Meteor Asset Management Ltd., the London-based structured note provider, hired David Stuff as a managing director to oversee the firm’s distribution of exchange-listed products.
Stuff will expand Meteor’s sales of structured securities traded on the London Stock Exchange to clients including investment advisers, wealth managers and private banks, Kriss Mulcahy, a product development executive at Meteor in London, said in an e-mail.
Stuff joins from Royal Bank of Scotland Group Plc where he was a director of U.K. sales for investor products and equity derivatives. Prior to RBS, he worked at JPMorgan Chase & Co. (JPM:US) and Barclays Plc.
Structured notes are securities that package debt with derivatives to offer customized bets to investors. Derivatives are contracts whose value is derived from stocks, bonds, currencies and commodities.
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