UBS has restocked its credit desk by hiring Seth Pierpoint, a trader covering energy names, and Mike Cannon, an auto credit trader, to replace Daniel Brereton and Chris Rekow, who left the firm last year (DW, 2/20). They report to Michael Morris, managing director for cash and credit derivatives trading in Stamford, Conn. Morris was on vacation and traders referred calls to Kris Kagel, UBS spokesman, who confirmed the hires. Pierpoint and Cannon were not available for comment.
UBS Replaces Credit Traders
