Derivs - Credit
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Mark Wan left Barclays Capital on Thursday. He was a director of credit derivatives and worked on structuring in the firm’s Hong Kong office.
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Seventeen Wall Street firms responsible for the bulk of credit derivatives trading are set to meet later today at the Federal Reserve Bank of New York to discuss proposed changes to the trading infrastructure for trading the contracts.
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Linklaters is adding to its partner ranks in Hong Kong with the appointment of structured finance and derivatives specialist Toby Gray.
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A popular structure allowing emerging market entrepreneurs to borrow against their equity holdings and hedge funds to take on the credit exposure to the loan is being revived by adding warrants to capture upside on the equity.
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Top executives at investment banks are still clamping down on new credit product launches and the packaging of new structures.
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James Lee, head of structured credit products at Citigroup in Hong Kong, has left the firm and is on gardening leave after he resigned from his post.
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The cost of credit-default swaps on U.K. bank HBOS edged up last week as nervous investors digested news of Bradford and Bingley, which announced worse-than-expected arrears figures. -
The Credaris Correlation Fund, launched by the London-based asset manager in January, is on track to meet this year’s target despite market volatility.
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National Bank of Canada and Royal Bank of Scotland recently closed Canada’s first property swap.
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A new tool introduced by Bloomberg Markets may find a way around a hurdle blocking the growth of the loan-only credit-default swap market.
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Structurers are pitching a form of restructuring for corporate collateralized debt obligations that will allow investors to move up the capital structure for no additional cost.
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Sandeep Gill, managing director and head of credit derivatives global financial markets for DBS Bank, the largest bank in Singapore as measured by assets, has left the firm.
