ABN AMRO has hired Alaric Lau, managing director of liability management at UBS Warburg in Hong Kong, in a new position as v.p. of fixed-income derivatives marketing in Hong Kong. "Now we have a full-time marketing effort for the [People's Republic of China]," said Greg Major, Asian head of derivatives marketing in Singapore. China is becoming one of the largest markets for end-user derivatives in the region as a growing number of end users pull the trigger on transactions, he added. Lau declined to comment on his reasons for joining ABN.
Separately, ABN has transferred Rohit Malhotra, fixed-income derivatives marketer in Mumbai, to Singapore, to replaceJayakumar Ganapathy. Major said Ganapathy transferred to the structured products team in December to take a new position focusing on liability management.
Malhotra said in Singapore he will continue to cover fixed-income derivatives marketing and structuring for India but added that his coverage has expanded to include the Malaysian and Philippine markets, which were previously covered by Ganapathy.
At UBS, Lau said he reported to Joonkee Hong, managing director, head of debt capital markets, Asia and head of fixed income, North Asia in Hong Kong. Hong said Lau has been replaced by George Chow, head of debt capital markets for Greater China and Southeast Asia at Credit Lyonnais in Hong Kong. Chow declined comment. An official at Lyonnais said Chow focused on securitization and that his duties will be shared by the existing team.
