LONDON, UNITED KINGDOM--(Marketwire - Jan. 23, 2013) - KNG Securities LLP ('KNG'), the independent fixed income specialist, today announces the appointments of Derrick Lockley and Gwenaël Fort to its convertible bonds team, as the firm strengthens its presence in the European convertible bonds market.
Derrick and Gwenaël's extensive experience will bolster KNG's convertible bonds expertise, where they will have co-responsibility for further developing the business' European convertible franchise.
Derrick is a senior convertible bonds trader with almost 20 years' experience and joins from Salomon Brothers/Citigroup Global Markets where he was latterly Managing Director of European Convertible Bonds. Gwenaël is a senior convertible bonds flow and sales trader with 11 years' experience and joins from Commerzbank having previously held positions at Morgan Stanley and Merrill Lynch. He will play a key role in developing KNG's business with French clients.
Their arrival follows five other hires made 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.
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.
Nick Nugent, Managing Partner and Joint Head of Convertibles, commented:
"We are delighted that Gwenaël and Derrick have joined KNG. Convertible bonds have been an important part of the business since we were founded in 2003 and their combined experience will play a key role in strengthening our team and supporting the firm's continued growth. Their arrival will help the business reach a wider range of clients by expanding both our product range and geographic footprint."
About KNG Securities
KNG Securities LLP (KNG) is an independent fixed income specialist, dealing in a range of products across fixed income, convertible bond and debt capital markets. Established in 2003, KNG combines the international experience of its principals with a personal, unbiased and client-focused approach to provide a first class service to its institutional client base. Headquartered in London, KNG employs a unique cross-regional model to generate liquidity in mixed market conditions, especially for less liquid assets. For more information visit www.kngsecurities.com.