Abbasi will report to New York-based head of global securities Mike Ryan, and the bank’s Asia-Pacific chief executive, Kai Nargolwala. He will also join the bank’s global securities operating committee and another key regional management group.
The new role sees him move to Hong Kong once his existing responsibilities have been relinquished to Savady Yem. Yem replaces Abbasi as head of European securities structured derivatives sales, having previously been head of securities structured derivatives coverage for France, Benelux and Spain.
In Yem’s new role he will be based in London, reporting to equity and fixed-income heads Tony Ehinger and Gael de Boissard, as well as the bank’s head of global equity derivatives, Simon Yates.