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Re: warcton post# 195011

Wednesday, 05/05/2010 12:44:48 AM

Wednesday, May 05, 2010 12:44:48 AM

Post# of 732244
John Abate, head of distressed and loan trading at JPMorgan, has left the firm to join Silver Point Capital, an activist hedge fund founded by ex-Goldman Sachs partners, LeveragedFinanceNew.com has confirmed...

JPMorgan has no plans to hire a new distressed trader. In February the bank hired Peter Lapina, formerly a distressed trader at Citigroup. The firm also recently hired Joe Beggans, formerly a senior bond distressed trader at Lehman Brothers, and Joe Faughnan, previously a high yield trader at Bank of America.

http://www.leveragedfinancenews.com/news/184403-1.html

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