Jae Oh, director of integrated credit trading at Deutsche Bank in Singapore, moved to London two weeks ago. He ran the credit swaps desk for Asia ex-Japan and now trades investment grade credit default swaps in London, according to Prakash Krishnan, spokesman in Singapore. Oh made the move because he wanted to trade the London credit market, which is much larger than its Asian equivalent, according to an official familiar with the situation.
Leo Peck Chao, director of global credit derivatives in Singapore, said he has assumed Oh's responsibilities, adding that no hiring is planned. A credit derivatives trader in Hong Kong said that as Deutsche Bank is one of the biggest players, Oh was naturally well known and respected in the Asian credit market. Oh declined all comment.
