(Bloomberg) — Oppenheimer & Co. hired three people from Sterne, Agee & Leach Inc.’s fixed-income sales team, according to a person with knowledge of the moves.
Edward LaScala, Chris Sanford and Paul Cappelli started last week on Oppenheimer’s credit sales team in New York, focusing on investment-grade corporate bonds, said the person, who asked not to be identified because he isn’t authorised to speak publicly on the matter. The team reports to Peter Albano,
managing director of fixed-income sales. LaScala, Sanford and Cappelli declined to comment.
Prior to joining Oppenheimer, the team spent a year working on Sterne Agee’s sales group after working together on Citigroup Inc.’s institutional credit sales group. Oppenheimer hired LaScala as a managing director, Sanford as an executive director, and Cappelli as a director, said the person.
LaScala joined Citigroup in 2007 after 23 years at various firms on Wall Street, including Salomon Brothers Inc., Credit Suisse Group AG and Societe Generale SA. In addition to sales,
he’s worked in credit trading, origination, and syndicate positions, according to an August 2013 statement on his hiring at Sterne Agee.
Sanford joined Citigroup after four years at Delaware Investments, which oversaw $400 billion in assets as of March 31, and where he began his career in 2008 and traded industrials, bank and finance positions. Cappelli worked at HSBC Holdings Plc as a foreign exchange analyst for one year before
joining Citigroup in 2005.