Robert Alloway, high-yield credit default swap trader, has taken over temporarily trading loan-only credit default swaps at Lehman Brothers, following the departure of Jeremy Vogelmann in July to join Barclays Capital. He will continue to trade high-yield CDS. Alloway, who declined comment, joined from Goldman Sachs at the beginning of March and had worked with Vogelmann.
No time frame has been set to fill the LCDS spot permanently; however, it is believed that a CDS trader covering Georgia-Pacific Corp., for example, would then also begin trading LCDS on Georgia-Pacific.
