Adrian Hyde, managing director and co-head of credit derivatives trading at Chase Manhattan in New York, has left J.P. Morgan, under which most credit derivatives activity from Chase has been subsumed following the merger between the two firms. "I'm assessing my options now," he said, noting that he's looking to stay in credit derivatives.
Hyde said although J.P. Morgan has a formidable franchise in credit derivatives, he wants to work in a startup environment.
At Chase, Hyde reported to Frank Ronan, managing director, head of structured credit products.
Credit derivatives traders noted that Hyde has been active in the market for over five years and cut his teeth at some of the biggest market makers on Wall Street, including J.P. Morgan and Deutsche Bank.
