Maxime Malaure joins as head of cash collateralised debt obligations (CDOs), replacing Maurizio Raffone, who was the interim head. Malaure joins from Bear Stearns in London, where he worked for seven years. His latest role was as a senior structurer in the financial analytics and structured transaction group, which focuses on asset-backed securities and structured credit products. He reports to Stratis Hatzistefanis, head of structured credit solutions.
The London and Frankfurt-based investment bank has also hired Ed Selby as head of credit exotics. He arrives from Barclays Capital, where he was a senior trader for the synthetic CDO business. Before that he traded synthetic CDOs for five years at Merrill Lynch. He reports to Neil Walker, head of credit trading.
Michael Coats will start on November 2 as director in credit exotics. Coats joins from Merrill Lynch, where for the past four years he traded synthetic CDO products. He will report to Ed Selby.
David Richard joins as director in the equity delta one business. Richard will focus on enhancing the delta one product suite, facilitating the growth of the client franchise. Richard had worked in a similar capacity at Bear Stearns for the past four years. He reports to Ulrich Schlumberger, head of equity delta one.
Steven Price joins as head of business technology. Price spent six years at Commerzbank, where he implemented the equity derivatives exotics system platform and a consolidated risk analysis system for the credit trading business. He reports to Richard West, head of infrastructure, equity and credit derivatives.