Crédit Agricole Indosuez has recently transferred Remi Soula, head of interest rate trading in Tokyo, as North Asian head of exotic interest rate trading. This is a new role for the bank and is designed to boost CAI's exotic franchise, according to Eddie Lee, head of fixed income at Indosuez in Hong Kong. Soula, who will focus on local currency exotic derivatives primarily for Hong Kong, Korea and Taiwan, was traveling and could not be reached.
The move is seen as part of CAI's revamping of its fixed income presence in Asia, which began last year with a spree of hires (DW, 1/20/02) and should strengthen the firm's hand as it combines with Lyonnais. The EUR19.5 billion (USD22.1 billion) merger was finalized in May and market officials expect CAI to announce regional appointments in the coming weeks.
