Prudential Financial's Prudential Fixed Income Management appointed Sara Bonesteel to head up its efforts in identifying new opportunities in the structured asset management space. Bonesteel will also be responsible for developing financing strategies and relationships for its many businesses, including its hedge strategy, CDOs and insurance businesses. Most recently, Bonesteel served as senior managing director at Bear Stearns financial analytics and structured transactions group.
Jefferies Group appointed Chander Gupta as head of European ABS and MBS trading. Gupta will work with the firm's European customers on U.S. mortgage products and create a franchise in European ABS and MBS. Before Jefferies, Gupta was a managing director at Royal Bank of Scotland (RBS) in charge of European ABS trading. He worked at RBS for eight years and has more than 15 years of securities industry experience.