Credit Agricole appoints FX options head
Richard Bailey joins after leaving Commerzbank
Richard Bailey, former global head of foreign exchange derivatives at Commerzbank, has joined Credit Agricole as global head of FX options.
Based in London, he reports to Dmitri Shuster, global head of FX.
Bailey spent less than a year at Commerzbank after joining from Infinium Capital Management. He was head of FX trading at the non-bank market-maker, which ran into financial difficulties earlier this year.
Prior to that, Bailey was global co-head of FX trading at Societe Generale between 2009
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