Barclays has appointed Adam Yarnold as head of US securitized products trading, according to a person with knowledge of the promotion.
And The Wall Street Journal reports that Barclays' head of debt syndicate in Asia Kenneth Lee resigned last week, according to a person familiar with the situation Tuesday.
Lee will start his own hedge fund after his gardening leave ends in August, the person said.
Bloomberg reports that two directors in Credit Suisse’s Hong Kong equity-derivatives business have left the bank.
Martin Boldt-Christmas, a director for equity-derivatives sales, left Credit Suisse after working for about 10 years at the bank, spokeswoman Noel Cheung said in an e-mailed response to questions. Marty Sun, who joined the firm in 2011, quit as a Delta One trader, the Hong Kong-based spokeswoman said, declining to comment on the reason for the departures.
In the meantime, Bloomberg also reports that Nick Hungate has joined RCMA Commodities Asia Pte Ltd. as global head of cotton today as the Singapore-based firm expands agricultural trading.
Hungate, previously director of farm commodities at Deutsche Bank in London, will lead a team of five, Chief Executive Officer Chris Pardey said in an interview. Hungate started his career at Cargill Inc. in 1985 on the same day as Pardey, both said. He will continue to be based in London.
And The New York Times reports that Morgan Stanley has announced a shakeup of its Asia equities capital markets team.
The Wall Street bank has appointed Jerome Leleu and Mille Cheng as co-heads of its equity capital markets business in Asia. The pair will replace Justin Haik, who is moving to a new role as senior client relationship manager for equities in Asia.