It's not just Credit Suisse: Barclays has also been promoting some new managing directors this week.
Among the promotions, Barclays has promoted eight people globally in its credit team. This follows what Bloomberg described as a threatened exodus of credit trading talent mid-year after allegedly disappointing bonuses. Nonetheless, there are only two traders on the list. They include Varun Garg, who was only hired from Credit Suisse in 2020....
Simon Moore - head of Asia Pacific credit sales, based in Singapore, joined in 2015 from Standard Chartered.
Vanessa Valmant - European head of high grade credit sales, based in Paris, joined 12 years ago
Casey Edgar - U.S. special situation sales, joined 2013, based in LA
Varun Garg - structured credit trading. Hired as global head of credit asset solutions from Credit Suisse in May 2020.
Jayant Kumar - head of EMEA credit solutions structuring, joined from Bank of America in 2018.
Svetlana Nagimer - U.S. credit structuring, joined from JPMorgan in 2019.
Avanti Save - credit strategy research, joined out of university in 2006, based in Singapore.
Sandeep Gupta - fundamental credit research
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