Salomon Smith Barney last week hired Bernard Wai, equity derivatives marketer at Morgan Stanley in Hong Kong, as v.p. in the institutional sales group in Hong Kong, responsible for hedge fund coverage. Mei Zhang, spokeswoman at Salomon, confirmed the hire but declined further comment. The hire is part of a build up for its newly established institutional sales group in Hong Kong (DW, 3/10).
Wai, who will start in mid-April, will report to Ted Tsao, head of institutional sales for Asia Pacific equity derivatives in Hong Kong. Tsao declined comment. At Morgan Stanley, Wai, reported to Stevan Vrcelj, managing director and head of equity in Hong Kong. Vrcelj did not return calls.
