Mehraj Matto, co-head of fund derivatives at BNP Paribas in London, has joined Dresdner Kleinwort Wasserstein as head of fund derivatives. Matto will report to Robin Farrell, head of the alternative investments group in London. Farrell said Dresdner hired Matto to help with preparations to start writing options on the performance of hedge funds. It expects to structure its first hedge fund option within the next couple of months (DW, 3/19). Matto resigned last Monday, is expected to start in a month, and could not be reached for comment.
A head of fund derivatives at a rival bank in London said Matto was a respected figure in the nascent fund derivatives market. This is a good hire for Dresdner, he added, noting that there are not many experienced fund derivatives professionals in this relatively new product area.
