Jeff Glasse, former head of trading at Toronto-Dominion Bank, has joined Barclays Capital as head of par loan trading. Glasse is in place to recharge Barclays' bank loan trading effort, which dropped off about two years ago. A senior official at Barcays could not be reached for comment on the bank's reentry to the trading arena.
Glasse said it was too soon to tell if he would be hiring new staff to bulk up the desk. Currently, the bank has four sales people and one junior trader on the desk.
Glasse left TD in January 2000 at a time when the bank lost several people from its loan operation (LMW, 2/14/2000).