Flat

No. 10, DDA SFS, Pocket-1, Dwarka, Sector-22,

Delhi - 110077
Abhishek Lahiri Abhishek.Lahiri86@gmail.com
29 Years +91 9769990293/ +91 9717904366

Synopsis

Trader at one of Asias biggest and rapidly growing Delta One businesses at Deutsche Bank in Hong Kong.
Experienced in handling a trading book with AUM over a few billions USD.
4 year experience in Equity and FX markets, derivatives and Asian market structures and regulations.
Thrived in a fast, hectic, high-pressure trading environment.
2 years experience in power sector in project management, vendor management, quality & supply.
Strong interpersonal relationships to find effective business solutions.

Skills

Capital Markets Financial Derivatives Portfolio Management

Financial Modelling Equity Valuations Risk Management
Valuations Real Option Valuation Behavioral Finance

Experience

Deutsche Bank, Hong Kong October , 2014 Present

Delta One Trading, Index & ETF Trading Trader/ Associate (3rd Year)
Key Responsibilities:
Expertise in pricing, trading and risk management of Equity Swaps, custom or proprietary baskets, Synthetic
forwards, Futures, ETFs, FX forward Swaps.
Expertise in all Asian Equity and FX markets (ex Japan). Includes
o developed markets of Hong Kong and Singapore.
o emerging markets of China, Korea, Taiwan, India, Malaysia, Indonesia, Philippines and Thailand.
o rare expertise in frontier Asian markets of Vietnam, Pakistan and Bangladesh.
Manage delta risk through accurate index replication, this includes:
o Monthly and Quarterly Index Rebalances for benchmark Indices like MSCI, FTSE, etc.
o Corporate action monitoring and resultant rebalancing.
o Dynamic equity and FX hedging for Index tracking positions.
Work with structuring and sales teams in developing strategies and solutions for clients.
o helps guide clients through brainstorming, creating, and managing thematic baskets.
o help clients with reweighting strategies on custom baskets.
Generating alpha for clients (Institutional clients typically pension funds, hedge funds, insurance companies and
ETF providers) through synthetic access to markets, better execution and management of macro risks.
Trading DB Xtrackers Asia listed Exchange Traded Funds
o Licensed ETF market maker on SGX and Hang Seng Exchange.
o Market making activities - maintaining market liquidity, control spreads within regulated limits.
o Hedging ETF exposures via futures contracts and equity baskets.
o Off-market pricing and risk pricing of ETFs.
 Extensively trade with interbank participants through the inter broker-dealer (IDB) market.
Monitor, assess and manage market positions, profit and loss, and total risk.
Manage desk funding requirements and monitoring all maturing fixed income transactions.
Ensure strict compliance with the regulatory and company policies.
Explore additional revenue streams:
o Coordinate with sales and external resources to help increase trading revenue.
o Liaising with Stock Lending desk to correctly reflect market borrow rates for better profitability.
o Strive to achieve greater market crosses to increase commissions generated.
o Explore arbitrage opportunities on Index/ ETFs versus futures and other corporate action arbitrage.
o Capitalize on arbitrage and spreading strategies to capitalize on pricing discrepancies in ETFs.
o Better and optimized inventory management.
Additional Responsibilities:
Research Related:
o Conduct analysis on international macro or industry specific trends, market implications for strategy
refinements for pricing and risk.
o Analyzed financial information and corporate announcements for better risk management of books.
o Formulate and back-tested thematic baskets, pair trades and strategies.
o Discuss trade ideas with senior traders generated based on current risk and market outlook.
Liaising with Middle Office and Back Office for:
o Review daily P&L and risk reports for the assigned trading book for reporting purposes.
o Resolving position errors, trade breaks, corporate action exercises/assignments, clerking/clearing
mistakes, and various other trade-related back-office issues.
o Coordinate with MO for daily trade capturing and booking.
o Conduct periodic training and doubt clearing for MO teams.
Build Excel macros using VBA to enhance trade capture and risk analysis process and other daily activities.

