GFI plans to start brokering Asian credit-default swaps out of its Hong Kong office in the coming weeks. The firm currently brokers the products out of its Sydney office, but is moving its operation to Hong Kong because increased volumes warrant having brokers nearer the clients. The Sydney office will still broker Japanese and Australian default swaps, said Michel Everaert, global head of product marketing in London.
The firm has transferred Richard Giles, fx and energy derivatives broker in London, Andrew Carter, credit broker in Sydney, and Peter Allen, corporate bonds broker in New York, to Hong Kong to broker the products. All three report to Colin Heffron, president of GFI Europe.
