Rabobank trades its first hybrid derivatives
Rabobank International has traded its first hybrid product this week. According to Michael Weber, London-based head of the bank’s hybrid division, the contract was a quarterly callable dual range accrual on crude oil and the US dollar foreign exchange rate with a one-year expiry.
The Netherlands-based bank created its hybrid group in late May. Weber was previously a partner at Eriswell Capital, a London-based multi-strategy hedge fund.
He’s joined by structurer Luuk Heuskes and quantitative analyst Jan Rosenvweig. Prior to this job, Heuskes was a structurer in the bank’s equity derivatives division in New York. Rosenvweig was a quant in hybrid derivatives at Credit Suisse in London.
The London-based group covers equity, foreign exchange, commodity, inflation and interest rate hybrids.
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