Bob Plunkett, head of high-grade corporate bond trading at BNY Capital Markets in Roseland, N.J., has joined Keefe, Bruyette, & Woods and will be opening a Red Bank, N.J., office. Craig Coats, executive v.p. and co-head of fixed-income at KBW, said the firm plans to open the office at some point over the next several months and is looking to hire salesmen. He declined to further detail hiring plans but added the sales team will cover fixed-income products across asset classes including corporates, agencies, mortgage-backed securities and Treasuries. All trading will still be done through KBW's New York office. Plunkett did not return calls.
Joe Mannello, director of fixed-income at BNY, said the firm is looking to replace Plunkett, in addition to hiring a slew of high-grade salesmen and traders (BW, 1/10).