Barclays Capital is bringing aboard K.J. Shin, derivatives trader at HSBC in Seoul, for its onshore Korean desk in a new marketing role covering short-term foreign exchange derivatives. "This is a new business for Barclays onshore," said Inseok Cha, director in the investment banking division in Seoul.
At HSBC, Shin reported to David Choi, head of interest rate trading in the treasury and capital markets division in Seoul. Choi declined comment. Shin, who starts this week, could not be reached for comment.