Lehman Brothers has hired Craig McCauley, head of global fixed income at BT Funds Management in Sydney, as head of emerging markets bond and currency sales in London. McCauley is taking a new position that has been added as part of the firm's increasing focus on marketing emerging market debt and currency products. He said he will be marketing both cash and derivative credit, fixed-income and currency instruments.
McCauley explained the bonds and currencies of Group of 10 nations have been fluctuating within a small trading range and that the emerging market asset class is becoming increasingly in demand to generate returns for both real money asset managers and leveraged accounts. McCauley said he moved to London because there are more opportunities in the capital. "[Sydney] has become more of a sales outpost," he added.
At Lehman, McCauley, who started a week ago, reports to David Hobert, head of emerging market sales in London. McCauley reported to Doyle Mallet, head of foreign exchange and currency management, at BT Funds Management in Sydney. Mallet could not be reached by press time.
