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Dennis Lafferty, one of Goldman Sachs’s top distressed-debt traders, is in talks to join HSBC to run a new loans and special situations unit in New York, according to two people with knowledge of the matter.

Bloomberg News reports that Lafferty is a managing director at Goldman Sachs and served as co-head of distressed-debt trading with Tom Tormey and Jerry Keefe. Tormey was elevated to the position of partner in November and Keefe left the bank for a hedge-fund firm in March.

In the meantime, Reuters reports that Gaetano Bassolino, head of FIG and emerging markets client solutions for the EMEA region at UBS, is to move to Asia to take on the role of head of debt capital markets clients solutions for the region, according to an internal memo seen by IFR.

Bassolino will relocate to Hong Kong and start in the newly created role on November 1 and will report to Fabio Lisanti, global head of DCMCS globally. 

Goldman Credit Trader Lafferty Said in Talks to Join HSBC

Bassolino moves to Asia as UBS merges public and private

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