Rob Richards, a corporate bond trading veteran, has joined Scotia Capital in New York, where he will be responsible for trading Scotia-led issues in the secondary market. Frank Pinon, head of U.S. funding and debt trading, says Richards, who had also traded secondary issues at Donaldson, Lufkin & Jenrette and, most recently, CIBC World Markets, is part of an effort at Scotia to beef up its trading and origination of corporate bonds. As part of this focus, which is designed to leverage off its parent's existing corporate lending relationships throughout North America, Scotia will also be looking to add corporate bond analysts and sales staff in the near future.
Pinon says Greg Woynarski has also been added to the corporate bond team as an originator, where he will join Steve Janicek and be tasked with building up the firm's capital markets presence. Woynarski was re-assigned from Scotia's Toronto operations, and both he and Janicek will report to Pinon.