BTIG Fixed Income Credit adds five MDs

BTIG announced has added Michael Glickman, James Malley, Richard Roche, Oren Shaked and Clay Stephens as Managing Director's in the firm’s Fixed Income Credit unit.

Over the past few years, BTIG has significantly expanded and diversified its Fixed Income platform, and now employs more than 40 experienced credit professionals.

Glickman and Stephens will join the firm’s Fixed Income Credit Sales team. As Fixed Income Credit Strategists, Malley and Shaked will focus exclusively on developing actionable content and market intelligence for clients, while Roche will be part of the Fixed Income Credit Trading unit, where he will concentrate on executing investment grade products. In their new roles with the firm, they will report into Darren Haines and Michael Carley, Sr., Co-Heads of Fixed Income Credit, at BTIG.

“We are pleased to welcome Michael, James, Richard, Oren and Clay to BTIG,” commented Anton LeRoy, President of BTIG. “They are proven leaders and accomplished credit professionals. We are confident that they will strengthen our capabilities and complement the skillset of our existing team in the US. and London.”

Glickman has more than 25 years of experience. Prior to BTIG, he was a Managing Director within Distressed and High-Yield Credit Sales at Seaport Global. Previously, Glickman was a Director within Distressed and High-Yield Credit Sales at Bank of America and a Managing Director of Distressed and High-Yield Credit Sales at Cantor Fitzgerald. Earlier in his career, he held similar roles at UBS and Credit Suisse. Glickman also spent time at Conseco Capital Management as a Portfolio Manager. He began his career at Prudential Securities.

Malley has more than 30 years of industry experience. Prior to BTIG, he was the Founder and Chief Investment Officer at Bayfield Court Capital Management. Previously, Malley was a Portfolio Manager and the Co-Head of Global Credit at P Schoenfeld Asset Management, and a Portfolio Manager within Distressed Opportunities Strategy at Chilton Investment Company. Earlier in his career, he was a Director within Distressed Debt at Angelo, Gordon & Co, and a Vice President within Distressed Investment at Westdeutsche Landesbank. Malley began his career as an Associate within U.S. Corporate Finance at Sanwa Bank Limited, and a Senior Accountant within the Financial Service practice at Arthur Andersen & Co.

Roche has more than 35 years of industry experience. Prior to BTIG, he was a Managing Director within Investment Grade Credit Sales at R W Pressprich & Company. Previously, Roche was a Vice President and Senior Trader within Investment Grade Corporate Debt at Santander Investments and Mizuho Securities. Earlier in his career, he was a Managing Director and Co-Head of Investment Grade Corporate Debt at Jefferies, and a Managing Director and Co-Head of Investment Grade Trading at Morgan Stanley. Roche was also the Manager of Market Risk Investment Grade Corporate Debt at Barclays, the Head of Investment Grade Trading at Prudential Securities, and the Executive Director within Investment Grade Corporate Debt at Bear Stearns. He began his career at Prudential Securities, where he spent more than a decade.

Shaked has more than 20 years of experience in the industry. Prior to BTIG, he was Senior Analyst at Newbrook Capital Management, where he covered the consumer sector. Previously, Shaked was a Managing Director at Global Credit Advisers and Sandell Asset Management. Earlier in his career, he was a Director at Credit Suisse, where he specialised in leveraged loans, high-yield bonds and equities across a variety of sectors including autos, chemicals, consumer products and services, energy and retail, and a Portfolio Manager at Citadel Investment Group.

Stephens has over 30 years of industry experience. Prior to BTIG, he was a Director within Institutional Fixed Income Sales at Mizuho Securities, where he spent five years. Previously, Stephens was a Senior Managing Director within Institutional Fixed Income Sales at Gleacher & Company. Earlier in his career, he was a Senior Managing Director at Bear Stearns, where he spent 20 years and held several roles in both San Francisco and Chicago specialising in credit products including investment grade, hybrid/preferred securities, high-yield and bank loans.

“Together, Michael, James, Richard, Oren and Clay bring a strong, versatile track record for excellence. They each have a client-first mindset and decades of experience for our clients to leverage as they engage with us across our credit sales, trading and strategy product suite,” says Haines.

BTIG continues to hire seasoned professionals for the firm’s credit desk in the US, and its European affiliate BTIG Limited in London. The firm’s global fixed income credit platform focuses on sales, trading, sourcing and strategy for a diverse range of products including bonds, leveraged loans, trade claims, reorg. equity, special situations, and high-yield, distressed, convertible and private securities.