Lehman continues equity derivatives hiring spree

Lehman Brothers has appointed Arnaud Apffel as co-head of European equity corporate derivatives, alongside Marco Di Prima in London. He will report to Philip Lynch, head of global finance in Europe and David Bizer, co-head of equity sales in Europe.

Apffel was previously at Goldman Sachs, where he headed structured equity solutions, and was responsible for corporate clients in the context of mergers and acquisitions, equity finance, risk management and special situations. Di Prima joined Lehman from JP Morgan Chase in May 2004, where he had spent six years heading German equity derivatives sales.

“Arnaud brings nearly 10 years of successful equity derivatives experience to the firm, and will play a significant role in expanding our current corporate equity derivatives franchise alongside Marco Di Prima,” said Bizer.

Lehman raided JP Morgan in February, hiring a number of its senior exotics and hybrids staff, including Axel Killian, co-head of equity exotics marketing, and Martin Bertsch, head of financial engineering for JP Morgan’s equity hybrids group (See JP Morgan exotics exodus continues).