The FINANCIAL — Deutsche Bank announced on April 19 it has appointed Kenneth Hon as a Managing Director and Head of Equity Derivatives Trading for Asia ex-Japan.
Mr Hon joins on 28 April from Citigroup, where he was Head of Equity Derivatives Trading for Asia ex-Japan, and will be based in Hong Kong. He will report regionally to Phillip Lonergan, Head of Equity Trading and Risk, Asia ex-Japan and globally to Roger Naylor, Global Head of Equity Derivatives.
In his new role, Mr Hon will be responsible for managing Deutsche Bank's leading equity derivatives trading platform in Asia, which continues to be highly ranked by clients according to respected industry surveys.
Mr Lonergan said: "Kenneth's proficiency across the full spectrum of synthetic trading, structuring and complex modeling makes him a fantastic addition to our equity derivatives business in Asia. Kenneth is ideally suited to lead the growth of our platform, where we continue to expand our product and market reach".
Mr Hon began his career at UBS in Hong Kong, where he structured and traded credit and interest rate derivative products. He then moved to Nikko Citigroup to trade Japanese equity derivatives, including vanilla options and structured products, while developing algorithmic trading strategies. In his most recent role at Citigroup, Mr Hon was responsible for managing the equity derivatives trading team in Asia, including structured products and exotics trading, market-making and risk trading of equity derivatives and arbitrage activities.
Mr Hon has an extensive education from the Massachusetts Institute of Technology, including a: Bachelor of Science in Economics, a Bachelor of Management Science, a Bachelor of Electrical Engineering and Computer Science, and a Masters of Electrical Engineering and Computer Science.