R.W. Pressprich expands trading teams in high yield, distressed, more

By Jennifer Chiou

New York, Dec. 23 - R.W. Pressprich & Co. announced the hiring of 19 experienced professionals, including 15 new salespeople and traders plus individuals for research, compliance, risk and accounting, to help bolster, in part, its high-yield and distressed debt teams.

"Looking forward, we see continued growth across the spectrum of high-grade, high-yield and distressed markets as well as in select equity products," Joe Calvo, president and chief operating officer, said in a news release.

The employees join the company's offices in New York, Boston, Chicago and Minneapolis.

The new hires include:

• Brian Donnelly with 27 years in the securities business, including 21 years at Merrill Lynch, where he was a managing director. His area of expertise is high-grade corporates;

• Jeff Golbus and Clay Smith, both from Deephaven Capital. Golbus will be responsible for trading airlines and P&C insurance, and Smith will be responsible for bank loan sales and research;

• Michael Goodwin, high-yield, distressed, equities and loan sales;

• David Hanig, high-yield, distressed, equities and loan sales;

• David Kreidler, bank loan trading;

• Ray Rivers, equity and convertible securities trading;

• Rowland "Chip" Bankes, convertible bond and equity sales; and

• Neil Sivertson, equities, high-yield and distressed sales.

Based in New York, the company is an independent fixed-income and equity broker-dealer. The firm turned 100 this year.

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