Daiwa boosts derivatives business with hire of Lo and Petit-Pasquier in Hong Kong

Daiwa adds two in Hong Kong

Daiwa Capital Markets, a subsidiary of Daiwa Securities, has continued its expansion in Asia with the addition in Hong Kong of Dick Lo as head of stock derivatives trading and Julien Petit-Pasquier as head of index trading. Both men will report to David Sarkis, Daiwa's head of equity derivatives trading for Asia excluding Japan.

Lo joins the bank from Deutsche Bank and Petit-Pasquier from Morgan Stanley. Their roles at Daiwa are newly created.

The hires follow Daiwa's acquisition earlier this mo