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Derivatives

AIG Hires Commerzbank Options Traders

AIG Trading Group has hired Behnouche Mostachfi, head of foreign exchange options at Commerzbank Securities in London, and Damian Zihlmann, senior market maker at Commerzbank in London, as senior fx options traders in London. Mostachfi and Zihlmann report to Donald Lee, global head of fx options and head of foreign exchange in Greenwich, Conn., said Beth Cutler, spokeswoman in Greenwich. Cutler declined comment on whether Mostachfi and Zihlmann were additions to the team or had replaced staffers who had departed. Lee, Mostachfi and Zihlmann referred questions to Cutler.

Mostachfi left Commerzbank at the beginning of this year and Nozar Hussein, head of proprietary fx trading, was appointed as acting head of both the proprietary and fx options trading groups (DW, 1/27). A spokesman in London said Hussein is still acting head, but declined further comment.

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