BTIG has expanded its high yield and distressed desk analytics group with the hiring of industry veterans Elie Radinsky and Mark Palmer, according to the institutional trading and brokerage services firm.
Radinsky was named managing director and head of high yield and distressed analytics at BTIG, and Palmer was hired as managing director, high yield and distressed desk analyst. They both join BTIG’s fixed income desk covering various sectors including health care, chemicals, paper and packaging, banks and finance, energy, autos, retail, reorg. equity and structured products.
Radinsky, who has more than 20 years of industry experience, and comes from Chapdelaine Credit Partners, where he was head of high yield and distressed desk analysts. Prior to that, Radinsky was previously head of high yield and equity arbitrage research at Summit Securities Group. Prior to that, Radinsky was a partner and portfolio manager at Brigade Capital Management, a multi-strategy hedge fund. He began his career covering the healthcare sector and held positions at Jefferies and Citigroup.
Palmer, who brings 13 years of industry experience, joins BTIG from Prudence Holdings, a family office where he served as portfolio manager. Palmer previously worked as a portfolio manger at Resurgence Asset Management and Highbridge Capital Management, among other firms including BlackRock, AIG Global Investment Group.
“We are taking advantage of the consolidation in the high yield space to add talent to our Fixed Income platform,” sated Robert Langer, head of the high yield and distressed Desk. “The addition of Elie and Mark is part of our commitment to providing a broad high yield analytics offering for our clients.” Langer launched BTIG’s high yield and distressed desk in March of 2009 to complement the firm’s equities, fixed income and prime brokerage offerings. The desk is part of BTIG’s fixed income group.