BarCap hires Passaretta in LatAm derivatives drive

Barclays Capital, the investment banking division of UK bank Barclays, has appointed Gianluca Passaretta as director and head of Latin America interest rate derivatives trading.

Based in New York, he will report to James Mulvey, director and head of emerging markets Latin America rates trading. "[His] role is designed to match the firm's expanding marketing effort in Mexico, Brazil and the rest of Latin America for local derivatives products," said Mulvey.

Passaretta joins Barclays Capital after eight years with BNP Paribas, where he was most recently responsible for Latin America interest rate trading. Prior to BNP Paribas, he worked in the fixed income quantitative research team at JP Morgan.Also as part of its expansion into Latin America, Barclays Capital hired Gustavo Ferraro as managing director with responsibility for Latin American investment banking and debt capital markets in July.