DrKW combines derivatives trading and structuring teams
Dresdner Kleinwort Wasserstein (DrKW) has opted to combine its derivatives trading and structuring capabilities across multiple asset classes, creating a single global derivatives group within its capital markets business.
The new group will span interest rate, foreign exchange, credit and equity, and will be headed by the bank’s head of credit derivatives Matteo Mazzocchi, who now becomes head of global derivatives.“The aim of our new group is not only to realise efficiencies but also the other benefits that will arise from shared resources, models, product development, technology and risk management across all derivatives classes,” said Mazzocchi. “It will bring a more consistent approach to our existing derivatives product suite and delivery, and allows us to develop new ideas such as hybrid products for clients.”
DrKW joins a small group of banks that have made a similar jump. JP Morgan last year merged its equity derivatives and credit and rates structuring teams in Asia, and established a third-party group to structure, market and distribute cross-asset investment products to private banking and retail investors. Meanwhile, Deutsche Bank announced at the end of last year that it will merge its global equity derivatives, fixed income and credit units under a single global markets group.
Other banks are also thought to be weighing up the benefits of adopting a cross-asset structure, amid increasing demand from certain clients – and particularly hedge funds – for a single, one-stop shop for derivatives and investment products.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
More on People
People: Citi snags Raghavan, SocGen bags Estrada, all change at NYCB, and more
Latest job changes across the industry
Kane to leave Citadel Securities for senior Miax role
Options exchange has been on a four-year acquisition spree
Asia moves: senior hires at Millennium, Citi, SMBC and more
Latest job news from across the industry
Ken Pang set to join Millennium as Asia equities head
Former Credit Suisse markets co-head joins hedge fund’s Hong Kong office
People: Risk shake-up at Santander, JPM juggles markets, and more
Latest job changes across the industry
People: UBS rejigs EQD, risk head departs; Rustad joins buy side, and more
Latest job changes across the industry
Rustad re-emerges at Taula Capital
Former JP Morgan clearing head to help prepare for Q2 fund launch
UBS to lose group banking book risk manager
Senior risk manager of Swiss banks’ combined banking books to leave for new opportunities
Most read
- Top 10 operational risks for 2024
- As FCMs dwindle, regulators fear systemic risk
- Top 10 op risks: AI fears drive cyber risk to record high