Deutsche Bank’s Nino Kjellman will relocate to Hong Kong to head the firm’s Asian equity derivatives and risk.
He leaves a similar post in Europe and will be replaced by Roger Naylor who will work alongside joint European head Phil Lonergan.Kjellman replaces Chiehmi Chan, who will be go to London replace Naylor as head of CEEMA equities, cash and derivatives.
The moves are part of a strategy hatched by head of global equity derivatives, Rich Carson who joined the German bank at the beginning of the summer.
DB’s Q2 sales and trading revenues were €830m, versus €1.4bn made in Q2 in 2007, a fall the bank attributed to, “...lower revenues in equity derivatives, due to lower customer activity in structured products and persistent difficult conditions in correlation trading, which more than offset year-on-year revenue growth in prime services.”
