Salomon Smith Barney has hired two equity derivatives professionals in Hong Kong to help cover Korea. James Jung-Beck Kim, equity derivatives trader at Morgan Stanley in Hong Kong, has joined Salomon as director, equity derivatives trading to run the Korea book. Moon Soo Kim, formerly of fixed income sales at Goldman Sachs, also in Hong Kong, is now the director of equity derivatives sales, Korea coverage. They report to Harold Kim, managing director, co-head of Asia-Pacific equity derivatives for SSB.
The positions were added because of expected increased demand in Korea from retail, corporate, and institutional clients, said Kim.
James Jung-Beck Kim reported to Stevan Vrcelj, head of derivatives, at Morgan Stanley. Vrecelj declined to comment. Moon Soo Kim reported to Paul Russo, head of fixed income at Goldman. Russo was on vacation and could not be reached for comment.
