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Jain Global hires Morgan Stanley high-yield trading chief to expand Europe
The hire of Jon Stead targets growth in Jain Global’s European credit trading operation, with a focus on high-yield.
Hedgeweek reports that Jain Global has hired Jon Stead, Morgan Stanley’s head of high-yield trading in London, as part of a move to expand its European credit trading capabilities.
According to the report by eFinancial Careers, the multi-strategy hedge fund could use the appointment to grow its European credit trading operation, potentially adding more activity in high-yield credit.
The change centers on leadership brought in from Morgan Stanley’s high-yield trading business, signaling a renewed push into European credit.
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