Sectors

Talent-trading gathers pace in equity derivatives

Date: 05 Jun 2009

Credit Suisse’s confirmation that it has hired 10 bankers to strengthen its equity derivatives and convertible bonds business follows a series of moves in this arena. Relationships are at a premium, although banks are having to fight harder to justify additional spending when equity-linked deal volumes are so low.

Keywords (click to search): [Equity] [derivatives] [convertible bonds] [Asia] [Credit Suisse] [UBS]

Leigh PowellRuth David

Credit Suisse announced yesterday (June 4) that Min Park and Ken Pang had joined the bank to head up its equity derivatives and convertible bond business.

It follows a frantic round of talent-trading that Asia has witnessed in this arena over the past few weeks as banks battle with one another to bring in key revenue generators.

The announcement comes three months after Park and Pang left UBS along with a handful of equity derivatives team members, as previously revealed on asiamoney.com. This team of six traders and two sales people who exited UBS in March are understood to be part of the deal, although Credit Suisse...

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