Dean Catton has been named head of European credit trading at BlackRock following the departure of Nikhil Sethi. His new position puts him in charge of a team that is trading for, and advising on, strategies for fundamental, systematic and index investing in investment grade, high yield, leveraged finance and asset-backed securities (ABS) in Europe.
Catton joined BlackRock in 2021 as the head of European leveraged finance trading, from Banco Santander, where he had been a credit trader.
His career has seen him take in a wide variety of roles across buy- and sell-side firms, including UBS, Elgn Capital and Goldman Sachs, where he began his capital markets career as a risk manager and product controller.
Paras Shah has joined Deutsche Bank as director of EMEA high yield credit trading, having left BTIG after just over a year at the firm. Shah had been promoted to managing director and head of EMEA credit trading at BTIG in November 2022.
He has worked across dealer and buy-side trader roles, as a fixed income institutional trader for Sun Global Investments, as Citi’s head of EMEA high yield trading for several years and as a director in HSBC’s sterling and high yield credit trading team, having joined HSBC in 2011 as a graduate trainee.
Morgan Stanley has poached Cyrus Framjee from HSBC, appointing him head of US dollar rates trading in London. Framjee had previously been HSBC’s head of dollar bloc rates trading for HSBC since 2017, and head of US dollar rates trading for London.
©Markets Media Europe 2023
