High-Yield Corporate Bond Trader

eFC logo

Fred Hanson

15 E 52nd St.

New York, NY 11234



Finance professional proficient in all aspects of high yield fixed income trade cycle


- Experience with all aspects of operations in distressed security trading.

- Market maker for 12,000+ financial advisors.

- Consistent top gross revenue producer.


Smith Barney, New York, NY 2004 - Present

Vice President, Distressed Debt Global Retail Trading. Sole retail trader for over 12,000 financial advisors worldwide.

- Made markets as sole high-yield retail trader for auto, healthcare, and retail sectors.

- Produced over $1,000,000 net profit every year during tenure.

- Coordinated trade flow across multiple firm trading for both retail and institutional sales.

- Averted costly advisor errors via due diligence regarding Blue Sky Laws and qualified institutional buyer eligibility.

- Maintained appropriate levels of capital risk taken by the trading desk.

- Monitored institutional traders' positions and bid/ask.

- Conducted comprehensive credit analysis with research analysts to uncover investment ideas and opportunities.

Merrill Lynch, Pierce, Fenner, and Smith, New York, NY 2000 - 2004

Assistant Vice President, Operations for Global Distressed Trading. Responsible for operations in high yield and distressed debt trading.

- Coordinated operations between trading and settlement desks, legal, accounting, retail, and dealer desk.

- Managed all tender offers, 144A public registrations, and 144A-RegS funges.

- Established settlement protocol for internal money transfers.

- Pushed proxy voting, unit splits, and warrant exercise information to the corporate action department.

- Back-up retail trader for high yield and distressed debt securities.

- Made markets for odd lots in over 100 securities.

- Maintained order flow and risk transactions for the sales force.

- Executed preferred stock trades on NASDAQ workstation.

UBS Investment Bank, Stamford, CT 1998 - 2000

Associate Director, Junior Trader - Global Credit Strategies.

Junior trader for a $2 billion leveraged finance portfolio of high yield and distressed corporate bonds, bank loans, credit default swaps, and equity indices.

- Assisted in setting up the first fixed income proprietary trading desk.

- Executed trades for portfolio companies.

- Received 3-month intensive Graduate Training Program covering fixed income, equity and rates, and rotated through 6 different trading desks. Received the second highest score in internal Fixed Income exam among 160 participants

- Managed high yield hedging book, reducing interest rate exposure by 90% with interest rate swaps.

- Monitored risk in leveraged finance portfolio.

- Maintained mark-to-market report to ensure capitalization remains within limits.

- Compiled desk trading data and daily trading summary.


B.S. in Business Administration, State University of New York Fredonia (1998)

NASD Series 7 General Securities Representative

NASD Series 31 National Futures & Commodities

NASD Series 66 Uniform Combined State Law (covers Series 63 & Series 65)

Keywords: MarketAxess, QIB eligibility, high yield securities, distressed security, trading

Popular job sectors


Search jobs

Search articles