UBS Warburg has hired Sheree Ma, v.p. and credit derivatives marketer at JPMorgan in Hong Kong, for its structured products desk. Deborah Ho, regional head of distribution in Singapore, said, "She will be part of our structured products group," noting Ma will cover China, Hong Kong and Taiwan. In this new role, Ma will focus both on credit and interest rate products. "We're old [JP]Morgan colleagues," said Ho. Ma, who starts in the coming weeks, will report jointly to Ho and Lee Knight, managing director in the fixed income division in Tokyo. Ma could not be reached.
At JPMorgan, Ma reported to Chris Nicholas, managing director and head of Asian credit markets in Hong Kong. Nicholas did not return calls. This is the second high-profile credit derivatives staffer to leave JPMorgan's Asian office in recent weeks. Ken Koh, managing director of the credit derivatives structuring group in Tokyo, joined Barclays Capital earlier this month (DW, 3/24).
