UBS is planning a flurry of hires for the Asian credit derivatives market in the coming months. "We're preparing to further expand our trading and structuring capabilities," said Lee Knight, Asia-Pacific co-head of global credit trading in Hong Kong.
Knight said UBS sees potential in several areas, including structured credit products and local-currency credit transactions. UBS is planning to add trading and structuring staff in Hong Kong along with structurers in Tokyo.
Knight recently transferred from Tokyo to Hong Kong to oversee the expansion, while co-head Michael Halloran, who joined last year from Nikko-Citigroup (DW, 5/30) will remain in Japan. Additionally, credit derivative traders Anders Haagen and Leo Tong, have relocated from Singapore to Hong Kong, as part of the initiative.
