BTIG LLC, a broker dealer specializing in institutional trading and related brokerage services, appointed Vikas Tandon as managing director and head of high yield and distressed analytics with BTIG's Global Fixed Income Group.
Tandon joined BTIG from Joshua Tree Capital Management, a distressed fund focused on extremely illiquid securities that he founded in 2007. Prior to that, he worked for Lonestar Capital Management, where he was the co-portfolio manager. Tandon also held positions at Donaldson, Lufkin & Jenrette and UBS.
BTIG's launched its global fixed income group in February of this year that is led by Jon Bass, formerly of UBS, and John Purcell, formerly of Citigroup. The group focuses on sales and trading of credit products, covering the full credit spectrum from investment grade to distressed debt, as well as emerging markets and mortgages.