Azam Mistry, former Asian head of derivatives marketing and structuring at HSBC in Hong Kong, has joined Native American Securities in New York as head of derivatives marketing and sales after approximately five months out of the market. Mistry, a former director at the International Swaps and Derivatives Association, is a veteran of the derivatives market and the hire is a coup for the Native American Securities, according to market officials in Hong Kong. The firm advises institutional clients, such as pension funds, about derivatives structuring and pricing and then gets quotes from derivatives houses.
Mistry said he is used to working in innovative environments having been a floor trader at the London International Financial Futures Exchange the day it opened and also instrumental in developing the Asian derivatives markets. Mistry has also served two years at the buyside, working in United Technologies Corps.' treasury and pension fund departments.