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Credit Veteran Shuns Retirement For Start-Up Manager

Tim Frost, a veteran of the European credit industry who retired from J.P. Morgan Securities in March, has resurfaced at Cairn Capital, a newly minted credit asset manager in London, according to an official at the firm.

Tim Frost, a veteran of the European credit industry who retired from J.P. Morgan Securities in March, has resurfaced at Cairn Capital, a newly minted credit asset manager in London, according to an official at the firm. Cairn Capital was founded earlier this year by European fixed-income veterans including David Littlewood and David Henriques, previously global co-heads of structured credit products at Royal Bank of Scotland in London. Andrew Jackson, previously in the structured product group at Bank of America in London focusing on collateralized debt obligations, is also on board. Littlewood confirmed he is a director of Cairn but declined further comment, saying it is too early to discuss the nascent firm or its employees. Henriques was on holiday and could not be reached, while Jackson declined to comment.

Frost left J.P. Morgan, where he was head of European credit trading and research, in March. At the time, there was speculation that he might pursue a political career in the U.K. by seeking a Conservative party nomination for a seat in Parliament.

 

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