Lehman Brothers has transferred Charles Woo, senior v.p. equity derivatives marketing in Hong Kong, to its Seoul branch. While the newly-launched onshore equity derivatives market is currently restricted to domestic houses, Woo still handles offshore equity derivative transactions for Korean clients, according to officials familiar with the move. Lehman began preparations to establish an equity presence in Korea early last year (DW, 2/17) along with other bulge bracket rivals including JPMorgan (DW, 6/23).
Woo continues to report to David Lam, head of equity derivatives sales, Asia ex-Japan in Hong Kong. Lam confirmed the transfer but declined further comment. Lehman hired Woo from Bank of America in Seoul where he was an equity derivatives marketer until BofA closed its Asian operation last year (DW, 3/31). He declined comment.
