Rabobank International has traded its first hybrid product this week. According to Michael Weber, London-based head of the bank’s hybrid division, the contract was a quarterly callable dual range accrual on crude oil and the US dollar foreign exchange rate with a one-year expiry.
The Netherlands-based bank created its hybrid group in late May. Weber was previously a partner at Eriswell Capital, a London-based multi-strategy hedge fund.
He’s joined by structurer Luuk Heuskes and quantitative analyst Jan Rosenvweig. Prior to this job, Heuskes was a structurer in the bank’s equity derivatives division in New York. Rosenvweig was a quant in hybrid derivatives at Credit Suisse in London.
The London-based group covers equity, foreign exchange, commodity, inflation and interest rate hybrids.
More on Risk Management
Giant daily dealing bond funds and ETFs could cause the next crisis, GLG’s top fixed income manager says
Automated risk systems vital, says Tower Research Capital CRO
Analysts extrapolate from £1.8bn FCA fine
New approach introduced six months ago, as event risk increases
Sign up for Risk.net email alerts
Nominated for two technology awards
Nominated for post trade technology award
Sponsored webinar: Collateral and counterparty tracking
Isda directors warn on fragmentation, access and liquidity - but expect problems to pass
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.