The Seaport Group has hired Brian Hewitt, a former director of high-yield sales at Fleet Securities. Hewitt will be a managing director and senior sales person at Seaport, catering to institutional clients and focusing on Seaport's full range of products, mainly stressed and distressed products in the capital structure, noted Marc Baum, Seaport's chief operating officer. Amy Siskind, a managing director of bank debt trading, noted that with Hewitt the firm now has nine salespeople covering over 200 distressed buyside accounts.
Hewitt will report to the founders of the firm--Michael Meagher and Stephen Smith, managing directors and co-heads of sales. Seaport will continue to grow as the firm responds to product expansion opportunities and volume increases, noted Baum. Hewitt was at Fleet for two-and-a-half years and reported to Scott Vallar, co-head of Fleet's high-yield bond unit. Hewitt confirmed his arrival. A Fleet spokesman did not return calls by press time.