UBS’s Heravi and Hedberg to Join RBC in Equity Derivatives Push

RBC Capital Markets is expanding its presence in the equity derivatives market with two senior hires from UBS AG, as the bank pushes into a part of Wall Street long dominated by proprietary trading firms.

The Canadian bank is hiring Amir Heravi, who led US equity flow derivatives trading at UBS, and Jason Hedberg, who has left his role as head of equity derivatives sales at the Swiss bank, according to an internal memo seen by Bloomberg.

A spokesperson for RBC shared the memo outlining the hires with Bloomberg. A UBS spokesperson declined to comment.

RBC’s hires come ...