Rafael Madrid has left Morgan Stanley to join Jefferies as a managing director in emerging markets credit trading.
London-based Madrid has worked extensively across trading, emerging markets, credit analysis and derivatives over the course of his career, and most recently served as co-head of European CEEMEA trading at Morgan Stanley for a year.
He also previously worked as a CEEMEA credit trader at the firm for more than two years.
Prior to this, he also worked at Goldman Sachs for over four years as an emerging markets trader, and before this held a position as executive director, head of LatAm credit trading at UBS.
Previously in his career, he also worked as a vice president at Deutsche Bank from 2009 to 2013, working across emerging markets external debt.
Read more – Ex-Jupiter AM trader joins Jefferies
Madrid confirmed his new position in an announcement on social media.
Jefferies had not responded to a request for comment at the time of publication.
Madrid’s appointment follows further hires for Jefferies’ credit business over the last few months. In May, Vivian Li joined the firm as head of Asia distressed trading and credit analytics as part of an effort to support Jefferies’ fixed income offering, as revealed by The TRADE at the time.