Vuk Bulajic, who resigned last week from his position as head of U.S. equity derivatives at BNP Paribas in New York (DW, 4/22), has joined CDC IXIS Capital Markets North America to replace William Toy, head of U.S. equity derivatives sales and trading. Toy, who resigned earlier this week, will stay on as a consultant, according to an insider. Bulajic confirmed the move but declined further comment. Reasons for Toy's departure could not be determined. Toy did not return calls.
Market officials said CDC hired Bulajic because of his background in structured transactions and proprietary trading, areas in which CDC's North American branch is planning to broaden its focus. "Vuk left his job at BNP for this CDC position. The firm has had only marginal success in the U.S. equity derivatives market and this move could help improve its impact," one market official said.
Bulajic, who began his new job on Wednesday, reports to Ramine Rouhani, head of capital markets for CDC's North American operation. Rouhani did not return calls.
