People News: C Suisse, Deutsche Bank, JPMorgan

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Credit Suisse has hired Edwin Yeung from HSBC to set up a U.S. and European credit trading desk in Hong Kong.

Bloomberg News reports that Yeung joined the bank as a director at the end of August and reports locally to Andy Mellor, head of Asia Pacific convertible bond and cash bond trading, according to an internal memo seen by Bloomberg News. He reports globally to Steven Feinberg, head of investment-grade trading for America, and Chris Orr, co-head of investment-grade trading for the Europe, Middle East and Africa region, the memo said. Yeung spent a decade at HSBC and has traded U.S. credit since 2010.

In the meantime, Bloomberg also reports that Deutsche Bank’s Jennifer Hadiaris left the firm to take a position in market structure analysis at Cowen Group, according to two people familiar with the matter.

At Cowen, Hadiaris will assume a role similar to her job at Deutsche Bank, according to one of the people, who asked not to be identified because the move is not yet public. In her position at Deutsche Bank, which she was the first to hold, Hadiaris analyzed structural changes in the U.S. equities market and the effects of regulation on the marketplace. 

Finally, Bloomberg reports that JPMorgan appointed Bader Alamoudi senior country officer for Saudi Arabia and Fahad Al Deweesh chief executive officer of its Saudi investment banking and capital markets business.

Alamoudi will be responsible for JPMorgan’s operations and strategy in the kingdom, the bank said in a statement Tuesday. He was previously CEO of JPMorgan Saudi Arabia, the local investment banking unit, and will report to Sjoerd Leenart, senior country officer for the Middle East, Turkey and Africa, and Khaled Hobballah, head of Middle East and North Africa markets.

Credit Suisse Hires HSBC’s Yeung for New Credit Trading Desk

Deutsche Bank’s Hadiaris Said to Join Cowen in Market Structure

JPMorgan Appoints Bader Alamoudi Head of Saudi Arabian Business

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