Barclays Capital's Mitchell Lim, head of Hong Kong dollar interest rate trading, has joined Singapore's United Overseas Bank, in a senior trading role in Hong Kong for the domestic interest rate derivatives market. Lim now reports to Helen Chan, head of the treasury department in Hong Kong. Chan did not respond to messages.
Rival trading heads said the hire should give UOB a major boost in the local derivatives market. "We've lost a lot of market turnover since he left Barclays," said one trader at a bulge bracket house, noting that Lim was one of the biggest players in the Hong Kong derivatives market. Lim, who left the U.K. bank in recent months (DW, 7/4), starts this week and could not be reached.
