Nearly two years to the day from his hire date, Randy White, one of United Capital Markets' star traders, is rumored to have left the firm. White reportedly made his exit on good terms. He joined UCM in late February 2005, as an ABS trader focusing on CDOs and pooled aircraft lease securitizations. Prior to UCM, White was a principal secondary aircraft and CDO trader at Wachovia, dating back to its days as First Union Capital Markets.
Word has it that New York City-based hedge fund Och-Ziff Management Capital Group is hoping to recruit a structured products trader. The global institutional asset management firm, with offices in the U.S., London and Hong Kong, oversees multistrategy hedge funds, and manages more than $16 billion in assets.