Nomura has started a global hiring spree for equity and credit derivatives and reportedly hired an equity derivatives team from Merrill Lynch in the process. The Merrill team includes Mike Fullalove, head of origination in structured equity sales, Ingo Heinen and Gregg Spivey, who worked with him in global equity-linked products, Matthew Peakman, equity derivatives trader, and Marc Baylis, single stock flow trader.
The move comes hot on the heels of Joachim Willnow, co-head of debt and equity strategic solutions at Merrill, joining Nomura as a managing director in equity derivatives, and Marco Mocquard, formerly head of European sales at Merrill, becoming head of equity derivatives trading at the Japanese firm.
On the credit side, the Japanese firm has hired George Dowd, head of credit trading at Commerzbank Securities in the U.S., to head its structured credit business. Dowd will run a single-tranche CDO business for U.S. clients.
Patrick Meyer, spokesman for Merrill Lynch, did not comment by press time. Cameron Walker, spokesman for Nomura, said, "an official announcement will be made in due course," but declined to comment beforehand.
