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FICC Market Update December 2020 & January 2021

Delta has summarised the following key appointments and departures in FICC from Banks & Trading Houses for December 2020 and January 2021

ABSA Group - ON THE MOVE

  • Tom WILCOCK, Liquidnet, Emerging Markets Sales, New York, has joined as a Director, Emerging Markets Fixed Income Sales, New York

ADNOC Group - ON THE MOVE

  • Felipe LOPEZ CRUZ, Natixis, Managing Director, Head of the Middle East, Energy & Natural Resources, Dubai, has joined as Corporate Finance Department Manager, Abu Dhabi
  • Nissa DERBANE, Philia SA, Trade Finance Manager, Oil & Gas, Geneva, has joined as a Structured & Trade Finance Manager, Abu Dhabi
  • Julien PATTERSON, TP ICAP, Gasoline Desk Head, London, has joined as a Senior Trader, Abu Dhabi

Barclays - ON THE MOVE

  • Adam YARNOLD, Managing Director, Head of US Distressed Corporate Credit, New York, has left and joined StoneCutter Capital Management, Principal, New York

BBVA - ON THE MOVE

  • Will IRWIN, Danske Bank, Director, Foreign Exchange Sales & Trading, New York, has joined as Head of Real Money FX Sales, New York
  • Andres BACHOR, Deutsche Bank, Emerging Markets Sales, New York, has joined as a Director, Fixed Income Derivatives Sales, LatAm, New York

BNP Paribas - ON THE MOVE

  • Shiva SUBRAMANIAM, Global Head of Emerging Markets Credit Sales, London, has left
  • Alain DUBLIN, Head of Flow & Exotic Options Trading, G10 Rates, London, has left
  • Nabil BENJELLOUN TOUIMI, HSBC, Associate Director, Credit Trader, London, has joined as Head of Investment Grade Corporate Bond Trading, London
  • Rahul MUNDRA, Axis Bank, Head of Origination & Structuring, Mumbai, has joined as a Director, Loan Syndicate & Financing, APAC, Mumbai

Bunge - ON THE MOVE

  • Ruslan ROMANENKO, Group CFO, Black Sea & Ukraine Agribusiness, Kiev, has left

CIBC Capital Markets - ON THE MOVE

  • Kwaku NTOSO, Mizuho, Executive Director, Energy & Infrastructure Financing, New York, has joined as an Executive Director, Project Finance, Power & Infrastructure, New York

COFCO - ON THE MOVE

  • Belinda JOHL, Group CFO, Sub Sahara Africa, Johannesburg, has left

Cowen - ON THE MOVE

  • Joram SIEGEL, MUFG, Managing Director, New York, has joined as Managing Director, Head of Fixed Income Outsources Trading, New York

Credit Agricole - ON THE MOVE

  • Tony BOTTING, Global Head of G10 Spot, Head of CEEMEA Trading, FX & Rates, London, has left
  • Heather DAUR, HSBC Securities, Managing Director, New York, has joined as a Managing Director, Head of Short-Term Markets, New York
  • Julien SERROR, HSBC, Head of Cross Currency Swap Desk, London, has joined as a Managing Director, Global Head of Currency Trading, London
  • Olga YANGOL, HSBC, Portfolio Manager, Emerging Markets Debt, New York, has joined as Head of Emerging Markets Research & Strategy, New York
  • Michael MORRISSEY, HSBC, Director, Investment Grade Corporate Bond Trader, New York, has joined as an Investment Grade Credit Trader, New York
  • Mirza NAGJI, Director, Investment Grade Credit Trader, New York, has left
  • Julio De Los Rios CALLEJO, Societe Generale, Head of Iberia Credit Sales, Madrid, has joined as Director, Credit & Fixed Income Sales, Madrid

Credit Suisse - ON THE MOVE

  • Gaurav ARORA, NatWest Markets, Head of Credit Sales, Nordics, Netherlands and the Middle East, London, has joined as a Director, Emerging Markets Sales, Global Trade Solutions, London
  • Dimitris PAPADOPOULOS, Natixis, Head of Structured Credit Syndication, Europe, London, has joined the EUR CLO Origination & Syndication team, London
  • Michael RADZKI, Harmony Advisors, Senior Trader, Hong Kong, has joined as a Director, Convertible Bonds & Credit Sales, Hong Kong
  • Basile DELAVILLE, Deutsche Bank, Senior XVA & Credit Trader, London, has joined as a Credit Index Options Trader, London

