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Rabo Launches Big Apple Equity, Fund Group

11 May 2006

Rabobank is launching a New York equity and fund derivatives group and has hired two structurers to pioneer the effort.

Rabobank is launching a New York equity and fund derivatives group and has hired two structurers to pioneer the effort. Joseph D'Anna, managing director and head of the group, joined last month from SG Corporate & Investment Banking, and Igor Tydniouk, v.p. responsible for systems and development, joined from Nomura Securities.

Sheldon Sussman, head of financial markets for the Americas and global head of structuring and portfolio management in New York, said Rabo thinks there are significant enough U.S. market opportunities to expand. "We have had success with the products in Europe and Asia. Adding structuring and trading capability on ground in New York ties together our global activity," he added. Sussman is reportedly in line for promotion to global head of financial markets in London, and is expected to relocate in coming months. He declined comment on the promotion. D'Anna referred calls to Sussman.

Separately, Mark O'Donnell, managing director in fund-linked sales at SG in New York, has also left the firm. Jim Galvin, SG spokesman, did not respond to a message regarding D'Anna's and O'Donnell's replacements. O'Donnell is reported to be headed to Citigroup under Samir Mathur, managing director and head of derivatives trading, who declined comment. Danielle Romero-Apsilos, Citi spokeswoman, did not respond to a phone message.

Nomura officials referred calls to spokesman Ralph Piscitelli, who did not immediately return a call.

11 May 2006