BNP Paribas has hired Joe Yang, senior fixed income options trader at Deutsche Bank in New York, for a similar position. Yang will trade over-the-counter options on Treasuries, agencies and mortgage backed securities, according to an official familiar with the hire.
Yang, who will report to Zbigniew Ryzak, managing director and head of interest rates, could not be reached. Ryzak was traveling and could not be reached by press time.
At Deutsche Bank, Yang reported to Susan Estes, head of fixed income for North America. Harriet Benson, spokeswoman in New York, confirmed the departure but declined further comment.
