Broker dealer BTIG has started a fixed income group and hired recently departed executives from UBS and Citigroup. The firm has hired Jon Bass and John Purcell as co-heads of global fixed income.

Bass resigned as head of the U.S. fixed-income group at UBS last week. He had also served as head of all U.S. fixed-income distribution. He was a managing director of corporate sales at Citigroup before joining UBS.

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