UBS has hired Julien Bahurel from Morgan Stanley to head equity derivatives sales for Asia-Pacific, according to an internal memo that found its way to journalists yesterday. He will start work at the Swiss bank’s Hong Kong office later this year.
Bahurel held a similar role at Morgan Stanley, where he has been a managing director since 2007. The memo says that Bahurel brings “over 10 years' experience in Asian equity derivatives and extensive global client contacts, especially with hedge funds and fiduciary investors which will further contribute to the build-out of our increasingly diverse client base”.
The email was sent from Bahurel’s new bosses: Axel Kilian, UBS’s new head of global equity derivatives sales; Matt Rule, the head of equity sales in Asia; and CJ Beshke, head of Asia equities. UBS has confirmed its contents.
The bank also announced that Michel Lee will move from London to Hong Kong to take up the position of head of structured equity solutions for Asia-Pacific. Lee and Bahurel will also represent the region on the global equity derivatives managing board and sit on the Asia equities management committee and global equity derivatives distribution committee.
In a separate memo, UBS said that Gilbert Langner will join in October as head of electronic volatility trading (EVT) for Asia-Pacific, based in Hong Kong. According to the email, Langner’s last job was as risk manager and head trader at Timber Hill in Hong Kong, covering proprietary trading in stocks, stock options and futures in the Hong Kong, Australian and Japanese markets. He left that position in 2003.
“He will bring together our quantitative, technology and trading teams to build out our platform in the region, working closely with Ken Coulson, who runs the US EVT platform to ensure global best practice and consistent EVT development across the regions,” said the memo.