Omar Selim, formerly head of German fixed-income sales for Credit Suisse First Boston, is to join Barclays Capital.The hire is something of a coup for Barclays. Selim is respected in the German debt markets for his strongclient relationships, and has played a role in pioneering new areas for his customers such as structured credit investment and distressed debt securitisation. A previous employer, Morgan Stanley, was said to have been upset by Selim's move to CSFB, and now CSFB will be challenged to plug the hole in its ranks, which follows the departure of its head of European derivatives sales Guglielmo Sartori di Borgoricco to Barclays in March.
For Barclays, long criticised as being too focused on trading, the hire of Selim and di Borgoricco demonstrates how serious the bank has become about establishing a broad derivatives sales and marketing franchise in Europe. After a period of gardening leave, Selim's new position will be managing director and head of debt capital markets distribution for Germany, Austria and Switzerland. He will report to di Borgoricco, who is now head of European distribution for Barclays.
More on People
Paul Hopkin moves to Institute of Risk Management
Bank veterans Bristow and Pluta promoted to global co-heads, reporting to Rohrbaugh
US firm recruits externally as it looks to boost savings business
US bank parts company with 15-year veteran who moves to the buy side
Sign up for Risk.net email alerts
Sponsored video: MarketAxess
Sponsored video: Tradeweb
Multifonds talks to Custody Risk on being nominated for the Post-Trade Technology Vendor of the Year at the Custody Risk Awards 2014
Sponsored webinar: IBM Risk Analytics
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.