Jefferies appointed Erez Biala as a managing director and global co-head of CLO and CDO trading. 

Biala will partner with Sharif Anbar-Colas, global co-head in managing the firm’s CLO/CDO trading business within the broader MBS/ABS group, according a press release from Jefferies.

The firm’s MBS/ABS group, which is part of the fixed-income division at Jefferies, now has around 100 sales, trading and origination professionals in the U.S., London, Tokyo and Hong Kong.

Biala brings to Jefferies nearly 10 years of experience in the structured markets, and joins the firm from Barclays Capital where he was a member of the distressed special situations trading effort. He previously focused on CDO trading and origination for five years at Lehman Brothers. Before that, he worked in Morgan Stanley's CDO origination team.

“We are pleased to welcome Erez to Jefferies and believe his broad experience and strong relationships will significantly extend Jefferies’ reach and add value to our clients globally,” commented Tim Cronin, global head of fixed-income at Jefferies. “This hiring further extends the scope of our global fixed income business.”

“We continue to build out Jefferies’ asset-backed trading effort globally, and Erez’s knowledge, experience and relationships in trading CLOs and CDOs will make an immediate contribution to the firm’s leading platform,”  Johan Eveland and William H. Jennings II, co-heads of the global MBS/ABS group at Jefferies, said in a joint statement. 

Jefferies’ broader fixed income business now has over 500 professionals globally who are focused on the sales and trading of MBS/ABS, distressed securities. leveraged loans, high yield bonds, investment grade corporate bonds, government and agency securities, repo finance, municipal bonds, whole loans and emerging markets debt.

 

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