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Derivatives

DrKW Hires UBS Equity Sales Trading Co-Head

Dresdner Kleinwort Wasserstein has hired Stephen Fulford, co-head of equity sales trading at UBS in London.

Dresdner Kleinwort Wasserstein has hired Stephen Fulford, co-head of equity sales trading at UBS in London. Fulford will be responsible for equity derivatives flow sales at the German house, reporting to Chris Seery, global head of equity derivatives, and Areski Iberrakene, global head of equity derivatives trading. Zach Tuckwell, head of flow sales trading at DrKW, has reportedly moved to head program trading. Tuckwell and Fulford could not be reached and Iberrakene declined comment.

Officials said Fulford's role at UBS had been combined with that of Darren Hodges, head of equity derivatives trading, about a month ago. Hodges is now head of equity sales trading. Sarah Small, spokeswoman for UBS in London, confirmed the move.

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