Calyon, the corporate and investment banking arm of French bank Credit Agricole Group, made two new additions last week to its U.S. credit markets division. Mariano Goldfischer - who was formerly a high-yield bond, CDS and LCDS trader with Strategic Value Partners - joins the firm's credit markets and CDO trading team focusing 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. Calyon also hired Alexey Dronov for its cash CDO team to focus on loan structuring. Dronov was previously part of the cash CLO team at Morgan Stanley. "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.
GE Asset Management (GEAM) announced that Kathryn Karlic, executive vice president and chief investment officer of fixed income, has been named president of sales and marketing for GEAM's institutional asset management business, where she will lead the firm's efforts to partner with institutional investors. Meanwhile, Paul Colonna, who is currently head of fixed-income total return portfolio management, has been named to succeed Karlic as president and chief investment officer of fixed income. In his most recent role, Colonna has had oversight of all fixed-income total rate of return platforms at the firm, including investment-grade credit, high yield, emerging markets, structured products, bank loans, and municipal bonds. He also had a key role in developing the firm's CDO capabilities. In his new role, he will oversee GEAM's more than $100 billion in fixed-income assets and a team of more than 50 fixed-income investment professionals. He has been a part of the GEAM fixed-income team since 2000.