Barclays Capital Markets is beefing up its newly formed emerging market fixed-income trading desk with the hiring of J.P. Alvarado, a director, from Credit Suisse First Boston. Alvarado, who starts today, will report to Diego Gradowczyk, managing director and head of the desk. At CSFB, Alvarado was a New York-based director and a sovereign trader. Gradowczyk says Alvarado will be trading emerging market sovereign debt from Mexico and Latin American exotic countries.
Gradowczyk adds that the position is newly created as it responds to the staffing needs of the newly formed desk which is comprised of four traders (BW, 1/21). He mentions that he will be adding a credit derivatives trader in the near future.