Execution Ltd extends fixed income team

Agency broker Execution Ltd has made five hires in its fixed income division, which launched in July this year.

Olivier Dega will run French sales from a new office in Paris. Dega has 12 years’ experience in fixed income sales and covered French accounts at Credit Suisse.

Michael Leonard will start as a sterling specialist, covering UK asset managers, insurance companies and pension funds. Leonard was a sterling credit market-maker at JP Morgan and Deutsche Bank before joining Credit Suisse Asset Management as a sterling portfolio manager.

Karolina Kalkantara joins as a product specialist with over 10 years’ experience in the asset-backed markets. She has worked at Deutsche Bank, WestLB and Calyon, where she was a consultant on the structured credit trading desk. In her new position, Kalkantara will cover Greek and Cypriot accounts on all asset classes.

Jaren Yeo comes to Execution from Citi, where she latterly traded asset-backed securities. Prior to this she was a correlation trader. Also joining is Toby Rackliff, who was a money-market fund manager with ABN Amro. Rackliff will focus on money market credit sales.

The hires bring the total number in the division to 14, which is expected to grow to 25 by the first quarter of 2010.