Marcel Kfoury was named head of emerging markets credit trading at BlueCrest Capital Management, the $36 billion hedge fund firm run by former J.P. Morgan Chase & Co. trader Michael Platt.
Mr. Kfoury resigned from Nomura Holdings on Tuesday to become credit portfolio manager for the hedge fund, he said Friday in a phone call from London. He will start in January.
BlueCrest, the third-biggest European hedge fund, is luring executives from rival money managers and Wall Street banks as it seeks to build an “investment-bank quality” trading group, pushing traders to avoid big bets on the direction of bond prices and instead benefit from smaller market anomalies, according to its website. The firm has increased its assets under management by about $7 billion since the end of 2011.
Mr. Kfoury will help manage part of a $2 billion emerging markets fund, he said, declining to be more specific. Before joining Nomura, he worked at Deutsche Bank as a credit derivative swap trader, he said.
A spokeswoman for London-based BlueCrest, who asked not to be identified, declined to comment. A spokesman for Nomura wasn't immediately available.
