Crédit Agricole Indosuez is moving Philippe Jeanne, head of U.S. dollar derivatives trading in New York, to London to become the global head of trading for emerging markets. Jeanne replaces Hervé Martin, who is taking a new assignment within the group, Martin said, declining further comment. Jeanne's move is part of the firm's plans to combine its offshore and onshore emerging markets trading practice, which includes foreign exchange spot, options, credit and interest rate derivatives, Jeanne said, declining to elaborate.
Jeanne will report to Bassem Snaije, global head of emerging markets, who splits his time between London and Paris. Jeanne currently reports to Andrew Kellner, global head of derivatives in Paris. Kellner said the details for Jeanne's replacement had not been finalized yet. Snaije referred questions about the reorganization to Anouchka Ancona, an official in the fixed-income capital markets division in Paris. Ancona did not return calls.