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Salomon Hires Credit Derivatives Trader

Schroder Salomon Smith Barney has hired Alaister Moull, associate director and credit-default swaps trader at UBS Warburg, as v.p. in a similar role. Moull will start in mid-August and report to Iftikhar Ali, head of credit-default swaps trading at Salomon. Ali said the hire is part of Salomon's efforts to strengthen its single-name trading desk. The firm had been looking for one to two credit traders to meet demand for increasing deal flow (DW, 12/24). Ali said he would hire opportunistically--if he saw a qualified person--but has no immediate plans. Moull declined comment.

Moull reported to Sal Naro, managing director and global head of credit derivatives at UBS. Naro declined comment through Sarah Small, spokeswoman. Small confirmed that Moull had left UBS, but declined further comment.

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