JPMorgan has hired Mark Leung, director in Asian derivatives and bonds at UBS Warburg in Hong Kong, for its rates desk in Singapore. "It's an interesting opportunity," said Leung, noting that he will handle a wider array of products--including complex interest rate options in the regional currencies. Leung, who had a stint as an interest rate trader at JPMorgan in Singapore several years ago, starts next month. He will report to Edmund Ng, in Singapore. Ng was traveling and could not be reached. Joanne Shephard, spokeswoman at JPMorgan, declined comment.
Additionally, JPMorgan recently hired Tommy Chan, v.p. and interest rate trader at Citibank in Hong Kong, in a similar role. Chan now reports to Aaron Poon, Hong Kong head of rates trading. Poon said Chan is a replacement for Jason Li, interest rate derivatives trader in Hong Kong. At Citibank, Chan reported to Chordio Chan, head of interest rates trading in Hong Kong.
At UBS, Leung reported to Todd Morakis, head of Asian derivatives and bond trading in Tokyo. Morakis was on vacation and could not be reached.
