Macquarie Securities, the Australian investment bank’s equity division, has appointed Todd Steinberg as global head of derivatives delta one.
He joins from BNP Paribas in the Americas, where he was head
of equities and commodity derivatives.
Delta one indicates derivatives or securities whose prices
move more or less in line with those of their underlyings,
such as futures, ETFs and index products — but not
Based in New York, Steinberg will oversee
Macquarie’s equity derivatives and delta
one/equity finance activities. He heads a team of 250 in
Asia, Europe and Africa, and reports to Roy Laidlaw, head of