Boutique bond-trading firm hires 50 from big rivals - WSJ

June 22 (Reuters) - StormHarbour Partners LP, a firm founded by former Citigroup Inc (C.N) bond trading executives Antonio Cacorino and Fredrick Chapey, has hired 50 traders and bankers from larger financial firms, the Wall Street Journal said.

The hires include about 20 from Citigroup, as well as others from JPMorgan Chase & Co (JPM.N), Goldman Sachs Group Inc (GS.N), Bank of America Corp (BAC.N) and Carlyle Capital Corp, the paper cited StormHarbour as saying.

StormHarbour has also hired Robert Cummings and Sohail Khan from Citigroup, John Stomber from Carlyle and Chris O'Connor, who used to work at Bear Stearns Cos, according to the paper.

"What we're looking to do is to build a global markets firm," Chapey told the paper.

The firm started advising clients on bond trades in June and aims to help investors and bond issuers buy and sell bonds that are hard-to-value, according to the paper.

StormHarbour could not be immediately reached for comment by Reuters. (Reporting by Ajay Kamalakaran in Bangalore, Editing by Ian Geoghegan)