
Ixis sets up credit proprietary trading desk
Philippe Donnat, who was head of SG’s credit index and options business in London, will head the new operation when he joins later in August. He will report to Kurt Jaïs-Nielsen, co-head of Ixis’s complex credit and securitisation unit with Stéphane Kourganoff.
Laurent Beruti is appointed as director and trader, and will report to Donnat, who he worked with at SG.
Ixis, based in Paris and rated AAA by Standard & Poor’s, was formed in June 2004 when Caisse des Dépôts passed its 43.55% equity holding in CDC Ixis to Caisse Nationale des Caisses d’Epargne.
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