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Derivatives

Credit Marketer Joins Growing UBS Team

UBS Warburg hired Claudia Hamilton, a credit derivatives marketer at J.P. Morgan in New York, in a similar role last month, according to a UBS official. Her hire is part of the firm's ongoing effort to beef up its credit derivatives trading operation and intensify its push into structured credit products. Hamilton reports to Sal Naro, managing director and global co-head of credit derivatives trading in Stamford, Conn. While at J.P. Morgan, Hamilton reported to Andrew Palmer, head of credit derivatives marketing. Palmer and Naro did not return calls and Hamilton declined comment.

UBS also has been interviewing for credit derivatives structurers in New York over the last two weeks, searching for professionals who specialize in synthetic CDOs, the official added.

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