Omar Abukhadra, head of credit and equity at Calyon, has left the firm. The departure was announced in a memo from Marc Litzler, deputy ceo. Litzler's memo said organizational changes would be announced in Paris on Friday, after DW goes to press. Abukhadra didn't respond to messages left wih his assistant.
Abukhadra was a veteran of the firm. He was head of credit derivatives at Crédit Lyonnais when it merged with Crédit Agricole Indosuez last year and after the merger became head of credit with the equity division being added soon after.
Onlookers doubt, however, that Abukhadra's departure signals a move away from derivatives because Litzler, who joined Calyon at the end of last year and is in charge of global capital markets as well as deputy ceo, also has a derivatives background. From global head of equity derivatives trading at Société Générale in the mid 1990s he headed the whole business and eventually became co-head for investment banking.