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KNG Securities expands convertibles reach with Lockley and Fort hires
By Susanna Moon
Chicago, Jan. 23 - KNG Securities LLP said it hired Derrick Lockley and Gwenael Fort to its convertible bonds team to bolster its presence in the European convertible bonds market.
Lockley and Fort will have co-responsibility of further developing KNG's European convertible franchise, according to a company press release.
Lockley is a senior convertible bonds trader with almost 20 years of experience and joins from Salomon Brothers/Citigroup Global Markets where he was managing director of European convertible bonds.
Fort is a senior convertible bonds flow and sales trader with 11 years of experience and joins from Commerzbank and previously held positions at Morgan Stanley and Merrill Lynch. He will play a key role in developing KNG's business with French clients, the release noted.
Their arrival follows five other hires by KNG over recent months including that of managing partner and head of fixed income Andrea Podesta, who joined the firm last year from Bank of America Merrill Lynch, the company said.
"These appointments form a key part in KNG's growth strategy as the business looks to take advantage of the continued migration of experienced executives from bulge bracket firms to client-focused, specialist platforms," the company said in the release.
Lockley and Fort "will help the business reach a wider range of clients by expanding both our product range and geographic footprint," Nick Nugent, managing partner and joint head of convertibles, said in the release.
KNG Securities is an independent fixed-income specialist, dealing in a range of products across fixed income, convertible bond and debt capital markets. The company is based in London.
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