Blackstone Taps JPMorgan’s Head of CLO Trading Max Besong

Blackstone Inc. is hiring Max Besong, global head of collateralized loan obligations trading at JPMorgan Securities, according to people with knowledge of the matter.

New York-based Besong exited JPMorgan earlier this week after more than two years at the bank, said the people, who asked not to be named as the matter is private. He’s set to join Blackstone to trade bonds in the $1.3 trillion CLO market, which repackages leveraged loans into securities of varying risk and size, in September, they added. Besong will join the liquid credit strategies group, a person said.

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