Claudio Phillips is rejoining the loan market as a senior managing director and head of the distressed bank debt trading group at The Seaport Group, as first reported on LMW's Web site last week. Stephen Smith, co-founder of Seaport, noted that Phillips will allow the firm to expand its capabilities in the international markets. "Bringing Claudio on will give us more of a global focus in bank debt," he said. Phillips noted that he was looking forward to working with the Seaport team and expanding its current business, but declined further comment.
Phillips left the loan market in the summer of 2002, leaving behind his position as a managing director and head par loan trader at Salomon Smith Barney. He fills a vacancy left open at Seaport when Amy Siskind departed from the firm last month. Siskind was a managing director of bank debt trading at Seaport.