Barclays Capital has reorganized credit trading bringing cash and credit derivatives flow businesses for U.S. and European investment-grade credit into its global credit derivatives group, headed by Vince Balducci in New York. Spencer Jesner, formerly head of U.S. credit-default swap trading, and Mark Jicka, formerly head of U.S. credit trading, now co-head U.S. flow trading. In Europe, Kai Seeger is sole head of flow trading. "The goal is to get more efficient by sharing product knowledge," said one official. The single group is broken into five sector-specific pods with about four people in each in the U.S. It has not been renamed and officials said it involves some responsibility shifts, but no personnel changes.
Jesner and Jicka report to Doug Warren, managing director and head of U.S. credit derivatives, and Seeger reports to Andrew Whittle, managing director and head of European credit derivatives. Warren and Whittle report to Balducci.
