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Merrill Reels In Lyonnais Trader

31 May 2002

Merrill Lynch is bringing aboard Bertrand Hongre, v.p. in interest-rate derivatives trading at Credit Lyonnais in Hong Kong, according to officials at the firm. Hongre will start in Hong Kong, but transfer to Tokyo in the coming months, according to officials familiar with the move.

At Merrill he will focus on trading regional currency structured derivatives in the debt markets group. He will ultimately report to William Shek, managing director and head of debt markets in Tokyo. However, it could not be established if there will also be other reporting lines. Shek did not return calls. Hongre was said to be traveling and could not be reached for comment.

At Lyonnais, Hongre reported to Fredéric Lainé, Asian head of fixed income and derivatives in Hong Kong. Lainé said he is currently interviewing for a replacement, declining further comment.

31 May 2002