ABN AMRO plans to merge its global cash and credit derivatives trading groups. The group will be headed by Niall Cameron, managing director and global head of credit trading and debt syndication in London. Cameron said he will finalize the rest of his team over the coming weeks.
Cameron said it has merged the teams because of the interdependence between the two products. He added, the firm will be in a better position to take advantage of capital structure arbitrage, such as basis and relative value trades.
Malcolm Wager, global head of non-equity trading in London, left ABN last week, and the firm restructured its department (DW, 5/29). However, Cameron declined all comment about Wager.
