Luc Faucheux, a senior interest rate options trader at CDC IXIS Capital Markets North America, has joined Salomon Smith Barney as v.p. in fixed-income derivatives research. "The idea was to bring someone in with a strong quant background, but also someone with trading experience, to have someone who can better understanding trading issues and come up with more practical ideas," said Yann Coatanlem, head of fixed-income derivatives research at Salomon in New York. Faucheux had previously been a quantitative analyst at what is now Mizuho Bank.
Faucheux, who started earlier this month, will focus on plain vanilla and exotic options research. He said he is "tremendously excited" about joining Salomon. At CDC, Faucheux reported to Andre Sanchez and Jean-Philippe Foeillet, co-heads of interest rate derivatives trading in New York. Sanchez declined to comment.
