Buy-Sider Joins JPM As I-Grade Strategist
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John Ryan has resigned from Deutsche Asset Management, where he was a managing director and head of credit trading and strategy overseeing the firm's $35 billion in corporate bond assets. He moves over to the sell-side to be a v.p. and corporate bond strategist at J.P. Morgan Securities, reporting to Ed Marrinan, managing director and head of credit strategy for North America.
On going from a managing director to a v.p. position, Ryan says, "I wanted to explore new things instead of just doing what I had been doing. Being on the buy-side is vastly different from being on the sell-side." While he acknowledges that he is following nearly the opposite trajectory of many of his peers on the Street, he says, "I know a lot of guys are going to hedge funds right now, which is one of the reasons it seems like absolutely the wrong time to be doing that. This seemed like a better move to make as opposed to being the ten thousandth guy to join a hedge fund." Prior to joining Zurich Scudder, which was later acquired by Deutsche Bank, Ryan spent five years as a trader at PPM America.
A call toEric Kirsch, head of fixed-income for North America at Deutsche Asset Management, was referred to Rosalia Scampoli, a spokeswoman for the firm. She says the firm is still determining how best to replace Ryan.