Gen Re Financial Products has hired Matthew Nelson, head of the U.S. dollar options book at The Royal Bank of Scotland, as co-head of trading in the U.S.
The move follows Tong Lee, global head of trading, joining Dresdner Kleinwort Wasserstein to set up a credit hybrids team in London (DW, 5/30). Ben Iben, president of Gen Re FP, said Nelson will co-head the trading team with Tim Prister, former head of U.S. trading.
At RBS, he reported to Neil Cosburn, global head of options in London, who confirmed the move.
