BTIG hires experienced credit specialist, plots growth

Anthony Mannello, formerly a high-yield and loan sales specialist at FTN Financial, has joined BTIG as a managing director of its Fixed Income Credit unit. Mannello will work out of the New York office of BTIG and will report to Darren Haines, managing director and co-head of Fixed Income Credit. In a statement Monday, Haines expressed confidence that “Tony will be a strong addition to our team,” and added, “we look forward to him enhancing our credit platform. Given his experience building client relationships, we expect him to help us grow and scale as he solidifies new business for the firm.” Mannello will focus on distressed credit, leveraged loans, and special situations. Before FTN, Mannello worked at Stifel Nicolaus, within Fixed Income Sales. He has also worked at Gleacher & Company (investment grade trading and sales), and Goldman Sachs (equity specialist). He began his career at Spear, Leeds and Kellogg. A spokesperson for BTIG said that there are at present 60 colleagues working in the Fixed Income Credit division. That number could get as high as 120 in 2021. BTIG “plans to add professionals in the U.S. and at our affiliates in Hong Kong and London,” the spokesperson added. BTIG’s global fixed income credit platform focuses on sales, trading, sourcing and strategy for a wide range of products including bonds, leveraged loans, trade claims, special situations and high yield, distressed, convertible and private securities. It described it as “one of the fastest-growing areas at the firm". The expansion comes at what may be a turning point in that market. Data from eVestment says that funds focused on fixed income and credit saw large outflows (more than $9 billion) in the second quarter of 2020, but then made up some of this ground with inflows of $3.7 billion in the third quarter. BTIG is a multinational financial services firm with offices throughout the United States and with affiliates in Europe, Asia and Australia.

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