Swiss Re Capital Management in New York has hired three more equity derivative officials from Lehman Brothers. Russell Hackmann and Ajay Chitkara have been hired as managing directors and Rahul Kakar, as a senior v.p. All three report to Matthew Hansen and Llewellyn Connolly, who joined from Lehman last month as co-heads of the equity and equity-linked derivatives business (DW, 7/29).
Phil Lotz, ceo, said Swiss Re will market equity derivatives to clients such as insurance companies. The hires all come from an equity derivative structuring background, Lotz said.
Lehman spokeswoman Tasha Pelio could not determine the titles and reporting lines of Hackmann, Chitkara and Kakar by press time, or whether they will be replaced.
