Barclays Capital hire on derivatives side

Barclays Capital will welcome two new directors to its Asia credit derivatives team.

Both David Ling and How-Chih Lee will work from the Hong Kong office and report to Eric Slighton, managing director and head of credit derivatives in Asia.

In the new positions both Ling and Lee will take responsibility for structuring and trading credit derivatives. Ling will move to the Barclays Capital Hong Kong from ABN AMRO.

At the Dutch bank, Ling was a vice president responsible for building up its structured derivatives business in the region. He also spent time at UBS Warburg where he was a director with responsibility for all structured credit derivatives trading. In total, Ling brings over 10 years of derivatives trading experience to Barclays Capital that has taken him to London, Zurich, Singapore and Tokyo.

Lee comes to the firm from CSFB, where he was a director of fixed income structuring. He is also responsible for development and pricing of credit derivatives and fixed income derivatives for both the asset and liability sides. Using his barrister expertise, Lee has also held a director's position in CSFB's legal and compliance department. In this role, Lee provided support and deal execution for derivatives and other structured products.

"Expanding our coverage will help us provide even more innovative credit derivative solutions for our clients," says Slighton. " We have made significant progress in the development of credit derivatives for a wide client base and will continue to focus on this area of the business. These critical hires put us well on the way to reaching our goal of being recognised as a top tier firm in 2005."