As 2024 begins, SRP looks back at the most relevant people moves stories in 2023 highlighting new hires and exits at the main issuers of structured products across markets.

Marex

Marex Financial Products, Marex Solution's manufacturer and distributor of customised structured products, hired Franck Fayard (right) in May 2023 as head of Asia to help expand coverage in the Apac region.

Based in Hong Kong SAR, Fayard reports to Joost Burgerhout, head of Marex Financial Products. Fayard was previously at Gateway Private Markets, where he was head of client solutions & partnerships. Before Gateway, Fayard was part of Commerzbank’s Equity Markets & Commodities (EMC) business as director and head of equity engineering Asia.

In his new role at Marex, Fayard is responsible for product distribution in local Asian markets and connecting to regional platforms.

Sebastian Lutz, head of financial products sales North America at Marex Solutions left the company at the end of 2023. Lutz, who was based in New York, announced on his LinkedIn page that after 2.5-years in the role, he is exploring his next steps.

Lutz joined Marex in 2021 from Société Générale Corporate and Investment Banking (SGCIB) where he was a director. Prior to that, Lutz spent 14 years at Commerzbank in various roles, including head of equity derivatives and commodities institutional sales in North America, based in New York, structured solutions sales in both Frankfurt and Zürich, and equity derivatives public distribution in Frankfurt.

Morgan Stanley

Mohamed El Hioum joined Morgan Stanley as an executive director in New York, after a one-year stint at US fintech provider of ETF portfolios Save.

Prior to joining Save in February 2022, El Hioum (right) worked as an alternative data strategist at UBS Evidence Lab for around two years. He took that role after a short stint as managing director and US head of structured products at Forte Securities – he also was a technical advisor to the then startup index provider MerQube.

At UBS, El Hioum headed US Dynamic strategies structuring and was responsible for creating and marketing quantitative investment strategies (QIS) into US and Canadian pensions, asset managers, hedge funds, and family offices. He joined the Swiss bank as executive director, cross-asset risk premia structuring for the Americas in New York, in 2016.

Scott McDavid left Morgan Stanley in August for Barclays to become the UK bank’s global head of equities in New York (together with Ronnie Wexler).

McDavid spent more than 18-years at Morgan Stanley. In his most recent role, he was co-head of equities trading for Americas with primary responsibility and oversight over flow and structured derivatives, central risk management and the delta one desks. Prior to Morgan Stanley, Scott spent eight years with Susquehanna Investment Group in equity derivatives trading.

Natixis

Natixis Investment Managers (Natixis IM) appointed Fabrice Chemouny as head of international distribution, overseeing client and development activities for Emea, Apac and Latam.

Christophe Lanne, chief administration officer for asset & wealth management, was tasked with overseeing post-sales support activities for international distribution, as well as Natixis IM Solutions activities, in addition to his existing responsibilities for global operations and technology and corporate social responsibility strategy.

Chemouny (right) and Lanne both report to Tim Ryan, head of asset & wealth management within Groupe BPCE’s Global Financial Services and continue to serve on the management committee of asset & wealth management.

Chemouny has been with Natixis since 2000 after joining from CDC IXIS Group in 2000 as senior analyst in the strategy department. In 2017, he became head of Asia Pacific for Natixis IM.

Lanne began his career in 1990 with Banque Indosuez (now Crédit Agricole Corporate and Investment Bank) in the general inspection department. He joined Natixis in 2010 as COO for Corporate & Investment Banking. He became chief risk officer for Natixis in 2015, before joining asset & wealth management in 2018 as chief transformation & talent officer and was appointed chief administration officer in 2021.

The Agapan Solutions team at Natixis, which offers tailored solutions for independent financial advisors, appointed Maxime Tournoux (right) as business relationship manager.

In his new role, Tournoux is responsible for further developing the market for unit-linked structured products with wealth management advisers and brokers in Île-de-France and in Northern and Eastern France.

Tournoux joined Agapan from Groupe Caisse des Dépôts where he worked for seven years in various roles, the latest being that of convertible bond manager.

Prior to that he was a structured products pricing analyst at BNP Paribas and before that he was sales analyst cross asset solutions at Société Générale, the company where he also started his career in finance as sales assistant on listed and structured products.

In September, Natixis appointed Gerardo Gomez, Andres Bachor, and Guillermo Diez to the LatAm sales team to ‘expand its emerging markets and Latin America platforms to diversify offerings for clients worldwide’.

The new hires joined Jorge Segui and Thomas Maslowski to round out the French bank’s New York-based team, and report to Gregory Fage, head of macro sales Americas.

Gomez has experience in global markets with a focus on fixed income and derivatives. He joined from BBVA South America, where he was head of corporate derivatives coverage for Brazil and Chile and oversaw project finance derivatives for South America. 

Bachor joined from BBVA Securities, where he was part of the LatAm sales team responsible for the development and distribution of credit, FX and rate products in the region. Prior to that, he served in the emerging and global markets divisions at Deutsche Bank, Nomura, Barclays as well as Banco Galicia based in Buenos Aires.

Diez joined Natixis in 2021 in the institutional & corporate FX & cross assets derivatives sales team in Madrid and was also previously part of global corporate coverage and LatAm FX, rates & credit sales for Deutsche Bank and Santander respectively.