Magnetar Financial has hired Mike Henriques, managing director in the securitized products group at Deutsche Bank in New York, as co-head with Jim Prusko of structured credit in New York. The Evanston, Ill.-based multi-strategy hedge fund has also added Kurt Palmer, an associate from the same group.
Steven Bruce, Magnetar spokesman at external communications firm The Abernathy MacGregor Group, said the hires will start this spring.
Henriques was on gardening leave and could not be reached. Michele Allison, Deutsche Bank spokeswoman, said Henriques reported to Erik Falk and Frank Byrne, global co-heads of the securitized products group at Deutsche Bank in New York. She declined immediate comment on plans for his replacement.
