Credit Suisse First Boston in New York scored a double coup last week with the hires of Steve Kim, global head of equity derivatives research at Merrill Lynch, and Matt Zames, an interest-rate derivatives trader on the proprietary desk at Morgan Stanley. Neither Kim nor Zames could be reached by press time.
Zames joins as head of U.S. proprietary trading in the interest-rate group, according to a company official. Prior to Morgan Stanley he was a trader at failed hedge fund Long-Term Capital Management. He is believed to have filled a position at CSFB left vacant following the departure of Irv Goldman earlier this year.
Kim is expected to replace Mika Toikka as global head of equity derivatives research at CSFB in New York, according to market officials. Toikka could not be reached for comment.
At Morgan Stanley Zames reported to Brendan Lavelle, managing director-derivatives products in New York. Lavelle declined comment. Merrill is expected to relocate Benjamin Bowler, managing director-Asia Pacific and Japan equity derivatives strategy group in Tokyo, to New York to replace Kim. Bowler declined to comment on the move prior to a public announcement.
