Barclays boosts inflation-linked business

Barclays Capital has reshuffled its inflation products teams around the world, as it faces up to strong competition in the sector.

Mike Oman has moved from research to trading to focus on UK inflation derivatives transactions. He is replaced by Lishan Shi, who joined the London-based research team from Barclays Global Investors. She reports to the head of inflation-linked research, Alan James.

Also joining the London trading team is Benoit Chriqui, who will head a team of four European inflation derivatives traders. Chriqui was previously with Barclays Capital US inflation derivatives trading in New York, where he was in charge of exotics pricing.

His place in New York will be taken by Mayank Chamadia and Tim High, who are jointly responsible for Treasury inflation-protected security and breakeven options; while Bin Zhou will run consumer price index caps, floors and swaptions.

Also in New York, Nikolay Stoyanov will move from inflation-linked modelling to total return swap trading, joining Gang Hu, the primary consumer price index swap trader. And in Tokyo, Mike Gault, director of interest rate derivatives trading for Japan, will open an exotic yen-based inflation derivatives book.

The reorganised worldwide team will be run by Ralph Segreti, currently US inflation product manager. He will take over from Tim Peat, who will focus on other senior roles. Segreti said the reshuffle was necessary "to maintain our top-tier status".