Maxim expands fixed income platform with senior hires

Investment banking firm Maxim Group has announced the expansion of its fixed income platform with the appointment of three New York-based senior level executives. Sheila McGillicuddy joins as a managing director, leveraged finance sales and trading, Marc Steinberg as a managing director, CDO trading, and Michael Kinnear as a director, credit trading.

McGillicuddy brings more than two decades of distressed credit sales and trading experience to Maxim. Prior to joining the firm, she was a vice president and head of investment grade loan capital markets and created the high grade syndicate loan business. Before that, she was a director of loan execution and portfolio management at Merrill Lynch, where she structured loans for syndication in the primary market. She also served in similar capacities in the leveraged loan sector at Chase Securities, Westdeutsche Landesbank and the Fuji Bank.

Steinberg will be responsible for trading and selling CDOs. Prior to joining Maxim, he was with Dinosaur Securities where he was responsible for building out the firm's structured credit business. Previously, Steinberg was head of the alternative funding business unit of Lehman Brothers in London, where he executed and traded its first European CRE CDO. Prior to Lehman, Steinberg spent six years at Morgan Stanley where he was responsible for expanding the firm’s synthetic CDO business.

Kinnear will be responsible for middle market and customer flow trading of high grade and crossover TMT as well as customer flow trading for the bank and finance corporate bond sectors. Prior to joining Maxim, Kinnear was at Jefferies & Company where he traded various investment grade corporate bond sectors across multiple electronic platforms. Previously, he was a credit derivatives trading analyst at Barclays Capital.