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Lyonnais Nabs BNP Structurer

Credit Lyonnais recently hired Jeffrey Chu, structurer at BNP Paribas in Hong Kong, in a new role as a director for its Hong Kong desk, handling interest-rate derivatives structuring, according to Frédéric Lainé, Asian head of fixed income and derivatives in Hong Kong. "This will allow us to better serve corporate end investors," said Lainé, declining further comment. Chu, who now reports to Lainé, also declined comment.

Lyonnais made a number of hires for its fixed-income operation in Asia earlier this year, including bringing in staff for its desks in Hong Kong, India and Taiwan on the back of growing interest in the region (DW, 4/28).

At BNP, Chu reported to T.S. Cheah, managing director and Asian head of derivatives and structured products marketing in Hong Kong. Cheah did not return calls.

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