Asian derivatives house KGI Securities, which established an equity derivatives desk late last year under the direction of two tier-one professionals, is preparing to bulk up its operation in the coming months. "Over the first six months we've built up the infrastructure and now we're looking for more business," said Jerry Wu, regional head of equity derivatives trading in Hong Kong. Wu joined from Morgan Stanley last year and--alongside Howard Tong from Merrill Lynch--set about establishing an equity derivatives presence in the region (DW, 10/12).
KGI is readying to hire a few additional marketers and traders for the effort before year-end, noted Wu, declining to elaborate. The firm is trading the Taiwanese, Thai and most recently the Hong Kong equity market.
