Wealth firm hires to expand its fixed-income team

Wendy Spires

3 August 2009

Maxim pulls experts in corp. debt, mortgage securities, asset-backed securities. New York-based wealth-management, securities and investment-banking firm Maxim Group has expanded its fixed-income platform with three senior-level appointments.

Sheila McGillicuddy, who used to manage investment-grade bank-loan portfolios for Goldman Sachs , will work on leveraged finance sales and trading. Marc Steinberg, previously the point man for Dinosaur Securities' structured credit business, will conduct collateralised-debt-obligation trading. Michael Kinnear, formerly a corporate-bond trader with Jefferies, will conduct credit trading.

Ongoing expansion

McGillicuddy and Steinberg start as managing directors of Maxim; Kinnear starts as a director.

The new hires "bring a wealth of experience, strong client relationships and a solid work ethic which will support the continued growth of Maxim's fixed income division," according to Armand Pastine, head of Maxim's fixed-income unit. "These appointments are part of an ongoing expansion of Maxim Group's business, which has included the recruitment of multiple senior-level executives in the fixed income space with expertise in corporate debt, mortgage securities and asset-backed securities."

A few months ago, Maxim hired Seitaro Kuno -- formerly a U.S. equities trader with Mitsubishi UFJ Securities -- as its co-head for U.S. and Japanese institutional sales.

Maxim has $5 billion in client assets under management. -FWR

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