Alliance Capital Hires Ex-Lehman Junk Analyst
Alliance Capital has hired Dina Sbare to the position of v.p. in the high-yield research group. An analyst with knowledge of the situation says Sbare was hired to fill a position that had been vacant, though the name of her predecessor and the reason for the vacancy could not be determined. Sbare declined comment when reached at Alliance, as did Kate Kutasi, head of U.S. high-yield, distressed and private securities research at the firm.
Based in New York, Sbare will cover the chemicals, energy and metals and mining sectors. She most recently worked at Lehman Brothers where she followed chemicals, coal and paper companies, but was let go amid cutbacks late last year (BW, 12/1).