Calyon has consolidated its Hong Kong-based fixed income business with a pair of senior hires. Last week Yang Xuping, head of China sales at Royal Bank of Scotland in Hong Kong, joined as a managing director in a similar capacity, and Japhet Lee, senior marketer at JPMorgan in Hong Kong, joined as regional head of interest rate derivatives structuring.
"With these appointments, the merger in Asia is getting fully completed. We're now looking at further expanding this business," said Frédéric Lainé, managing director and Asia ex-Japan head of fixed income, currencies and commodities in Hong Kong. The hires are in response to turnover following the merger of Crédit Lyonnais and Crédit Agricole Indosuez last year, which for instance saw derivative staff including Eddie Lee, co-head of fixed income and Duan Yang, head of China sales, join Bear Stearns. Additional hires are in the works, particularly for the credit derivative side of the business, noted Lainé.
Carolyn McAdam, spokeswoman at RBS in London, and Wong Kwei Ming, spokeswoman at StanChart in Singapore, did not return messages by press time. Prakash Krishnan, spokesman at JPMorgan in Hong Kong and Edward Naylor, spokesman at Goldman declined comment.
