Sucden Financial has said that it will be launching a new service geared towards institutions to capture brokerage opportunities in the Delta One and Equity derivatives and finance arena with effect from January 2011.
This new desk is expected to allow Sucden Financial to avail the major opportunities that not only exist across both Europe and the US, but also those presented by the emerging markets.
All aspects of broking and client facilitation relating to Delta One, Equity Finance and Equity Structured Products trading will be encompassed in this new operation, said Sucden Financial.
To facilitate this business, Sucden has appointed Andy Wilkins, who joins the firm from BBVA Global Markets, where he established the Spanish banks’ Equity options business in London.
Wilkins has over 20 years trading and sales experience. He began his career as an open outcry trader for Hull Trading on the LIFFE Floor, and with the closure of the floor, continued trading for the hedge fund UBS O’Connor, as a portfolio manager.
Sucden Financial CEO Michael Overlander said he is delighted by Andy’s decision to join Sucden’s team and excited by this new business opportunity for the firm.
"We aim to leverage Andy’s extensive trading, sales, idea generation and price and liquidity discovery experience, to create a new Delta One and Equity Options business within Sucden Financial. This will act further enhance Sucden Financial’s reputation as an efficient, expert and reliable trading partner," Overlander added.