Chubb Financial Solutions has hired Gary Wang, executive v.p. and director at Capital Networks, a Beijing-based firm specializing in financing China's telecom infrastructure, as a senior v.p. to head the firm's U.S.-based research group, where he will develop derivatives products. Tobey Russ, president and ceo in New York, to whom Wang reports, explained the firm appointed Wang after a recent restructuring which saw Anton Theunissen, who formerly filled the role, become head of Chubb's Financial Products division. Wang, who started at Chubb at the beginning of the month, declined comment.
Wang has a strong mathematical and theoretical education as well as experience in the field of credit derivatives, one area in which Chubb is developing its business, said Russ. Between 1998 and 2000 Wang worked as director and head of Asia credit derivatives for Barclays Capital.
