UBS is transferring Jerry Wong, credit derivatives structurer in London, to its Hong Kong hub. "This is in response to the massive inquiries we're receiving from the Greater China region," saidLee Knight, managing director in the fixed income division in Tokyo, to whom Wong now reports. Knight added that the firm plans to hire an additional structurer for the desk.
UBS has been building up its presence in the credit derivatives market throughout Asia. It set up a credit trading desk in Singapore late last year (DW, 9/29/02) and hired a Hong Kong-based credit structurer for Greater China earlier this year from JPMorgan (DW, 3/30).
