Calyon retains CAI EM team

The bank is also set to add two emerging markets traders to its global team over the coming months, said Philippe Jeanne, global head of emerging markets trading in London.

"CAI had a strong offshore business while Credit Lyonnais had a strong onshore business," he said. "We are using both assets to develop a stronger business as a whole with a specific focus on eastern Europe." Since Credit Lyonnais had little emerging markets coverage, no dealers from that bank are in the team, he added. "