Pao has been with Prebon since 1985, and has had stints managing various desks at the firm including US dollar and currency deposits, G7 forwards, short dated interest rate swaps and futures. In 1994, Pao became deputy managing director of Prebon in Hong Kong.
Meanwhile, Prebon has promoted Michael Poon to managing director, derivatives markets, with responsibility for all interest rate swaps, interest rate options, and non-deliverable forwards. Poon has been a broker since 1984 and has specialised in interest rate derivatives, working in both the Australian and Hong Kong markets.
In addition, Joseph Lo has been promoted to director of Hong Kong dollar cash markets, with responsibility for all Hong Kong dollar cash products. Lo joined Prebon in March 1999, and was formerly associate director for the Hong Kong foreign exchange and forwards desk.