Jeremy Hermant

Structured Products

Mariana Capital Markets Limited – Equity Derivatives Broker
- Institutional broker focused on value-added research.
- Achievement: opening lines with major market makers.
- Performing daily cross-asset reports, main focus on equity derivatives and associated volatility.

AXA IM – Fund of Hedge Funds – Strategy Analyst
- Long/short equity fund selection focused on fundamental and trading strategies.
- Risk/reward analysis and active management of existing investments.
- AUM: 4.5 bn$ on the whole. Investments in Funds over 100mn$.
- On-site meeting with PMs and marketing materials review.
- Idea generation on the Equity markets and derivatives.

HSBC Global Markets – TMT Volatility Trader
- Single stock trader on Telecom, Media, Technology, Chemistry & Pharmaceutics in Euros. Products
include listed and OTC options, exotic derivatives.
- Limits: EUR 100k Vega per underlying, book total vega 60k
- Active management of trading axes to flow sales force, market-making in vanilla and exotic options,
and light structured products pricing.
- Idea generation to private banking and institutional sales force.
- Proprietary positioning on sector dispersion.

HSBC Global Markets – Trading Assistant
- Volatility fitting, corporate actions, early exercise management on UK and swiss stocks.
- Equity derivatives positions reconciliation, P&L computation, risk analysis and reporting.
- Greeks hedging with both swaps and futures.
- Daily interaction with Middle-Office and Back-Office.