Credit Lyonnais is continuing its fixed-income expansion in Asia, with hires in India, Taiwan and Hong Kong. Frédéric Lainé, Asian head of fixed-income and derivatives in Hong Kong, said there is still room for growth. He attributed the expansion to growth in the Asian fixed income market.
Lyonnais hired Zarir Gandevia, senior manager of interest rate and foreign exchange derivatives at HDFC Bank in Mumbai, in a new role as an interest-rate derivatives trader in Mumbai. Lainé said that Gandevia will focus on trading the long-end of the curve.
In Taiwan, Helena Chen, senior manager in the treasury department at Toronto-Dominion Bank in Taipei, joined Lyonnais in Taipei as a fixed-income and derivatives marketer.
Peggy Yeung, v.p. of rates sales at JPMorgan in Hong Kong, joined Lyonnais in Hong Kong as a fixed income and derivatives marketer. Yeung said she reported to Dennis Wan, head of greater China rate sales in Hong Kong. Wan did not return calls.
At HDFC, where Gandevia worked for three years, he reported to Ravi Bai, chief dealer in Mumbai. Bai said he is looking for a replacement. At TD Bank Chen reported to Charles Chen, head of treasury in Taipei, who said he is interviewing for a replacement.
