Countrywide Capital Markets has made another hire to its fledgling government bond sales and trading operation. Kevin Flynn, formerly a five-year T-bill trader at Bear Stearns in New York, will join Countrywides west coast operation, according to officials familiar with the situation. Flynn will report to Susan Estes, the firms government and agency trading chief. Estes is a former head of North American fixed income at Deutsche Bank who joined Countywide to head up its govvie business (BW, 9/16). Flynn could not be reached and Estes referred calls to Rick Simon, a spokesman in Calabasas, Calif. He declined to comment, citing a quiet period surrounding the govvie desk. Countrywide was recently in discussions with the Federal Reserve about becoming a primary dealer of government bonds, according to Estes (BW, 10/21); it could not be determined if the quiet period is related to those discussions.
Countrywide Adds T-Bill Trader
Countrywide Capital Markets has made another hire to its fledgling government bond sales and trading operation.