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Derivatives

Calyon Reshuffles Capital Markets Group

Calyon has reorganized its capital markets group, under new deputy CEO Marc Litzler.

Calyon has reorganized its capital markets group, under new deputy CEO Marc Litzler. The reshuffle follows the departure of Omar Abukhadra, head of credit and equity (DW, 2/25). Guy Laffineur, previously head of interest rates, is now head of fixed income and the firm is looking to recruit an equity head. Alexia Vigneron, spokeswoman for Calyon in London, confirmed the move, adding the French house has not yet completed its reorganization and more changes are likely.

The capital markets group has been split into seven divisions: foreign exchange and commodities run by Andrew Kellner; credit and liquid bonds headed by Jean-Pierre Soto; securitization managed by Jerome Le Jamtel; structured credit goes to Loic Fery; treasury is governed by Thomas Gadenne; equity and fund derivatives is still vacant; and Laffineur takes direct responsibility for interest rates as well as managing the other fixed income units.

In the reorganization, each head is responsible for trading, structuring, sales and quantitative research, which officials think will help the firm build its presence because it will have a more concerted effort throughout the asset class.

Eric Le Brusq, European head of structured products at SG Corporate & Investment Banking in Paris, recently left that firm and has been linked with the vacant equity and fund derivatives role. Officials close to Le Brusq said he is a personal friend of Litzler, who joined SG's equity derivatives team in 1989 and after a series of promotions through the equity group was made co-head of investment banking worldwide for the equity and advisory business lines. Michelle Gathercole, spokeswoman for SG CIB in London, confirmed Le Brusq's departure. Le Brusq could not be reached for comment.

 

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