Scotia Capital is looking to build up a global equity derivatives business and has hired a former structured equity trader from Merrill Lynch in London to spearhead the move. Ali Salahuddin joined the firm in Toronto at the start of the month as global head of equity derivatives trading. According to an official close to the firm, Salahuddin has a remit to build a business offering equity swaps, options and futures as well as structured equity products to a full range of clients. He reports in to Mike Durland, co-head of capital markets, who could not immediately be reached for comment. The rationale for Scotia's move could not be immediately determined and Salahuddin declined all comment.
Scotia Kick Starts Equity Derivatives
