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TD To Add Five In High-Yield Credit Group

TD Securities plans to beef up the staff of its New York-based high-yield credit derivatives group over the next four months. Joe Hegener, managing director and head of global non-investment grade credit derivatives, said TD would look to make about five new hires. "We looking for good derivatives minds," he noted. The firm plans to increase its high-yield credit derivatives structuring and sales team. "We've just continued to see increased flow and we need to make more hires. We're not an active market marker but we have a large proprietary business and customer business," Hegener said. The group has about 25 team members, a high percentage of which are traders.

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