Brevan Howard rehires rates-trader Chris Cecere
August 15 2014 - 5:27AM
Dow Jones News
By Katie Martin And David Enrich
Hedge fund giant Brevan Howard Asset Management LLP has hired
back Chris Cecere, an interest-rates trader who was involved in
investigations into efforts to rig benchmark interest rates, people
familiar with the matter said.
Mr. Cecere last joined Brevan after leaving Citigroup Inc. in
2010. He was criticized by Japanese authorities in 2011 for his
alleged role in efforts to rig the London Interbank Offered Rate,
or Libor, in an investigation that has resulted in billions of
dollars of fines for several banks. He then moved to Element
Capital Management LLC in New York. Now he is rejoining Brevan. A
spokesman for the fund declined to comment.
Earlier this week, The Wall Street Journal reported that Brevan
Howard was returning to its roots with a renewed focus on
interest-rates trading.
Write to Katie Martin at katie.martin@wsj.com and David Enrich
at david.enrich@wsj.com
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