Barclays Capital is looking to hire a loan researcher to round out the staff of its par trading desk. Jeff Glasse, head of trading, says the bank recently secured a fifth sales member and is now seeking a loan researcher to support trading. Most recently the bank hired Ellen Luntz, formerly of Goldman Sachs, to work on its sales team. "We're delighted to have her back," he said, noting that Luntz worked for Barclays in the early 1990s.
Glasse, formerly head of trading at TD Securities, landed at Barclays three months ago. Currently the desk has two par traders, which is sufficient for now, says Glasse.
Barclays has a distressed debt operation that's handled out of a different office. The firm is focusing on building up its underwriting efforts. Glasse believes that Barclays' strength in the energy industry and the strong deal flow in Europe will support its underwriting presence in the U.S. market.
Eric Chilton, head of syndications, explained that Barclays is focusing its strength on oil, gas, metals and mining.