Credit Lyonnais Asian equity derivatives head resigns

Eddie Tam, Credit Lyonnais’ prominent head of Asian equity derivatives sales in Hong Kong, has abruptly resigned from the bank.

His resignation comes at a difficult time for Credit Lyonnais, only a short period after the long-awaited resumption of the Hong Kong warrants market (See: Hong Kong warrants see steady first week). Credit Lyonnais commanded the second largest market share in the special administrative region’s bustling warrants market before a trading halt last June. The bank had a full quota of ten warrants listed since last week’s resumption, making it one of the most active issuers.

Tam could not be contacted for comment, but an official at the French bank said he had resigned to pursue other interests. Credit Lyonnais has yet to name a replacement.