Broker dealer BTIG expanded its emerging markets fixed income platform by hiring Alfredo Chang and Patrick O’Sullivan. The new hires bring more than 15 years of experience to the firm.

Chang and O’Sullivan join the recently formed emerging markets team that is headed by Alex May, formerly from Smith Barney and Salomon Brothers/Citigroup. The team also includes William Dolan, emerging market bond trader, formerly from Merrill Lynch and Citigroup/ Salomon Brothers; Ralph Dalton, emerging markets sales, formerly of Merrill Lynch; and Ariel Grignafini, emerging markets desk analyst who joined BTIG from Deutsche Bank.

Chang joins BTIG’s fixed income team as managing director of emerging markets sales. He was previously the global head of emerging markets fixed income for Lehman Brothers Asset Management. Before Lehman, he spent seven years at GE Asset Management leading its $1.5 billion emerging markets fixed income build-out and co-managing its high-grade fixed income portfolio. Chang also worked at AIG, where he was part of the firm’s foreign exchange committee. Over his career, Chang has managed fixed income, local market rates, foreign exchange, corporate credit, and structured products globally.

O’Sullivan joins BTIG’s emerging markets trading team. He brings 20+ years of experience in the financial arena, and 15 years trading/sales experience in the emerging markets corporate/sovereign/structured product space. As a director at Merrill Lynch Bank of America, O’Sullivan had senior sales/trading, syndicate and structured product development responsibilities on the private banking trading desk, and before thatthat he had trading responsibilities on the institutional cash trading desk in the LATAM space.

“Over the last nine months we have expanded our team to include 75 of the strongest fixed income professionals on Wall Street focused on serving our growing institutional client base,” said Jon Bass, co-head of global fixed income at BTIG. “Both Alfredo and Pat bring significant experience to this effort.”

“We have made an early impact in Emerging Market Credit sales and trading in the Americas and see an opportunity to replicate our model globally. As a mid-sized firm we are able to move quickly to meet our clients’ needs,” May said. “We are excited to welcome Pat and Alfredo to our team.”

The gobal fixed income group was launched in February of this year by Bass, formerly of UBS, and John Purcell, previously of Citigroup. The group focuses on sales and trading of credit products, which cover the full credit spectrum from investment grade to distressed debt.

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