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Morgan Stanley Nabs Calyon Head

18 May 2006

Morgan Stanley has hired Arnaud Droitcourt, head of Asian equity derivatives trading at Calyon in Hong Kong, for a new role as executive director and head of exotic trading in the city.

Morgan Stanley has hired Arnaud Droitcourt, head of Asian equity derivatives trading at Calyon in Hong Kong, for a new role as executive director and head of exotic trading in the city. "We have a very ambitious plan globally to grow the exotic side of the business," said Droitcourt, who left Calyon last month (DW, 4/4). He added the team is looking to increase product offerings to hedge funds as well as to retail clients in the region.

Equity officials said Morgan Stanley has traditionally been a cash and flow equity derivative house in Asia and not had a major focus on exotic structures. "Looks like they're trying to gain market share," said one market official in Hong Kong.

18 May 2006