Derivs - Equity

Canada’s Scotiabank is looking to grow its prime brokerage operations to attract hedge fund business, with plans to use a generic off-the-shelf technology platform to quickly enter the field.

Moscow-based VTB Capital has launched the VTB Capital Russia & CIS Equity Fund and the VTB Capital Russia & CIS Fixed Income Fund.

Deutsche Bank is planning to reduce the size of its investment-banking business in Dubai by 25%, with a number of directors expected to leave.

U.K.-based fixed-income manager Kames Capital has expanded its U.S. equities team with the hiring of Marcus Chandler as a senior portfolio manager. Chandler most recently worked at LV= Asset Management.

Schemes by U.S. and European central banks aimed at stimulating the economy are expected to help lift Canadian capital markets, as equity and debt sales this year are currently trailing 2011 levels.

Deutsche Bank has named the executive committees of its EUR900 billion Asset & Wealth Management, as the bank is overhauling its structure.

Makram Fares, co-head of European equity sales and equity derivatives at Nomura in London, has left the firm.

The Danish Presidency of the E.U. has introduced an explicit waiver for non-equity derivatives in the Markets in Financial Instruments Regulation.

Equity structured products usage among private banking clients in Europe is declining due to investor caution.

Bespoke indices and strategies in retail structured products are likely to continue to be a growing trend despite regulatory scrutiny of products with such underlyings and features, according to Peter Corner, global head of structuring, equity markets and commodities at Commerzbank.

Nomura is folding its equity futures and options sales and trading professionals in Hong Kong under its fixed income hierarchy, as part of the global restructuring of its equity business.

Jakub Topp, head of equity single stocks trading at Deutsche Bank in London, has left as part of firm global cost saving trimming.