As ailing companies pile up, RBC snaps up key hires in distressed-credit trading
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The timing of the hires "lined up perfectly," but they're part of a broader effort to bolster the firm's leveraged finance trading platform, RBC execs Adam Savarese and John Maggiacomo said. Jim Russo, formerly a portfolio manager at hedge fund PointState Capital, started at RBC as a director in distressed credit trading last week. Before PointState he spent six years in distressed sales at Citigroup, and he worked at Barclays and Lehman Brothers during the last economic crisis.
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