JPMorgan has hired William Measday, associate director at Macquarie Bank in Sydney, as v.p. of credit structuring in Sydney. He is the firm's first onshore structurer to handle credit products, according to Mahesh Bulchandani, head of structured credit products in Tokyo. "This will provide a platform to grow our collateralized debt obligation business," said Bulchandani, noting that Measday will look over both repacked mortgage-backed securities as well as credit derivative products. Bulchandani noted that previously JPMorgan marketed credit products such as synthetic CDOs to Australian investors out of its Tokyo branch but added with the continued growth in interest it now made sense to hire someone. Measday now reports locally to Jason Lee, head of debt capital markets in Sydney, and product-wise to Bulchandani.
JPMorgan Puts Credit Structurer Down Under
