Utrecht-headquartered agricultural bank Rabobank has hired former HSBC currency trading chief into a role at the firm, focusing on emerging markets trading.
The major products covered in the area he will run includes G10 foreign exchange, emerging market non-deliverable forwards, non-deliverable swaps and other emerging market flow products.
The majority of trading will be conducted from the bank’s new emerging market desk in Hong Kong, which will sit alongside the existing FX desk and a handful of local currency traders in Mumbai, Jakarta and Shanghai.
Keg reports to Martijn Nijziel, regional head of global financial markets, Asia-Pacific.
“[Keg] will also set up a vanilla flow sales desk specialized in the distribution of standard FX and rates products to high frequency users, such as central banks,” Nijziel said in a press statement.
Before joining Rabobank, Keg was head of regional currency trading, Asia-Pacific at HSBC. Prior to that he worked with Commerzbank in Hong Kong as head of Hong Kong dollar interest rate trading.
Rabobank’s appointment of Keg comes on the heels of a previous hire from HSBC into its global financial markets business.
Anand Batepati was lured from the UK bank to head up Rabobank’s multi asset structuring business for Asia. His focus will be to structure asset liability management tools for institutional investors.
Based in Hong Kong, Batepati sits within the Rabobank’s global financial markets division. He will report to Howard Tong, head of client structured products, Asia-Pacific.
Batepati’s role will be to create financial products across asset classes, including equities, foreign exchange rates, derivatives, and commodities.
“My focus will primarily be on institutional customers—pension funds, asset managers—with an initial view to offer strategy advice and asset liability management,” Tong told asiamoney.com in an earlier interview.