Credit Lyonnais has hired Eric Lam, director in the structured products group at ING Financial Markets in Singapore, to head its recently established credit structuring operation in Hong Kong, according to market officials. Currently, the two structurers on the desk report to Fredéric Lainé, Asian head of fixed income and derivatives in Hong Kong. The desk was only set up at the start of the year and the intention was always to hire a head (DW, 12/16). Lam resigned from Lyonnais in April (DW, 4/14).
Lam, who is due to start next week, will report to Lainé. Lainé and Lam declined comment.