Daiwa Securities America is adding two professionals to its rates sales and trading business. Robert Buetti has joined as an agency trader and reports to Raymond Remy, head of fixed income. And Christopher Farley will join Daiwa as a rates salesman next month, reporting to Remy. Buetti was previously an agency trader at Cantor Fitzgerald and reported to Stephen Bischoff, head of the mortgage, asset-backed securities and agencies groups, according to an industry official. Buetti declined comment. Bischoff referred calls to Michael Geller, spokesman.
Farley left ABN AMRO in February as a result of the firm's cutbacks in fixed income (BW, 2/28). At ABN AMRO, he sold a range of fixed-income products and reported to Robert Douch, global head of rates sales. Douch declined comment.