Mr Carter’s role, a new position at the firm, will be to oversee the build-up of the bank’s global derivatives capability.

From 1998 to 2007 Mr Carter was at Credit Suisse First Boston (CSFB), latterly as global head of equity derivatives. In this role, he was instrumental in the expansion of the bank’s global equity derivatives trading, sales and structuring in London, Hong Kong and Tokyo. Prior to that he was co-head of European cash equity and head of European convertibles. Most recently, Mr Carter was co-founder and portfolio manager of the macro volatility fund manager Black Tower Capital.

Nick Andrews, global head of equities at Renaissance Capital, said: “We are delighted to welcome Chris at the time when we are aggressively exploiting the significant growth opportunities and continue building a first-rate team of equity derivatives practitioners.

“Chris’ unparalleled knowledge of the Asian and European markets, his impressive management track record in derivatives trading, sales and structuring will be extremely important to us as we aim to become the premier partner to clients across all our geographies for equity derivatives and structured products.”