Lloyds TSB makes more derivatives hires

Katia Babbar will join the bank later this month as its head of foreign exchange quantitative derivatives research. She was previously at Citi, where she served as acting head of the foreign exchange quantitative strategy group.

John Adcock, formerly head of business development at the bank, is assuming a newly created role as head of cash and vanilla development.

Peter Clark became the bank’s head of quantitative development in July. He was formerly head of structuring tools development at Barclays Capital. Dimitri Kalafatis, who joined the bank in June, manages fixed-income derivatives trading. He was previously with HSBC, where he worked in fixed-income derivatives.

All four new team members report to Vincent Gesser, who became Lloyds TSB’s London-based global head of derivatives in February. Before that, he served at HSBC as managing director in UK and European derivatives.

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