UBS poaches Edwards from RBS and Naylor from Deutsche to bolster equity derivatives

Shane Edwards is joining the UBS equity derivatives team in London. His appointment follows that of Roger Naylor, who was named global head of equity derivatives at the Swiss bank earlier this month

Shane Edwards (pictured) is to join the equity derivatives team at UBS in London, leaving his role as Hong Kong-based global head of structuring in investor products and equity derivatives (IPED) at Royal Bank of Scotland (RBS). The RBS markets operation in Asia-Pacific will continue to be led by Pierre Ferland, while IPED will be headed by Christian Erb, global head of IPED and Beat von Gunten, global head of IPED sales.

Edwards, who reported to von Gunten at RBS, joined the bank in September 2005 from the equity derivatives team at Deutsche Bank. Prior to that, he spent three years in the systematic trading team at Macquarie Bank.

It is understood there will be no direct replacement for Edwards at RBS and the three business heads that reported to him will have a reporting line to von Gunten and Erb. The three are Max Nelte, global head of custom index structuring, who will relcoate to Hong Kong, Bernard Rogier, global head of structured equity pricing and payout development (who will run Asia-Pacific IPED structuring as part of their global responsibilities), who will move to London, and Olivier Destandau, Singapore-based head of investor product sales for Asia-Pacific, who will continue to lead the IPED sales team in Asia ex-Japan.

Rogier joined RBS from Société Générale in January 2011 as managing director and head of structured equity pricing and payout development for Europe, the Middle East and Africa in London and is responsible for the pricing of structured equity derivatives and the development of innovative equity investment products, tailored equity hedging solutions and equity hybrid structures.

Edwards’ move to UBS coincides with the bank’s appointment of Roger Naylor as its new head of global equity derivatives in June. Naylor joins from Deutsche Bank, where he was most recently global head of both equity derivatives and equity risk. Naylor joined Deutsche as a graduate from university and has worked in trading and risk management positions in derivatives, emerging markets, equity finance and risk for the German bank. Naylor will also join the equities management committee and report to Mike Stewart, head of global equities at UBS.

Naylor will join UBS in mid-September. Until then, Ryan Primmer, in addition to his role as global head of trading, will represent global equity derivatives on the equities management committee. Primmer, along with the respective equity region heads, will maintain responsibility for global equity derivatives and, together with Axel Kilian, will chair the derivatives product management committee.

The hires also coincide with the bank’s appointment of Jason Barron as global head of financing services, a new group that will include prime services and global synthetic equity. Barron will remain a member of the equities management committee and replace Mitch Moore on the FICC executive committee. Barron is a managing director.

Neither RBS or UBS would comment on the appointments.

 

This article was first published on Risk

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