Sara Halbard, senior portfolio manager at Intermediate Capital Group, plans to leave the firm in June. A spokeswoman for the London-based investment management firm denied the departure is a result of the current liquidity crisis, describing Halbard’s exit as a “personal decision to retire.”
Halbard currently runs the collateralized debt obligation effort at ICG’s fund management subsidiary ICML. She joined in 1999 from Bear Stearns, where she had run a proprietary trading desk focused on European high-yield bonds, distressed debt and special situation investments.
Plans for finding a successor for Halbard are in the works, according to the spokeswoman, but further detail could not be gleaned Thursday. Halbard could not be immediately reached for comment.