For equity derivatives structuring, DrKW has hired Tayeb Amegroud from Lehman Brothers in Paris. Amegroud will head structuring and report to Roberto Silvotti, head of derivatives structuring and product development. Also joining the equity derivatives structuring team is Sebastien Bossu, who comes from JP Morgan.
Rivals have claimed DrKW's equity derivatives business has been less active in the market during the past 12 months compared with previous years. But Iberrakene said the hires underlined DrKW’s commitment to building its exotic equity derivatives franchise. "[They] are a further indication of our broader efforts to grow our structured products business," he said.