Former BBVA equity derivatives managers Thomas Vergnaud (pictured), Mattieu Prevot and Yannick Mallegol have left the Spanish bank in London and it is rumoured they will launch a fund later this year. A BBVA spokesperson confirmed their departure and told SRP that no replacements have been announced yet. Before joining BBVA in 2011, Vergnaud was portfolio manager at Citadel. Prior to that, he was global head of flow derivatives and head of over-the-counter (OTC) vanilla and proprietary trading