Roger Naylor, head of global equity derivatives and global head of equity risk at Deutsche Bank in London, has resigned from the firm and is set to join UBS in a new role.
According to an internal memo from UBS, Naylor will become head of global equity derivatives and will also sit on the firm’s equities management committee. He will report to Mike Stewart, head of global equities in New York.
Naylor’s departure was first reported by DI yesterday (DI, 6.13). He is an equity derivatives veteran at the firm having joined as a graduate. He was responsible for developing a number of Deutsche Bank products and expanding its equity derivatives trading team. Last year, he was also made co-head of prime finance alongside Barry Bausano.
He was involved in the launch of the Deutsche Bank Euro Dividend Index and Deutsche Bank Euro Enhanced Index this year. Both indices, according to market officials, are ahead of the curve in terms creating dividend themed products, with swaps and notes also planned to be issued on the index.
Among his hires in recent years were Dushyant Chadha and Jean-Philippe Lecourt in equity derivatives in North America (DI, 7/15/09).