Wematch has announced the hire of Michael Sabbah as head of equity derivatives.
Based in London, Sabbah will lead the product and sales team on equity derivatives.
While Wematch’s immediate development priority lies in meeting its European market needs, the team has ambitions to expand its coverage globally in the near future.
Sabbah’s vision is to provide all services in this business area that Wematch does not offer currently, from traditional voice brokerage through to intermediation in the era of data and automation.
Bringing 20 years of experience to the role, Sabbah’s trading expertise encompasses delta one, volatility, dispersion, exotics and systematic trading and these skills will be key to expanding Wematch’s product offering.
Prior to this role, Sabbah was head of relative value trading, Europe at Morgan Stanley for three years. He also spent 15 years at BNP Paribas, where he was most recently head of short term stock volume trading, Europe.
Speaking on the announcement, David Raccat, WeMatch co-founder and head of EMEA, says: “We are thrilled to welcome Michael within our team in London and we are convinced his expertise, reach and innovation will dramatically develop our current equity derivatives franchise.”
