Phoenix hires Icap CDS broker

Kevin Cronin has joined credit derivatives interdealer broker Phoenix Partners Group.

He joins as a partner in London from Icap where he was an emerging markets broker.

Phoenix started trading in London in October, solely broking CDS products. It specialises in niche CDS markets, such as short end.

Phoenix, which launched in New York in August 2005, plans to make further additions soon. “We are actively seeking more people to fulfil our aggressive plans for growth,” says Nick Stephan, managing

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