Macquarie Capital Announces New Hires in US Credit Sales Team
July 13 2017 - 3:30PM
Business Wire
- John Florio rejoins Macquarie Capital
as Managing Director
- Emma Yan joins as Vice President
- Appointments further align credit sales
and trading desk with Macquarie Capital’s DCM platform
Macquarie Capital, the corporate advisory, capital markets and
principal investing arm of Macquarie Group (“Macquarie”) (ASX:MQG;
ADR:MQBKY), today announced two appointments in its US Credit Sales
and Trading Desk in its New York office.
Bringing more than 25 years of loan sales and sourcing
experience, John Florio rejoins Macquarie Capital as a Managing
Director, focusing on building a stressed and distressed asset
agency trading business. The business complements the existing
credit sales and trading activities around par loans and provides
customers with a path to liquidity for assets in the distressed
market.
Mr. Florio, one of the founding members of Macquarie’s Credit
Sales and Trading Business, previously managed the firm’s global
distressed sales team. Most recently, he was a Managing Partner
with Lake End Debt Consulting, where he sourced and sold stressed
and distressed loans on behalf of commercial banks and various
credit funds. Prior to Lake End, Mr. Florio was a Managing Director
at Brean Capital, where he focused on bank source loaning efforts
for the firm’s fixed income debt trading unit. He has held a number
of distressed loan sourcing positions at Lehman, DLFJ and Deutsche
Bank. In addition to expanding Macquarie’s trading desk and
stressed and distressed loan trading efforts, Mr. Florio’s deep
client relationships and proven trading expertise will help expand
account coverage for new issue distribution.
Emma Yan joins Macquarie’s desk as a Vice President covering
commercial banks, insurance companies, CLO managers and other
institutional investors. Ms. Yan joins from Bank of Montreal’s
(“BMO”) leveraged loan and high yield sales desk. She has worked on
a variety of leveraged finance transactions and has a broad range
of account relationships that will further augment Macquarie’s
client coverage.
“I’m delighted to welcome John back to Macquarie. As one of the
original members of the Credit Sales and Trading Business, he has
an innate understanding of the strength of our franchise and was
instrumental in our early success. Both John and Emma will
strengthen our new issue distribution, distressed loan and
secondary trading capabilities," said Andy Stock, Senior Managing
Director and Head of Credit Sales and Trading for Macquarie
Capital. "As the amount of client activity increases, Macquarie’s
Debt Capital Markets business continues to grow. We are
strengthening our distribution platform as a direct result of the
continued growth of Macquarie's DCM business. The addition of John
and Emma, as well as the recent hiring of Head Loan Trader Bill
Dobson aligns us for further DCM growth and will allow us to better
serve our client base.”
Mr. Florio received his Bachelor of Science from Clarkson
University. Ms. Yan received her Bachelor of Science from the
University of Illinois at Urbana-Champaign.
About Macquarie Group
Macquarie Group (Macquarie) is a global provider of banking,
financial, advisory, investment and funds management services.
Macquarie’s main business focus is making returns by providing a
diversified range of services to clients. Macquarie acts on behalf
of institutional, corporate and retail clients and counterparties
around the world. Founded in 1969, Macquarie operates in more than
70 office locations in 28 countries. Macquarie employs
approximately 13,597 people and has assets under management of more
than $367 billion (as of March 31, 2017).
Macquarie Capital comprises Macquarie Group’s corporate
advisory, capital markets and principal investing capabilities.
Macquarie Capital’s expertise spans a variety of industry sectors
including telecommunications, media, entertainment, gaming,
financial institutions, energy, resources, real estate,
infrastructure, utilities and renewables.
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Macquarie GroupRishi Sharma, +1-212-231-0494Corporate
Communications
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