Barclays Capital snares dollar interest rate traders

Barclays Capital has hired three traders to work in its dollar interest rate derivatives team in New York.

Mimi Duff, Frederic Gourtay and Alex Pabon all join the bank as derivatives traders and report to Mike Bagguley, managing director and head of US dollar derivatives trading.

Duff joins as a director after 11 years at Goldman Sachs, where she was most recently a US Treasury long bond trader. She is set to start on Monday and will focus on the dollar medium-term interest rate swaps business.

Gourtay and Pabon both join from the New York office of BNP Paribas to cover dollar interest rate swaps products with shorter-dated tenors. Gourtay, whose start date has yet to be confirmed, will take the role of director. Pabon has recently started in his role and is a manager.

The recruits add to the appointment of Benoit Chriqui, who joined in late 2003 from Commerzbank to look after BarCap's global dollar exotics business.

“Our aggressive hiring plan and investment in technology in the past 12 months have allowed us to make significant progress in establishing ourselves as a key liquidity provider to our clients across Treasuries, agencies, derivatives and inflation-linked products,” said Harry Harrison, head of US dollar fixed-income trading.