Natixis Apac head of global market sales and financial engineering exits

Natixis’ head of global market sales and financial engineering for Asia Pacific Nicolas Reille (pictured) has parted ways with the bank, according to sources. SRP understands Reille’s departure is linked to the €160 million hedging losses reported recently by the French bank in relation to autocallables sold in South Korea. The bank reported that the model used for hedging the products failed to cover losses from managing ‘specific products traded with clients in Asia&rsq