Creditflux Newsletter

Uncertainty surrounds the future of the alternative credit business at Barclays Global Investors ahead of the firm’s acquisition by Blackrock.

It has emerged that one of the San Francisco-based firm’s leading figures in the structured credit and alternative fixed income business has left ahead of the takeover. Long-time BGI official Brian Zalaznick left the firm in the summer.

Zalaznick spearheaded BGI’s involvement in both CDOs and alternative fixed income management. The firm moved into long-short credit strategies in 2004, and also managed a number of cash and synthetic CDOs. Most recently, Zalaznick carried the title of head of opportunistic fixed income investments at BGI, but he was perhaps best known as the firm’s global head of CDOs.

Before joining BGI, he worked in fixed income sales and trading at investment bank Donaldson Lufkin & Jenrette, which became part of Credit Suisse during his time there. Zalaznick joined DLJ in 1999 from Bear Stearns.