Warburg reshuffles derivatives team and launches UBSWenergy.com

UBS Warburg has named Jonkee Hong as its new head of global emerging market derivatives. Hong, now based in Connecticut after leaving his post as head of Asian derivatives, reports to Raphael Gys, global head of fixed-income derivatives marketing and structuring.

UBS Warburg has poached Philip Tsao, formerly Goldman Sachs' head of derivatives marketing for greater China, to replace Hong. Tsao will report to Sydney-based Sharon Mitchell, head of fixed income, Asia-Pacific.

Meanwhile, UBS Warburg has launched its online energy trading service, UBSWenergy.com. The online trading team and platform was bought from failed energy company Enron in January and went live on February 11. It offers real-time bid and offer prices for North American natural gas and

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