Makor Group, an international agency brokerage group trading cash equities, fixed income, FX and derivative products, has announced its hire of Talal Dehbi, who will be joining the European Derivatives Team as a Managing Director, based in the firm’s London office.
Dehbi brings with him extensive experience trading derivative products, having particularly focuses on hedging, risk recycling trades, derivatives arbitrage and tail hedging strategies. This stems from a long career started in 2006 at Bear Stearns & Co, where Dehbi worked with institutional clients as an equity and hybrids derivatives trader covering wealth management. He subsequently moved on to run the Global Quantitative Investment Strategies book, structuring and trading substantial flagship deals with sovereign wealth funds and asset managers.
In 2008, Debhi joined Intesa Sanpaolo’s Banca IMI, where he substantially contributed to the growth of the bank’s European structures products’ market share by heading the Global Index, which culminated in the bank’s capture of over 70% of Italy’s structured products trading, becoming the country’s leading issuer.
Hired by CIBC London in 2011, Debhi’s responsibilities further included managing the global index and hybrid exotics, generating market share growth in Europe and the United States. Under his purview, from 2011 to 2019, CIBC’s European and U.S. exotics volume grew 20-fold, consistently ranking in the top 5 for structure products amongst counterparties featuring large European and U.S.-based asset managers and private banking institutions. In that same period, Dehbi additionally designed and traded several billions in risk recycling and tail hedging strategies for large NA pensions.
Throughout his career, Dehbi has further repeatedly designed and implemented several risk premia strategies, in addition to publishing thought leadership papers about risk premia extraction in the cross-asset derivatives complex.
“We are very pleased to welcome Talal [Dehbi] to the firm,” said Makor Group founder Michael Halimi. “His impressive track record and sharp insights on derivative products will prove themselves integral to Makor’s continued growth. I wish him the very best as he joins our team.”
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