Credit SUISSE - KEY NEWS

  • Ted MICHAELS, Managing Director, Renewables & Power Investment Banking, New York, has been promoted to Managing Director, Global Head of Renewables & Sustainable Energy Technology, New York

Deutsche Bank - ON THE MOVE

  • Leonardo DOSER, UBS, Global Markets Distribution, Zurich, has joined as Managing Director, Head of Global Markets Distribution Switzerland, Zurich
  • Frazer ROSS, Head of Investment Grade Debt Syndicate, London, is taking a sabbatical

Freepoint Commodities - ON THE MOVE

  • Michael WANG, ABN AMRO, Executive Director, Head of Structured Commodity Finance, APAC, Hong Kong, has joined as Head of Structuring, China, Hong Kong
  • Jerome ARBET-ENGELS, Socar Trading, Senior Naphtha Trader & Project Manager, Geneva, has joined as a Senior Naphtha Physical & Paper Trader, Geneva

Gazprom Marketing & Trading - ON THE MOVE

  • Jivko SAVOV, Sequa Petroleum, Director, Energy Commodity Trading, CIS & Caspian, London, has joined as a Senior Advisor, London

Glencore - ON THE MOVE

  • Ilya SEMENOV, Chief Investment Officer, Agriculture Russia, Moscow, has left

Glencore - KEY NEWS

  • Glencore has sold its Zambia Copper Unit to the Zambian government in a USD 1.5 bln deal. Under the deal announced, Glencore will transfer its 90% stake in Mopani to ZCCM Investments Holdings, a state-controlled investment vehicle

Guggenheim Partners - ON THE MOVE

  • Simon MULLALY, Imperial Capital, Managing Director, Private Debt Trading, New York, has joined as a Managing Director, Credit Trading, New York

Gunvor - ON THE MOVE

  • Christophe ROOMAN, United Bunkers, Bunker Trader, Antwerp, has joined as a Bunker Trader, Antwerp

Gunvor - KEY NEWS

  • Trading house Gunvor's founder Torbjorn TORNQVIST has increased his stake in the firm after a bumper profit year as he bought out some leaving partners and expanded the board to bring in a new generation of manager. The company said TORNQVIST, Gunvor's chairman, had raised his stake to 86.9% as of Dec 31, 2020, from 80.01% as of Dec 31, 2019
  • Swiss trading house Gunvor will resume trading in large volumes of Russian oil products this year after winning a big tender from Russia’s largest oil firm Rosneft for the first time in eight years. Gunvor won the rights to lift 9 million tonnes of Rosneft’s oil product
  • Gunvor has successfully closed a new US $540 million borrowing base facility to support the Company's biodiesel trading activity. The decision was made to align with its strategy to promote cleaner products with greener feedstock components complying with EU climate targets to reduce greenhouse gas emissions

Jefferies - ON THE MOVE

  • Nicolas LEMETRE, Citi, Managing Director, Head of European Real Money Credit Sales, Paris, has joined as a Managing Director, Credit Sales, New York

Litasco - ON THE MOVE

  • Paul O'SULLIVAN, RWE Supply & Trading, Head of Physical LNG Trading, London, has joined as Head of LNG Trading, Geneva
  • Sumeet JADHAV, Origin Energy, LNG Trader & Small-Scale LNG Originator, Sydney, has joined as LNG Trading Manager, Singapore

Macquarie - ON THE MOVE

  • Alex VICENTE HERNANDEZ, Sempra Energy, Senior Director, Mexico City, has joined as a Senior Vice President, LatAm Principal Energy Investments, New York
  • Valeria STEPANTSOVA, Commodity Sales & Business Origination, London, has left and joined CF Partners, Cross Commodity Sales & Trading Director, London

Mizuho - ON THE MOVE

  • David HIGGS, Managing Director, Co-Head of Loan Capital Markets, EMEA, London, has left
  • Monita CHANG, Mizuho, Senior Director, Debt Structuring & Syndication, Hong Kong, has left

