Barclays Capital hired another trader, Marc Berg from CIBC World Markets. Berg, a director, will be a stressed bank loan trader reporting to Rick Van Zigjl, co-head of U.S. leveraged finance. He starts in July. Berg did not return an email and a Barclays spokeswoman declined comment.
Berg joined CIBC in 2003 from Lehman Brothers (LMW, 8/18/2003).
The bank previously hired Jason Moynihan, another Lehman Brothers alumnus, in early April to head U.S. par loan trading. He also reports to Van Zigjl (CIN, 4/10). It hired ex-UBS trader Drew Doscher to build its distressed loan trading group last month. He reports to John Kreitler, managing director and head of credit trading (5/22).