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Calyon further beefs up its CDO team

furtherCalyon, the corporate and investment banking arm of French bank Credit Agricole Group, made two new additions to its U.S. Credit Markets division. Mariano Goldfischer, who was formerly in high yield bond, CDS and LCDS division at Strategic Value Partners, joins Calyon's credit markets and CDO trading team with a focus on developing loan trading activities including cash and derivatives trading. He will also be managing the loan TRS trading book and report to Thomas Spitz, head of credit markets and CDO trading Americas.

Also joining the team is Alexey Dronov, previously part of the cash CLO team at Morgan Stanley, who will join the cash CDO team with a focus on loan structuring.

"Having successfully built a U.S. ABS CDO platform, we plan to expand our cash CDO structuring activities in the leverage loan space including both cash and LCDS. We believe our capacity to propose innovative structures and provide high quality execution, coupled with Calyon's expertise in the synthetic space, will enable us to successfully develop a market-leading CLO franchise," Zain Abdullah, head of credit markets and CDO Americas, said in a release.

The firm has made 15 hires in the U.S. credit market division in the past year as part of an ongoing development plan.

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