Crédit Lyonnais Securities has added a co-head to its hedge fund structuring group in London, tapping Fabrice Perez, head of the fund derivative group at Rabo Securities. Perez said he joined last month to work with Gilles Demaneuf, the other co-head. The position is newly created with the idea of expanding the fund-linked structured product business. The group structures principal-protected notes and derivatives that mostly have funds of funds as underlying assets.
Perez said he joined because he sees a huge opportunity in working for a much larger group, particularly in the context of Crédit Lyonnais's recent merger with Crédit Agricole.
Frederic Marino, head of fund derivative marketing at Rabo Securities in London, declined to comment on Perez's replacement.
