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Article: Large Bank Pain, Small Firm Gain; Mid-market firms trying to build up leveraged finance groups find the pickings are good.(Leveraged Finance)
- Article from:
- Investment Dealers' Digest
- Article date:
- March 2, 2009
- Author:
CopyrightCOPYRIGHT 2009 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Matthew Sheahan
A sea change is stirring in the sales and trading world of leveraged finance. The shakeout at the large banks has been countered by high-yield debt and distressed groups forming or expanding at smaller firms. And these firms will grab a larger share of the sales and trading market in leveraged finance, sources say.
For new and smaller firms undertaking the task of assembling or growing leveraged finance groups, there is a glut of available talent in the market.
Allen Oppici, a former Credit Suisse director of fixed income trading who now serves as head of fixed income sales and trading at Concept Capital, said that while ...