Ralph Orciuoli who quit last month as the Asian head of credit trading at Bear Stearns in Tokyo, plans to take some time out of the industry before looking for a role covering exotic derivatives. "Due to health reasons, this is the time ...I need to spend with my family," said Orciuoli.
He has, however, not lost his enthusiasm for the industry. He is hoping to return to the market soon because of the growing innovation in structured credit products in Asia and especially the correlation and credit spread option market. "The evolution in the structured derivatives market is great and I believe that my time away will not be a lengthy one," said Orciuoli.
Lenny Feder, head of trading in Tokyo and to whom Orciuoli ultimately reported, said, "I regretfully accepted Ralph's resignation." Feder declined further comment.
