Erez Biala Joins as Co-Head of CLO/CDO Trading

NEW YORK & LONDON--(BUSINESS WIRE)-- Jefferies today announced the appointment of Erez Biala as a Managing Director and Global Co-Head of Collateralized Loan Obligation (CLO) and Collateralized Debt Obligation (CDO) Trading.

Mr. Biala will partner with Sharif Anbar-Colas, Global Co-Head, in managing the firm’s CLO/CDO trading business within the broader Mortgage- and Asset-Backed Securities (MBS/ABS) Group. The firm’s MBS/ABS Group, part of the Fixed Income Division at Jefferies, now includes approximately 100 sales, trading and origination professionals in the US, London, Tokyo and Hong Kong.

“We are pleased to welcome Erez to Jefferies and believe his broad experience and strong relationships will significantly extend Jefferies’ reach and add value to our clients globally,” commented Tim Cronin, Global Head of Fixed Income at Jefferies. “This hiring further extends the scope of our global fixed income business.”

In a joint statement, Johan Eveland and William H. Jennings II, Co-Heads of the Global MBS/ABS Group at Jefferies, said: “We continue to build out Jefferies’ asset-backed trading effort globally, and Erez’s knowledge, experience and relationships in trading CLOs and CDOs will make an immediate contribution to the firm’s leading platform.”

Jefferies’ broader fixed income business now has more than 500 professionals globally who are focused on the sales and trading of investment grade corporate bonds, high yield bonds, government and agency securities, repo finance, mortgage- and asset-backed securities, municipal bonds, whole loans, leveraged loans, distressed securities and emerging markets debt.

Mr. Biala brings to Jefferies nearly 10 years of experience in the structured markets, and joins the firm from Barclays Capital, where he was a member of the Distressed Special Situations trading effort. Previously, he focused on CDO trading and origination for five years at Lehman Brothers. Prior to that, he worked in Morgan Stanley's CDO origination team. Mr. Biala received his MBA from the Stern School of Business at NYU and his ScB in Applied Mathematics-Economics from Brown University.

CONTACT:

Tom Tarrant, Jefferies, +1 203 708 5989, ttarrant@jefferies.com
Desiree Maghoo, Jefferies, + 44 20 7029 8085, dmaghoo@jefferies.com
Josh Passman, CJP Communications, +1 212 279 3115, x203, jpassman@cjpcom.com

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