TD Securities is looking to add three credit derivatives structures to its New York division over the next several months. Phil Chiaramonte, managing director of U.S. credit derivatives structuring in New York, said the hiring plan is part of a move to expand the credit derivatives group in the U.S.
One of the new hires will fill a structuring position left vacant by Mitali Sohoni's departure to Scotia Capital's credit derivatives sales team (DW, 11/4). He added that TD currently has three structurers. It wants to expand the group to six to accommodate the increase in U.S. business TD has been experiencing over the last six months. The new hires will report to Chiaramonte.