People moves: Bhandari departs Credit Suisse

Citi's Boyle exits as bank poaches Goldman Sachs veterans; Drouet replaces Fields at SG

Credit Suisse loses head of structured equity derivatives trading in New York

Rishabh Bhandari, head of structured equity derivatives trading at Credit Suisse in New York, has left the bank, Risk.net has learned. Bhandari had worked in an equity derivatives role at the bank for eight years, according to his LinkedIn profile. He could not be reached for comment by press time.

Credit Suisse declined to comment.

Frank Drouet, Societe Generale

Societe Generale has appointed Frank Drouet as head of global markets. He replaces Dan Fields, who has decided to pursue other opportunities outside the bank. Drouet will report to Didier Valet, head of Societe Generale Global Banking and Investor Solutions, and is now a member of the Societe Generale Management Committee. Prior to this appointment, Drouet was head of global markets for Asia-Pacific, a position he had held since January 2012. He will be based in Paris.

Citi's Hong Kong-based global head of equity derivatives, James Boyle, has left the bank to take up a role as co-head of equity derivatives at Deutsche Bank, Bloomberg has reported. David Haldane, currently head of equity derivatives for Europe, the Middle East and Africa (Emea), will reportedly become global head of equity derivatives trading at Citi.

James Boyle, Deutsche Bank

Meanwhile, Citi has tapped two former Goldman Sachs managing directors for its equity derivatives and structured sales teams in London.

Dirk Keijer has been hired as head of equity derivatives sales for Europe, the Middle East and Africa (Emea), while Quentin Andre will join as head of global structured sales. Both will join in mid-2016 and report to Conor Davis, head of investor sales for Emea.

At Goldman Sachs, Keijer served as head of equity derivatives sales for Europe, while Andre worked as head of Emea equity and fund derivatives structuring and marketing and head of cross-asset systematic strategies. Prior to holding his most recent position with Goldman, Andre had previously worked in equity derivatives sales for hedge fund clients at the bank and also at JP Morgan.

Goldman Sachs declined to comment on the departures.

Pierre-Emmanuel Juillard, Axa Investment Managers

Meanwhile, Goldman's head of structuring in the securities division in Asia-Pacific, Pierre-Emmanuel Juillard, has departed the bank to rejoin Axa Investment Managers (Axa IM) to lead an investment team focused on liquid absolute return strategies.

Juillard heads the manager's team in Hong Kong and reports to Axa IM chief executive Andrea Rossi. Juillard is a former employee of Axa IM, having first joined the firm in 1999 as head of financial engineering and asset and liability management studies and later becoming head of structured finance.

Alexander Andersen, a Latin America structured products specialist based in Mexico City, has left BBVA, the bank has confirmed.

While at BBVA, Andersen aided the consolidation of the Latin America team, says a spokesperson for the bank. According to his LinkedIn profile, he specialised in multi-asset derivatives structuring. The spokesperson says Anderson will not be replaced as the responsibilities for the Latin America region are moving out of Mexico City to local teams in the region.

Before joining BBVA in 2013, Andersen had been an investment analyst at BNY Mellon.

Jones Lang LaSalle (JLL) has hired Ben Roger-Smith as head of structured products for Europe, the Middle East and Africa (Emea), the firm announced on April 4. Based in London, Roger-Smith reports to Chris Holmes the lead director for Emea debt advisory. Roger-Smith joined JLL from Finn Square Capital and previously spent 15 years at HSBC as part of the global structured finance team.

Antares Capital has hired Vivek Mathew as a managing director and head of structured products.

Prior to joining Antares, Mathew was most recently employed at JP Morgan, where he had served as a managing director and head of the global primary collateralised loan obligation (CLO) business. Before joining JP Morgan in 2005, he was vice-president of structured finance at Deutsche Bank.

Steve Crutchfield, former head of options, exchange-traded products and bonds at NYSE, left the firm on April 8.

Crutchfield first started working at NYSE in New York in 2010 and took up his latest role in 2012. He is now relocating to Chicago to join high-frequency trading firm Chicago Trading Company as head of market structure.

Exchange-traded fund sponsor and asset manager WisdomTree Investments has appointed Joseph Grogan as head of US institutional distribution. Grogan joins from State Street Global Advisers, where he was head of the North-east institutional client group. He will report to Alisa Maute, WisdomTree's head of US sales, and will be based in New York.

SEC to create an Office of Risk and Strategy

The US Securities and Exchange Commission (SEC) is to create an Office of Risk and Strategy, the agency announced on March 8.

The new office will sit inside the Office of Compliance Inspections and Examinations (OCIE) and is meant to "consolidate and streamline OCIE's risk assessment, market surveillance and quantitative analysis teams, and provide operational risk management and organisational strategy", according to the SEC.

Peter Driscoll, who has served as managing executive of the OCIE since 2013, has been appointed to the newly created role of chief risk and strategy officer. Driscoll began his career as an auditor with Ernst & Young and has worked at the SEC since 2001. In his new role, he will manage both the new office and the SEC's Washington, DC-based investment adviser/investment company examination staff.

Law firm Mayer Brown announced on April 4 that it has hired Douglas Donahue as a partner in its global banking and finance practice and derivatives and structured products group. Based in New York, Donahue joins the firm from Cadwalader, Wickersham & Taft.