Nomura Securities International is still hunting for a replacement agency trader to add to its current team of two. Kurt von Uffel, head of interest rate trading, says dealers have been reluctant to change firms, but he sees new opportunities opening up. "As the environment for fixed income has declined somewhat, people are now considering their options," he said.
The vacant spot was left by Paul Garavente who left the firm five months ago for Jersey City, N.J.-based Thomson TradeWeb, a fixed-income online trading network. Von Uffel declined comment on what qualifications he is seeking in Garavente's replacement and if he was in the process of interviewing. Garavente's responsibilities have been taken over by the firm's two remaining agency traders.
