Calyon restructures Asian capital markets division

In line with a global restructuring within its capital markets division, Calyon has announced that Jacques Beyssade will take on the role of head of capital markets for Asia-Pacific ex-Japan. He will be based in the firm's Hong Kong office and will split his reporting between Marc Litzler, deputy CEO of Calyon and Gilles Allein, CEO for Asia-Pacific.

BeyssadeÆs appointment comes as Calyon converges its entire capital markets group under one umbrella and is consistent with a global strategy that has already been executed in Japan, the Americas and Europe. Under the restructuring, once distinct groups including: treasury; foreign exchange; credit activity- securities; fixed income; structured credit- commodities, interest rate derivatives and equity derivatives will fall under the one team.

Beyssade will take responsibility for managing all these Asian divisions, which previously reported into Paris and London. The firm describes the move as a response to lack of local coordination among the capital markets divisions and as a response to recent growth in Asia.

Beyssade takes on the newly created role from CalyonÆs Americas operations, where he has been responsible for heading up its capital markets business since 2001. Jerome Le Jamtel, who transfers internally, will now fill this post.

Prior to his Americas role, Beyssade managed the firmÆs branches in Korea from 1997 to 2001. He has held an array of senior positions within the corporate and investment banking entities for both Calyon and Credit Lyonnaise, which he joined in 1984.