Herzberg joins BTG Pactual to head equity trading


David Herzberg, who left JP Morgan last year, has joined Brazilian investment bank BTG Pactual as head of international equity trading.

Herzberg was previously head of equity derivatives at JP Morgan, leaving in April 2010 - to the surprise of many in the market - in the wake of heavy correlation losses at the height of the financial crisis. At BTG Pactual, he will be based in London and will report to the bank's managing partner Huw Jenkins.

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