Houari leaves Barclays to head equity structuring group at Deutsche Bank

Hassan Houari has ended a 12-year career at Barclays to take up a role as global head of structuring at Deutsche Bank in London

Deutsche Bank has hired Hassan Houari for its equity derivatives team in London as global head of the equities structuring group. He joins from Barclays, where he was a managing director and head of equity derivatives structuring, and most recently head of equity and funds structured (EFS) markets.

Houari was replaced as head of structuring at the UK bank earlier this year by Mohammed Ali 'Dali' Bacha, who has assumed broader responsibilities as head of EFS, a role that includes structuring and trading. Bacha joined Barclays in London from Nomura.

Houari's distribution responsibilities at Barclays have been taken on by Stewart Jones, who has been named head of EFS distribution in the UK. Jones joined Barclays recently from Bank of America Merrill Lynch and will work closely with the investor solutions and UK flow derivatives teams.

At Deutsche, Houari will report to Ian Holt, global head of equity structuring. His appointment coincides with the departure of Roger Naylor, who left the bank in June to take up the role of head of global equity derivatives at UBS. Naylor was most recently global head of both equity derivatives and equity risk at Deutsche.

Houari joined Barclays in 2000 from BNP Paribas, where he was a member of the equity derivatives trading team.

Barclays would not comment on the departure and new appointments.