Barclays Capital has added its first credit derivatives salesman for corporates to the risk advisory group. The firm is relocating Simon Deeny, salesman within the corporate risk management and derivatives group at Barclays in New York, to London to take the position, according to Gary Cottle, managing director and head of the risk advisory group for the U.K., who added that Deeny will also sell other products. Barclays made the move because it sees corporate use of credit derivatives as the next growth area, he added.
In New York, Deeny reported to Ed Somekh, head of the corporate risk management and derivatives group, who was not available for comment.
