Credit Lyonnais recently moved Morgan Gaughan, equity derivatives marketer in Hong Kong, to New York in a new role as head of equity derivatives marketing as part of the firm's push in the U.S., according to Julien Bahurel, senior sales manager in Hong Kong. Bahurel, to whom Gaughan reported in Hong Kong, said, "Our business in Europe and Asia is quite developed--now we're looking to focus on the U.S." He continued that the push is being spearheaded by Francis Biron, global head of sales in Paris, who assumed responsibility for Asia and the U.S.--in addition to Europe--a few months back. Bahurel said additional hires in the U.S. are likely in the coming months, but declined to elaborate. Biron was on vacation and could not be reached.
Gaughan's responsibilities in Asia will be assumed by two new hires for the team. Olivier Gueudard, of the structured finance group at in Singapore, has transferred to Hong Kong as an equity derivatives marketer and Nelson Choi, an equity derivatives marketer at Indosuez W.I. Carr Securities in Hong Kong, also joined in a similar role focusing on Taiwan.