Natixis, the investment-banking unit of France’s second-largest bank by branches, hired Brian Morrissey as head of equity flow sales.
Morrissey, who joined Natixis on April 22, is based in New York and reports to Stephane Launay, head of equity markets Americas and John Kolb, head of equity finance Americas, said Mitch Karig, a spokesman for Natixis in New York.
Morrissey was most recently a managing director and head of Delta One sales at RBS Securities Inc. in Stamford, Connecticut. He reported to Robert Hammer and traded instruments such as total return swaps to financial institutions. He joined ABN AMRO Bank NV in July 2008, which was later bought by RBS.
Ed Canaday, a spokesman for RBS, declined to comment on the move. Morrissey declined to comment when reached by telephone at his office.
Delta One traders typically help clients speculate on or hedge the performance of a group of securities. Total-return swaps are derivative contracts used to exchange the economic benefit and risk of loans for steady periodic payments.
Groupe BPCE is the parent of Natixis.