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Latest to leave Lehman's emerging markets
Joseph Bencivenga, who last month joined the ranks of recent departures from Lehman Brothers, has landed at BT Securities Corp., where he'll join the high-yield capital markets group as a managing director, sources said.
The move to BT Securities, the Section 20 subsidiary of Bankers Trust Co., marks Bencivenga's return to high yield, a sector he left in April 1995 to join Lehman as managing director and head of emerging markets equity products development. Prior to joining Lehman, Bencivenga had carved out a name for himself in junk bonds with five years at Salomon Brothers, where he eventually became co-head of high-yield, highgrade and emerging markets corporate bond research. Before joining Salomon he was a high-yield research director for Drexel Burnham Lambert.
BT did not return phone calls regarding Bencivenga's hiring, but a member of the high yield capital markets desk claimed...