Deutsche Corporate & Investment April , 2012 October, 2014

Banking Center

Synthetic Equities Exchange Traded Funds Senior Analyst/ Associate

Key Responsibilities:
Pre-Market valuations for over 200 DB-Xtrackers and Platinum ETFs, including valuation of funds and NAV
calculations for all ETFs across regions and asset classes.
Daily primary as well as secondary trades including Creation/ Redemptions orders for all ETFs
Fund collateral management under the various collateralization structures, including intercompany trades for
exposures management, corporate actions and optimization of inventory across regions.
Launching and seeding of new ETF funds
Performing quarterly resets and fund rebalances for all funds.
Independently responsible for carrying out all daily interaction and liaising with State Street Global Advisor (fund
custodians), investment managers and other market data agencies.
Overviewing and managing corporate actions for the fund and the collateral pool.
Engage with trading desk over business issues and in business-oriented conversation.
Managing key risk controls and risk exposure on books.
Additional Responsibilities:
Profitability analysis and competitor benchmarking of ETFs, to evaluate pricing and market making strategies.
Take initiatives to set up process flow for new products.
Identify proxies for off market pricing of ETFs to help market makers price aggressively and efficiently.
Inventory Optimization for collateral posting for efficient and competitive pricing.
Explore opportunities for ETF-Index Futures Arbitrage.

Accomplishment:
Formulated, suggested and help carry out trade idea leading to 8% return, amounting to a couple of million USD.
Rare and quick transfer to Hong Kong trading desk as a trader within two years of joining in acknowledgement of
exemplary performance.

Reliance Infrastructure Ltd. (ADAG) June, 2008 June, 2010

Quality and Project Management Assistant Manager

Key Responsibilities:
Worked as a part of the project management team responsible for supply of materials to project site.
Client & Vendor Coordination for Techno-Commercial issues related to Quality & Supply Balance Of Plant
Associated with four power projects including two Ultra Mega Power Projects (SASAN & TILAIYA)
Carried out Suppliers & Vendor Evaluation for Bid Assessment with respect to Quality
Coordinated and carried out inspections at manufacturers facility or site with vendor and client
Carried out periodic process review, suggested corrective and preventive actions for process improvement
Accomplishments:
Resolved an issue related to a supply equipment worth approx. INR 100 million thus reducing supply delay and
saving consequential liquidity damages charges.
Initiatives and Recognitions:
Suggested and carried out in-stage inspections for improvement in QA and reduction in delay in supply
Facilitated synchronization of Quality functions with new SAP systems

Internships/ Live projects

YES Bank Transaction Banking Group. (Summer Internship) April June, 2011

Cash Management & Trade Finance

Worked with a team for structuring and customizing cash management products and services for customers.
Conducted client feedback to ensure customer needs are met through product solutions; and provide inputs for
product development, pricing/ charges
Conducted market research to understand and identify unfulfilled customer needs and untapped markets.
Recommended innovative cash management products aligned with business objectives and clients need.
Acquaintance with trade finance products like Letter of Credit, Bank Guarantee, Buyers/ Suppliers Credit, etc.

Key Academic Projects

Fuzzy logic Real Option Valuation of Offshore Oil Fields using Black Scholes and Simulation Techniques.
Economic study of firms & customers Govt. policies & regulations for Mobile Number Portability.
Bid Analysis of SASAN Ultra Mega Power Project by Reliance Power and Project Financing Structure for the same.
Research Project on "Efficacies of Combining different products/ brands in Advertisements.
Behavioral economic study of demergers and its effect on shareholders
Awards/ Achievements

International Finalist (only Indian team amongst 168 worldwide), Lufthansas LH Case Challenge, Germany (2011)
Winner, Airtel iCreate (2011), B-Plan competition (Across all B-Schools) strategy for DTH & TV-Commerce

Academic Qualification

Qualification Year Board/University Institute

PGDHRM 2012 - Indian Institute of Management, Kozhikode
B.E (Electrical Punjab Engineering College,
2008 Punjab Engineering College, Chandigarh
Engineering) Chandigarh

Licenses held

1. Trading license Level 1 & 2 on HKEx (Hong Kong).

2. ETF Market Making license for ETFs on SGX Exchange.

Positions of Responsibility

Elected President and Founding Member, Voyagers Non-profit students org. for P.E.C students
Convener, TECHNIQUE Annual Tech-Fest, P.E.C
Joint-Convener, Student Council, P.E.C

Key Qualities

Systematic, methodical, diligent and attentive to Excellent communication skills and ability to
detail develop strong working relationships
Proactive approach to problem solving and ability to Experience and excellent knowledge of using
identify and drive though change Microsoft Office suite (Excel/VBA and PowerPoint)