Crédit Agricole has appointed Bruce Cairnduff as head of its debt capital markets team for Asia, with Benjamin Lamberg also moving to Hong Kong as head of global debt markets for Asia.

Bruce Cairnduff

Cairnduff will be moving from London to Hong Kong at the end of the month, having been head of financial institutions and covered bond syndicate. Crédit Agricole has yet to announce how his departure might affect responsibilities in London. Vincent Hoarau, head of covered bond syndicate, has been working with Cairnduff on syndicate.

Cairnduff will be responsible for overseeing all of Crédit Agricole’s primary debt activities in the region, working closely with the bank’s corporate and financial institutions teams and involving Japan and Australia. He will report locally to Graham Williams, head of fixed income markets for Asia ex-Japan, functionally to Tim Hall, global head of DCM, and will be on the global DCM management committee.

Lamberg, previously global head of MTNs and private placements based in London, will oversee primary and secondary global debt markets (GDM) trading activity locally. Crédit Agricole said that he will expand the marketability of its GDM products in the region, relay the bank’s global effort to build up its platform and facilitate cross border flows. He will report locally to Williams, functionally to Philippe Rakotovao, global head of GDM, and be a member of the GDM executive committee.

“We are confident that Benjamin and Bruce’s experiences and track records, complemented by the successes of the current teams globally, will guarantee the success of the Crédit Agricole CIB credit and rates franchise in Asia including Japan, an important region for the bank” said Jim Siracusa, global head of credit and rates.