BNP Paribas is bringing aboard Dong Lee, a marketer at LG Securities America in New York, as an equity derivatives marketer in Hong Kong. Laurent De Meyere, Asian head of equity derivatives in Hong Kong, said Lee will cover the Korean market and has been hired to build up the business. Lee is a replacement for Hong Shik Kim, who joined Good Morning Shinhan Securities in Seoul as managing director and head of fixed income and proprietary trading (DW, 7/28). Lee will report to De Meyere and starts in the coming weeks.
Equity derivative professionals covering Korea have been in hot demand on the back of market deregulations and growth. "It's fair to say that virtually every senior equity marketer covering Korea has moved in the last 12 months," said Mike Brennan, managing director at financial recruiter Alexander Mann in Hong Kong. A number of equity houses including UBS Warburg, Merrill Lynch, JPMorgan (DW, 6/23) and Indosuez W.I. Carr Securities (DW, 8/18) hired marketers to cover Korea.
