Following the announcement last week that it will be working with Fitch Solutions to improve the vendor’s credit default swap (CDS) data distribution, Pricing Partners has added another member to its London-based client support team. The valuations solution vendor has hired ex-JPMorgan trader Yash Agarwal as a client consultant.
At JPMorgan, Agareal worked on the equity exotics and hybrids desk as a trader and the vendor is hopeful that he will lend some of his experience with equity derivative structures to his new role. Ana Pu?c?, head of client support, says: “He brings valuable experience and should enable us to enhance our excellence in the fields of financial derivatives pricing with deep knowledge and fresh ideas on market practices from one of the largest and most prestigious US banks. His practice and knowledge of financial markets should propel us to new heights.”
Eric Benhamou, CEO of Pricing Partners, adds: “Pricing Partners has reached a critical mass in terms of clients and business activity. Now is the time to strengthen our client support team to continue delivering top quality service on both independent valuation and quantitative expertise. In addition, we are very keen on hiring people with strong backgrounds from the trading industry to maintain our edge on the expertise and knowledge of market practices in the derivatives industry.”
The hire should help the vendor bolster its efforts in the derivatives markets, such as those with Fitch and within the valuations space as a whole.