Benjamin Jacquard has been appointed global head of structured credit markets at Calyon, replacing Loïc Fery, formerly head of credit markets, who left the bank in September. Fery was forced out, along with several other senior officials in Calyon’s credit markets business, after a $250 million loss in credit indices trading. With a new leader, the French bank will hope that its newly named structured credit markets business will fare better. Jacquard ran the correlation book and was head of credit structuring at Bank of America before joining Calyon as global head of credit market trading six months ago.
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