One Year Ago In Derivatives Week
Headhunters were circling Calyon’s equity derivatives staff in Hong Kong amid rumors the bank was planning to close the unit down, which the bank denied. [A month later, Calyon announced its plan to exit exotic derivatives and focus on vanilla options, and its global head of equity derivatives Fabien Hajjar departed (DW Online, 9/18). The bank whittled down its New York equity derivatives desk in March (DW Online, 3/11).]
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