OppenheimerFunds has hired James Sivigny as a senior high-yield analyst covering the oil and gas, utility and chemical sectors. Sivigny will be based in New York and report to David Negri and Tom Reedy, co-heads of high-yield at OppenheimerFunds. Negri says the firm will look to add an additional analyst or two, primarily to follow the healthcare and cable sectors. It has already begun interviewing candidates. He says the hires are primarily replacements, though OppenheimerFunds has added some new junior research positions. He declined to go into further detail, however.
Sivigny was a New York-based high-yield analyst at ABN Amro until March, when the Dutch firm exited the U.S. junk business. Prior to joining ABN Amro, he worked at Barclays Capital.