Barclays PLC has named Chris Leonard, the founder of hedge fund Arcem Capital, to lead U.S. interest rates trading, according to an official statement, as Barclays tries to regain traction in the wake of a Libor scandal.
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Chris Leonard is one of the founding partners of Alphadyne Asset Management, whose assets under management grew to $2 billion during his tenure. He then launched his New York-based Arcem Capital's flagship macro fixed-income strategy.
Prior to assuming his latest position in 2005, Mr. Leonard had been a mainstay at JPMorgan, from 1995. He initially served in risk metrics and proprietary trading departments, and was then charged with various roles in fixed income trading. In addition, he was involved in providing financial and Risk Management support for clients who are actively trading commodities, foreign exchange and future contracts.
Nat Tyce, Co-Head of Macro Products at Barclays, commented on the appointment: “Chris has a decade of experience on each of the sell-side and Buy-Side , and brings with him an exceptional breadth and depth of knowledge of the global macro business. Chris’s hire is intended to accelerate our progress in US Rates, helping us optimise commercial risk, build closer partnerships with our clients and grow revenues and market share.”
