at UBS, as head of high-yield credit research; John Agnew, senior trader at FleetBoston Financial, for a similar role; Hutch Pegler, an analyst also from FleetBoston, for telecom, media and technology research; Dan Raedle, high-yield salesman at RBC Capital Markets, for a similar role, and Jim Jospe, senior high-grade credit salesman at Deutsche Bank, also for sales. Jardine noted he will look to make additional research and sales hires over the course of the next year.
Officials from the new hires' previous firms either declined comment or could not be reached.