Guggenheim Capital Markets (GCM), a subsidiary of Guggenheim Partners, expanded its U.S. fixed-income rates trading group and appointedThomas L. di Galoma and three members of his team from Jefferies. The group will be based in GCM’s New York office.

As managing director and head of the U.S fixed-income rates trading group, di Galoma will oversee Treasury, agency and repo trading, sales and research.

Di Galoma was most recently managing director and head of U.S. government bond trading at Jefferies. Before that, he was a senior vice president at Merrill Lynch, covering interest rate and liquidity product accounts in the U.S. and Europe. Earlier in his career, di Galoma was director of fixed-income and derivative sales at Paribas and director of fixed income sales at Smith Barney.

di Galoma is joined by his three colleagues from Jefferies. Jason Rogan was named director of U.S. government trading. Rogan traded the 5- to 10-year sector and Treasury interest-protection securities (TIPS) at Jefferies for the past six years and prior to that was with Merrill Lynch.

Bob Holly joins as director and relative value strategist. Holly spent over 20 years in the relative value space, most recently as strategist and senior vice president at Jefferies, and was formerly president of Bengal Partners.

Caroline Ledbetter is a vice president in rates sales and will be responsible for covering Treasury and agency accounts. Ledbetter previously worked for Jefferies and, before that, UBS

“We are very pleased to welcome Tom and his team,” said Ron Iervolino, head of GCM’s sales and trading desk. “Under Tom’s leadership we look forward to taking advantage of the increased level of Treasury supply anticipated in the coming years as well as the trading of securities involved in other government guaranty programs. Tom’s broad and diverse experience and relationships in the U.S. and Europe will significantly extend the firm’s capacity with institutional investors.”

“I am thrilled to be able to make this transition with key members of my team,” said di Galoma. “It is a perfect opportunity that has arisen at an ideal time, and I look forward to building the group into a premier rates trading platform.”

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