Calamos Asset Management, Inc. has hired David H. Schabes, 48, as an executive vice president and director of alternative products.
In this new position, Schabes is responsible for expanding and managing the company’s alternative investments strategy, which includes hedge funds, private investment partnerships and other non-registered investment vehicles. He reports to Nick P. Calamos, senior executive vice president and co-chief investment officer.
Schabes joined Calamos Asset Management from Bank One, where he most recently was chairman and chief executive officer of Banc One Capital Markets, Inc. In that role, his responsibilities included fixed income, interest rate and equity derivatives, foreign exchange, tax-oriented and mezzanine investments, syndicated lending, asset-backed finance and commercial finance. He joined Bank One in 1995. Schabes’ 23 years in financial services include positions in derivatives and foreign exchange, options risk management, trading and technology. He was employed by Swiss Bank from 1992 to 1995 and First Chicago Corp. from 1981 to 1992. Schabes earned a bachelor’s degree in economics in 1979 and an MBA in 1983, from the University of Chicago.