Morgan Stanley - ON THE MOVE

  • Felix HELBIG, Deutsche Bank, Head of Real Money Investors, Germany, Austria & Switzerland, London, has joined as Co-Head of Fixed Income Sales Germany, London
  • Harsh SHAH, NatWest Markets, Head of Fixed Income Origination & Solutions, London, has joined as EMEA Head of Fixed Income Solution Sales, London
  • Gareth DORAN, Citi, Emerging Markets Fixed Income Sales, New York, has joined the Emerging Markets Fixed Income Sales Desk, New York
  • Jonathan GRABER, Distressed & Special Situations Trading, London, has left and joined SC LOWY, Distressed Debt & Special Situations Trading, Investing, Singapore

Natixis - ON THE MOVE

  • Radia BENBOUBKER, Nomura, Executive Director, MENA Sales, Dubai, has joined as an Executive Director, MENA Sales, Dubai

Nomura - ON THE MOVE

  • Rany MOUBARAK, Morgan Stanley, Managing Director, Head of Fixed Incoem Structuring APAC, Hong Kong, has joined as a Managing Director, Hong Kong
  • Hannah KRASS, BNP Paribas, Covered Bond & SSA Trader, London, has joined as a Vice President, Covered Bond & SSA Trader, London

Norilsk Nickel - KEY NEWS

  • Norilsk Nickel becomes first Miner to launch metals ETPs

Sberbank - ON THE MOVE

  • Sergey REYNOV, Director, Head of Trading, Global Markets, Zurich, has left and joined Credit Suisse, Director, Advisory & Sales, UHNW Wealth Management, Zurich

Scotiabank - ON THE MOVE

  • Laurence FROST, Head of Commodity Trading UK, London, has left
  • Jenny KONG, Associate Director, Precious Metals Trading, Hong Kong, has left

SMBC - ON THE MOVE

  • Rod EICHLER, NetWorth Management Group, Financial Consultant, New York, has joined as an Executive Director, Emerging Markets Fixed Income Sales & Trading, New York

Societe Generale - ON THE MOVE

  • Michelangelo ROVAGNATI, Head of Financial Institutions Debt Capital Markets, Italy & Greece, Milan, has left and joined Moody's Investor Service, Relationship Manager, Southern Europe, Milan, has left

Stone X Group - ON THE MOVE

  • Geoffrey MATTSON, Fifth Third Securities, Managing Director, New York, has joined the Credit Sales team, New York

TOTAL SA - KEY NEWS

Total SA has acquired a 20 per cent stake in Adani Green Energy in a $2.5bn deal that deepens the French energy major’s renewables push and its relationship with Indian tycoon Gautam ADANI's empire

Trafigura - KEY NEWS

Trafigura profited on the turmoil of coronavirus to record the best performance in its 27-year history. The company generated record gross profits, earnings and cash flows in the year to September Trafigura puts EUR 1.5 bln of own cash on the line to cement Rosneft ties. Trafigura has now become Rosneft's go-to commodity trader, with EUR 1.5 bln injected into a EUR 7.3 bln deal for a 10% stage in Gargantuan Arctic Oil Project backed by President Vladimir Putin Natural resources investment company ADM Energy has extended its indicative memorandum of understanding to enter into a strategic alliance with Trafigura for a further 12 months. The AIM-traded firm said itself and Trafigura intended to create a strategic alliance that would enable the development and financing of energy projects in Africa

Tullet Prebon - ON THE MOVE

  • Polina VOLYNTSEVA, FX Broker, London, has left and joined GMG Brokerage, Senior Broker, London

UBS - ON THE MOVE

  • Eoghan O'NEILL, NatWest Markets, Head of Distressed Credit Sales, London, has joined as Head of Leveraged Finance Sales, London
  • Doug VISSICCHIO, Citi, Managing Director, Co-Head of Municipal Bond Trading, New York, has joined as a Managing Director, Head of Municipal Bond Trading, New York

UniCredit - ON THE MOVE

  • Thierry MARCOLIVIO, Societe Generale, Head of Cross Asset Solution Sales, Italian Institutional Clients, Milan, has joined as a Managing Director, Co-Head of Repack & Collateralised Financing, Milan
  • Viatcheslav VERESHCHAGIN, UniCredit, Director, Corporate Structured Finance, CEE, Vienna, has left

Vitol - ON THE MOVE

  • Mark CHUNG, Bank of America Merrill Lynch, Managing Director, Head of APAC Energy & Power Investment Banking, Hong Kong, has joined the Investments team, London

Wells Fargo - ON THE MOVE

  • Amaryllis GRYLLAKI, Scotiabank, Director, Commodity Sales, New York, has joined as a Director, Commodity Sales, New York

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