People: Baml's equity derivatives exodus continues

SRP News, 10 May 2018

Two more senior equity derivatives bankers in London have parted ways with Bank of America-Merrill Lynch (Baml), according to sources. Florent Sabot, head of exotics trading for Europe, Middle East, Africa and Asia (Emea) has left the US bank, after joining as head of exotics and corporate trading, Asia. Sabot joined from Goldman Sachs, where he was head of exotic single stock trading for Europe in London for three years. Prior to Goldman, Sabot was executive director, head of stock correlation (Europe) at Societe Generale's. Sabot held a number of roles at SG, including pricing and hedging of new "heavy exotic" payoffs and "super-sized" deals; as well as validation, promotion and coordination of the product offer with risk management sales and financial engineering. He was also head of the exotic hybrid book after being a senior trader on equity correlation. Before that, he worked at Credit Agricole as co-head of new payoffs group, exotic equity derivatives.

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