Lehman Brothers has recruited six new sales and trading staff to its European equity derivatives business.The bank said the new London-based hires will bring its newly-created equity ‘flow’ – very frequently traded products – desks to full strength. The focus of the team is to supply high-frequency exchange-traded and over-the-counter equity derivatives to hedge funds and institutional clients, said Lehman Brothers in a statement.
Michael Ward and Cristiano Committeri have joined from Deutsche Bank, as well as Andrew Caplan from Morgan Stanley. They will report to Adrian Valenzuela, head of derivatives flow sales.
Also, Michael Dilorio and Stefan Walgenbach have joined from Bank of America, and Thomas Small from Morgan Stanley. They will report to Neil McDonald, head of derivatives flow trading.
“Market demand for these types of equity derivatives products remains extremely high, and we are now in an even stronger position to capitalise on this," said Siggi Thorkelsson, Lehman Brother’s head of equity derivatives trading. "The equity flow business represents a significant business opportunity."
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