Colin Abernethy, a credit derivatives marketer at Commerzbank Securities in New York, has joined UBS as a director in credit derivatives and structured products. Jon Bass, managing director and head of U.S. fixed income sales in New York, to whom Abernethy reports, said this is part of the firm's plans to build its credit derivatives distribution. UBS also hired Jeffrey Wilner, credit derivatives marketer at Bear Stearns, as a director in credit derivatives sales in the summer (DW, 8/31). Abernethy did not return calls.
Separately, Brandon Dunn, director and head of credit derivatives marketing in Stamford, Conn. has recently been named head of credit derivatives sales, also reporting to Bass. Dunn declined comment. Kris Kagel, spokesman in New York, explained that in his new role Dunn will work with clients, in addition to the marketing role which focuses more on marketing the products internally.
