Deutsche Bank is reorganizing its equity derivatives trading heads to boost management presence in the U.S. and Asia. Chiehmi Chan, previously head of equity structured products trading for Europe in London, is moving to Hong Kong to head equity derivatives trading for Asia ex-Japan. Noreddine Sebti, global head of equity derivatives trading, is transferring from London to New York (DW, 3/14). Sebti said it has not yet been decided whether Chan will be replaced by an internal or external hire. Richard Carson, global head of structured products trading in London, is overseeing the European business.
Last week, Chris Leone, head of equity derivatives flow trading for the Americas, resigned from the German house. Leone will be replaced by Michele Gissi, former head of European indices in London, who returns from a leave of absence. Stanley Rowe continues as head of structured products trading for the Americas in New York. Both Rowe and Gissi will report to Sebti.
Sebti said the reshuffle will reinforce the geographical focus of the German house. The plan is to extend the strong presence Deutsche Bank has in Europe to the U.S. and Asia, he explained.