SC Lowy names Hussein Nasser as Head of European Bond Trading
New position to replicate successful Asian model – target growth in European high-yield
2 June 2015 Hong Kong – SC Lowy, the only independent fixed income specialist with full investment bank capabilities, has named Hussein Nasser to lead its bond trading business in Europe.
Appointed to the new position of Head of European Bond Trading, Mr Nasser will oversee the expansion of SC Lowy’s high-yield bond trading into the European market. SC Lowy has timed its entry to take advantage of an expanding euro high-yield market after consolidating its position as an established loan trader in Europe. Mr Nasser will be based in London.
“Hiring Hussein to launch our bond trading business in Europe is a decisive next step in our growth strategy,” says Michel Lowy, chief executive and co-founder of SC Lowy.
“We believe that a niche player with specialist expertise, a flexible approach and strong balance sheet can succeed in an illiquid market in which regulatory reforms have forced the bulge brackets to retreat,” he adds.
“Our successful model pioneered in Asia reinforces this belief. We now extend our commitment to Europe, which is a much bigger and deeper market,” says Mr Lowy
Hussein Nasser, Head of European Bond Trading
Prior to joining SC Lowy, Mr Nasser was Managing Director, Head of European Corporate Credit Trading at Nomura International in London. He was promoted to this position from Executive Director, Senior Trader in 2011. He also served as a High Yield Trader at Lehman Brothers and as a Vice President at Dresdner Kleinwort Wasserstein. He has an economics degree from the London School of Economics.
“Conditions in the euro high-yield arena favour a firm like SC Lowy,” says Mr Nasser. “Low rates help keep fund flows into the high-yield market healthy, providing a stable backdrop for issuance and secondary activity.”
Traditional liquidity providers such as banks, he explains, are pulling back from providing efficiency capital and risk in the high-yield market due to regulatory capital pressures. This has created a timely opportunity for those able and willing to provide efficiency and risk capital to the market.
“SC Lowy has become a formidable bond trader in Asia. It’s entry into Europe now represents a natural extension in its global strategy,” says Mr Nasser.
About SC Lowy
SC Lowy is an independent fixed income specialist with full investment bank capabilities. Its strong balance sheet empowers it as a major market-maker and enables it to provide liquidity options while acting as principal in transactions.
Private and employee-owned, it operates three distinct businesses – Primary Issuance, Secondary Trading and Advisory, focusing on loans, bonds, trade claims and special situations. Its strong research capability covers energy, infrastructure, manufacturing, telecom & media, metals & mining, financials, shipping and real estate.
Headquartered in Hong Kong with offices in London, New York, Seoul and Sydney, SC Lowy has built a top-tier global client network of over 500 international and regional banks, asset managers, hedge funds, private equity and pension funds, family offices and corporations.
For more information, visit www.sclowy.com.