BTIG Hires Vikas Tandon to Head High Yield and Distressed Analytics

BTIG LLC has hired Vikas Tandon as managing director and head of high yield and distressed analytics with BTIG’s Global Fixed Income Group, according to an announcement by the institutional agency broker today.

“Vikas is a significant addition to our growing fixed-income team,” commented Steven Starker, co-founder of BTIG, in the release. “His extensive experience will enable us to focus on the credits most important to our clients, and ensure that the form and substance of our analytical reports are of the highest regard,” Starker stated.

Tandon joined BTIG from Joshua Tree Capital Management, a distressed fund focused on extremely illiquid securities that he founded in 2007. Prior to that, he worked at Lonestar Capital Management as the co-portfolio manager. Tandon has also held positions at Donaldson, Lufkin & Jenrette and UBS.

BTIG launched the global fixed-income group in February of this year under the leadership ofJon Bass, formerly of UBS and John Purcell, formerly of Citigroup. The group has rapidly expanded since that time with new hires to cover the sales and trading of credit products, from investment grade to distressed debt as well as emerging markets and mortgages.

Tandon’s background bolsters the firm’s expertise across the credit spectrum, commented Anton LeRoy, BTIG’s COO in the release. “Access to sophisticated credit products has become more important to our clients over the past year as the financial markets have changed, stated LeRoy.

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