DrKW shuffles Asian credit business

Gordon, a credit derivatives trader, will report functionally to Mark Mallia, head of credit products Asia-Pacific, while Cala, a credit derivatives structurer, will report on a regional and global functional basis to Mallia and Rick Weinstein, global head of credit derivatives structuring, respectively.

At a local level, both will report to Andreas Ruschkowski, head of capital markets Asia-Pacific ex-Japan.

The official said the transfers - which include Stephen Patterson, who transferred as a credit derivatives structurer from New York to Singapore - alongside recent hires in Tokyo, are aimed at further strengthening the bank’s credit derivatives capabilities across Asia.

The bank hired TJ Cheng from WestLB as a credit derivatives trader in January and Boon Aik Lim as a credit derivatives structurer from HVB Capital in November. Both Cheng and Lim are based in Tokyo.