Current Banc One Capital Markets Managing Director and head of ABS research strategy Alex Roever has been named North American head of short-term strategy at the post-merger JPMorgan/Bank One entity. In his new position, he will work from the New York office, focusing on cross-sector relative value for securities inside of five years. He will report jointly to Margaret Cannella, head of North American credit research, and Terry Belton, head of fixed-income research. The move does not change the responsibilities of JPMorgan Securities researcher Chris Flanagan, who was named head of global structured products research.
Barclays Capital has hired Patrick Galloway to head its collateralized debt obligation group, according to sources, and he began working there last Monday. Galloway, who in 1999 was co-head of structured finance at pre-merger PaineWebber, will report to Barclays' Vince Balducci, managing director and head of credit derivatives. Galloway was most recently at CDO shop Invesco Inc. Invesco has been a fairly prolific issuer of CDOs, pricing two transactions so far this year alone, most recently a high yield loan-backed deal called Champlain.