The hire ground


For banks, credit derivatives have proven to be the only bright spot in the current market gloom. As a result, firms are hiring credit derivatives traders, quants and marketing staff at a time when jobs are being shed in most other investment banking departments. “Most people are looking for a presence in credit derivatives,” says Cameron Thomson, a director at recruitment firm Elliott Ross Associates, based in London, which has placed a number of credit derivatives staff in banks recently.

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