The equity derivatives veteran is set to join the US market maker to lead on the structured products front.

Richard Smerin (pictured) , Morgan Stanley’s head of equity derivatives for Asia Pacific, is parting ways with the US bank after 16 years to join Citadel Securities, according to sources familiar with the matter. Smerin will be joining the US market maker as head of structured products based in Hong Kong SAR, one of the sources told SRP. The equity derivatives veteran was promoted to managing director at Morgan Stanley in 2019 and served as the Apac co-head of equity derivatives trading