USB, Deutsche, Merrill Lynch

UBS hires in Tokyo...

Peter Walshe, formerly head of credit sales and trading for the Pacific Rim at Merrill Lynch, has resurfaced at UBS in Tokyo. Walshe becomes head of rates for the Asia-Pacific and co-head of fixed income in Japan.

... and in Europe

Hendrik Sperling joins UBS in corporate derivatives marketing and corporate origination in Germany and the Netherlands. Sperling previously worked for Société Générale Corporate and Investment Banking in a similar role in London. At UBS, he reports locally to Tilo Kraus, London-based director of corporate derivatives marketing and corporate origination.

Deutsche expands FX derivatives

Harry Abel has been hired as Deutsche Bank’s FX derivatives salesperson to German corporates, based in Frankfurt. Previously, Abel worked for Trinkaus & Burkhardt in Dusseldorf.

The German dealer also hired Daragh McDevitt as a director and head of inflation structuring, and Paul Canty as a director, responsible for complex inflation products, both from ABN Amro. They report locally to London-based Michele Foresti, global head of structured rates trading. At the Dutch bank, McDevitt and Canty worked in the inflation franchise.

Michele Faissola, global head of rates in London, said the expansion of Deutsche Bank’s inflation capabilities and franchise remain key priorities as the market for inflation products continues its rapid growth.

The bank also confirmed the hire of Brice Benaben as a managing director and global head of inflation (FX Week, August 6). Based in London, he too reports to Foresti. Benaben previously worked in inflation trading at Citi.

Merrill Lynch takes Tanner

Steve Tanner has joined Merrill Lynch in London as a director on its central bank and government institutions desk. Tanner previously worked in sales to banks at HSBC in London. At Merrill, he reports to managing director and head of central bank sales, Anita Nassar, in London.

Morgan Stanley transfers FX trader

Tim Abbott, a G7 foreign exchange options trader at Morgan Stanley, is understood to be relocating to London from Hong Kong with the US investment bank. It is unclear whether the move is a permanent one. Morgan Stanley did not confirm the move by press time.

Marex expands bullion

Marex Financial has hired Emanuel Georgouras as a trader on the FX and bullion desk in London. Georgouras will focus on trading bullion and manage the broker’s sales client base. Before joining Marex, Georgouras traded bullion for MKS Finance in Geneva. Farooq Muzammal, London-based head of FX and bullion, said precious metals is a growing part of the broker’s business. The firm plans to expand its bullion desk with further hires by the end of 2008.

Sales director departing RBS

Vartika Misra, a director in Indian institutional sales, is understood to have relocated from Royal Bank of Scotland's Hong Kong office to the bank's office in Singapore during September. RBS did not confirm the relocation by press time.

BoA’s structured products head leaves

Chris Hentemann, head of Bank of America’s global structured products unit, left the bank on Friday October 19. George Ellison, formerly head of global structured finance, assumes Hentemann’s role as head of global structured products.

FIG franchise boost for BNP Paribas

BNP Paribas has appointed two new managers to its corporate and investment banking core business, serving institutional and financial clients in the financial institution group (FIG).

Laure Morsy becomes Paris-based manager at FIG International and reports to Ambroise Laurent, global manager of FIG. Morsy joined BNP Paribas in 2000 as a FIG banker to develop relationships with French insurance clients.

David Aubin has been appointed manager of FIG Europe, also in Paris, and also reporting to Laurent. Aubin previously worked at Société Générale, most recently in the debt capital markets (DCM) division, where he set up its European DCM insurance and reinsurance team.