German investment bank Dresdner Kleinwort Wasserstein has hired Tong Lee from Gen Re Securities as managing director and global head of credit hybrid trading, a new role within the bank. He will take up his post in mid-June and will be based in London.Tong spent 12 years at the derivatives unit of Gen Re, the reinsurance subsidiary of Berkshire Hathaway. He first ran the quanto and exotics book in New York, before he became head of New York trading. This meant taking on more responsibilities, including dollar swaps and options trading, and later, credit derivatives. In 2000 he moved to London to become global head of trading.
Tong will report to Matteo Mazzocchi, global head of credit derivatives and securitisation. His remit is to strengthen the hybrid credit derivatives business as clients increasingly look at ways to enhance portfolios in response to low credit spreads and volatility, Mazzocchi said.
More on People
Bank veterans Bristow and Pluta promoted to global co-heads, reporting to Rohrbaugh
US firm recruits externally as it looks to boost savings business
US bank parts company with 15-year veteran who moves to the buy side
Chris Leone and Dushyant Chadha replace Paul Galietto
Sign up for Risk.net email alerts
Sponsored video: MarketAxess
Sponsored video: Tradeweb
Multifonds talks to Custody Risk on being nominated for the Post-Trade Technology Vendor of the Year at the Custody Risk Awards 2014
Sponsored webinar: IBM Risk Analytics
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.