Eddie Tam, director of equity derivatives sales at Credit Lyonnais in Hong Kong, resigned last Tuesday for what he attributed to personal reasons. "I'm looking for a new challenge." Tam, a seven-year veteran of Lyonnais who previously worked at Merrill Lynch in New York and Hong Kong, said he plans to take time off from the industry and do some traveling.
Tam reported to Jean Paul Brasier, head of equity derivatives in Tokyo. Brasier said the existing team members will share Tam's duties and that the firm will not look for an immediate replacement, declining all other comment.
"He's definitely one of the best-known and longest-serving marketers around," said one equity derivatives head in Hong Kong. "He was well-plugged in to the local scene, more so than a lot of guys at the U.S. firms." He continued, "after seven years in pretty much the same role he's probably looking for something new."
