Credit Agricole in risk and derivatives hiring spree

French bank Credit Agricole Indosuez has added a number of hires to its fixed-income and risk groups, following the restructuring of its fixed-income department in early September. Marc Romano and Vincent Fleury join the French bank as co-heads of its risk solutions team, a newly created division that combines capital markets and insurance products to offer risk management services.

Credit Agricole Indosuez has hired Jerôme Lebuchoux from BNP Paribas as global head of its research innovation and development (Ride) group, where he will co-ordinate the quantitative research team overseeing credit, option, interest rate, swaps and risk advisory research activities.

Lebuchoux will also head trading platform development teams. He has worked at BNP Paribas for six years, most recently as deputy head of the French bank's fixed-income research and strategy team in London.

The bank has also hired Yann Samuelides as global head of credit, options and swaps quantitative research, where he will look at credit derivatives, swaps, bonds, vanilla and exotic interest rate options, hybrid products and commodities.

Samuelides was previously in charge of interest rate quantitative research at BNP Paribas in New York.

Meanwhile, Regis Benichou was made head of Credit Agricole Indosuez’s risk advisory desk for term rates and complex products. Risk advisory jointly covers trading and sales forces. He also joins from BNP Paribas, where he worked as head of structuring in the bank's interest rates division for five years.

Credit Agricole has also expanded its fixed-income sales group through the appointment of Christophe Chouard, who joins as head of fixed income and derivatives sales for France, covering corporates, money managers and banks. Chouard previously spent 15 years at JP Morgan Chase, where he was responsible for a number of sales and structuring roles covering French and European corporates, money managers and banks, for both cash and derivatives products.

All the new hires will work in Paris and report to Jean Michel Lafry, global head of research and development and risk advisory at Credit Agricole Indosuez.Meanwhile, Patrik Hoekfelt joins as head of corporate sales for Sweden, Norway and Denmark, covering both cash and derivatives fixed income. Hoekfelt was previously head of derivatives sales and structured bonds at Nordea in Sweden. Based in Sweden, Hoekfelt will report to Guillame Rousseau, Credit Agricole's global head of fixed-income sales.