US institutional brokerage Concept Capital has hired Allen Oppici, a former Credit Suisse executive, as director of fixed income sales and trading, marking the firm’s entry into the fixed income market.
In his new role, Oppici will oversee the launch and growth of Concept’s fixed income business. He plans to hire several sales personnel for the firm’s trading desk in Q1 this year. Further appointments are expected throughout the year as the fixed income unit expands.
Oppici’s appointment closely follows Concept’s hiring last month of former Citigroup executive Robert E. Moore to head its global institutional trading and research business. Concept is planning to triple the size of its institutional sales and trading team during 2009.
Oppici has more than 20 years’ experience in the securities, including 13 years at Donaldson, Lufkin & Jenrette (DLJ) and subsequently Credit Suisse, where he was director of fixed income trading. Credit Suisse bought DLJ in 2000.