BNY Mellon’s global markets division has appointed Fiona Chan to head its newly set up derivatives sales desk in Hong Kong.
The firm believes it can capitalise on the flight to quality and is “well positioned to capture the opportunities in the changing market landscape” said Chris Sturdy, chairman of Asia-Pacific, in a statement announcing Chan’s appointment.
“The global financial crisis has given investors a new perspective towards derivatives products. The futures and options market is viewed as part of the solution worldwide, and in particular, the use of derivatives is accelerating in Asia as more corporations are discovering their needs for risk management,” he added.
Chan, who joins from BNP Paribas where she was an executive director, will lead derivatives sales distribution in China, Hong Kong, Singapore, Taiwan and other Asian markets. The focus of her business will be on interest rates and other fixed income derivatives.
The new team will complement the existing sales division in Tokyo. She reports to Steve Lawler, head of global derivatives sales in the United States.
BNY Mellon has four trading rooms in Hong Kong, Seoul, Taipei and Tokyo, through which it trades foreign exchange, interest rate derivatives and money markets.