UBS Warburg wants to hire two structurers for its growing collateralized debt obligation and wholesale repackaging team in London. The firm was interviewing candidates last week, said Hugh Evans, managing director and co-head of global credit derivatives trading in London and to whom they would report. The hires would double the firm's structuring effort in London to four professionals.
Evans said it is hiring because synthetic CDOs are becoming increasingly popular, especially managed ones. He added the group plans to structure its first managed synthetic deal in the coming months although he declined to comment further on it.
