D.E. Shaw & Co. just tapped Max Holmes as the new head of its buy-side distressed group. And though he has changed addresses, Holmes still plans to compile his annual 12 twelve distressed trades of the New Year and send a copy to Mergers & Acquisitions Report, he quipped. Holmes came to D.E. Shaw by way of Royal Bank of Canada subsidiary RBC Dominion Securities Corp., where he founded and helmed its high yield group for more than two years. Holmes reports to Julius Gaudio, a managing director at Shaw who runs the equities group. Holmes works with Daniel Posner, also a new D.E. Shaw recruit, and a Senior VP. Prior to D.E. Shaw, Posner worked at Intermarket Corp. Holmes said he plans to hire two distressed analysts.
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