Stephen Creaturo has joined Barclays Capital in New York as a director in its interest rates sales group, specializing in non-dollar denominated fixed-income accounts. He joins from Commerzbank Securities, where he ran its New York-based fixed-income trading operations. His slot is a new one, and is part of the firm's year-long growth strategy. He is reporting to the New York head of fixed-income sales, John Connor. Creaturo had worked at Barclays from 1994-1999 in its London office, where he had become head of non-dollar interest-rate product trading before he left to join Commerzbank Securities.
Creaturo says he made the switch from sales to trading becaude he wanted a new challenge. He says that it's been a "lot harder than [he] thought it would be," and that he's enjoying his new role. Creaturo, who reported to fixed-income co-chief Ricardo Pascoe, declined to comment on the reasons behind his departure. Recent months have seen Commerzbank, which expanded its fixed-income presence in New York rapidly in the late 90s, aggressively reshuffle its management team. As part of that movement, Creaturo had his government and agency trading responsibilities shifted to Ashwin Kumar, the firm's head of proprietary trading (BW, 6/10). A call to Pascoe was not returned.