dw.gifABN AMRO has reshuffled its equity derivatives chiefs to combine its cash and derivatives trading forces. Frank McKirgan, global head of equity cash trading in London, has taken on responsibility for both the cash and derivatives group. Gary Wolens, global head of equity derivatives in London, could not be reached by press time, but has reportedly been asked to head an internal hedge fund. Paris Badekas, global head of equity derivatives trading in London, is understood to have left the firm. Badekas, reached on his cell phone, declined comment. Florian Hillen, head of equity flow derivatives in London, has also left to join Nomura.
The combination of equity cash and derivatives trading is still relatively unusual, although Morgan Stanley and Goldman Sachs are two top tier houses that have this structure.
The retail marketing unit, which includes a high-net-worth client team, is being merged with the equivalent fixed-income team. Stephan Kunze on the equity side and Thomas Winkler on the fixed income side will co-head the new group. The institutional equity derivatives marketing force, created in September, continues to report to Richard Loretan, who also retains responsibility for corporate equity derivatives marketing (DW, 9/3).
