Merrill Lynch has transferred Duanmu Zhenyu, a senior exotic equity trader, to Hong Kong from New York to assume the role of head of equity structured products trading. Zhenyu is known in the market for his work modeling complex equity derivatives such as options on variance. Reached in Hong Kong, he noted that his new team in Asia was hiring, saying of the hires, "Tell everybody." Further questions about the move were forwarded to spokesman Mark Tsang who did not respond by press time. It could not be determined if this is a new position or a replacement.
The U.S. firm has been building up its equity derivatives presence in the region and has also made several sales hires (DW, 2/9).
