Dealer Makes Senior Sales, Research Hires For Junk Biz

  • 09 Mar 2003
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KBC Financial Products has hired two senior analysts and a senior salesman as it continues its effort to grow its high-yield business, says Joe Garofoli, managing director at the New York-based unit of Belgium's KBC Bank.

The latest hires include Avi Steiner, an analyst who follows the cable, broadcasting and media sectors, and David Hargreaves, a gaming and lodging analyst. Steiner joins from TD Securities, which recently shuttered its high-yield distribution business (BW, 3/3). He will be a v.p. A call to Brendan O'Halloran, TD's group head of U.S. capital markets, was not returned. Hargreaves left DrKW-Grantchester during large-scale cutbacks at that firm last December (BW, 12/5). He joins as a senior v.p. Chris Majak, who joins as a senior v.p. and high-yield salesman, moves over from Barclays Capital in London, though he had worked in the U.S. earlier in his career. Neil Cummins, London-based global sales head at Barclays, says he plans to replace Majak, and make an additional senior sales hire. Garofoli says further hires are planned for the high-yield unit, but he declines to elaborate.

  • 09 Mar 2003

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2 Rabobank 35.35
3 Morgan Stanley 11.45
4 BNP Paribas 5.95
4 Credit Agricole 5.95

Bookrunners of Global Structured Finance

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4 Rabobank 1,081.86 1 7.42%
5 Bank of America Merrill Lynch 831.08 4 5.70%