Rabobank has hired Jean-Marc Debricon, portfolio manager for structured investments and credit derivatives at the European Bank for Reconstruction and Development, as director in the structured credit trading group in London. Mark Lauber, executive director and senior structurer at Rabobank in London, said Debricon will join the group as a structurer of both cash and synthetic credit products next Monday. Rabobank is adding this position as the structured credit products market as a whole grows. Lauber thinks the Dutch bank is in a good position to take advantage of this growth because of its AAA/Aaa rating. The hire brings the number of credit structurers in London to five. The bank also has three traders in its London office. He will report to Mark Northway, global head of structured credit trading.
Marcus Fedder, treasurer at the EBRD, said it is in the process of hiring a replacement for Debricon. He added, "It was a great opportunity for [Debricon] so we wish him all the best." Debricon was on gardening leave and unavailable for comment.
