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Derivatives

BNP Equity Traders Change Roles

BNP Paribas is swapping two of its equity derivatives traders between New York and Hong Kong. Olaf Kasten, senior equity derivatives trader in Hong Kong, has moved to New York to replace Oren Amsellem, senior equity derivatives trader in New York, who will soon head to Asia. "It's a swap," said Laurent De Meyere, managing director and Asian head of equity derivatives in Hong Kong, declining further comment. Amsellem is transferring to Hong Kong for personal reasons, he said. Kasten declined comment.

Kasten now reports to Francois Carnet, U.S. head of equity derivatives, who arrived from Hong Kong to head the operation earlier this year (DW, 4/21). The moves are part of a standard practice, whereby staffers with specific regional experience rotate their expertise to another location, in this case being between Hong Kong and New York, said Carnet through a spokesman in New York.

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