Derivs - Equity

Max Nelte, global head of custom index structuring at the Royal Bank of Scotland in London, is relocating to Hong Kong.

Regis Loeb, managing director and head of European index trading at Bank of America Merrill Lynch in London, has left.

National Australia Bank has hired James Lorimer as a senior trader for fixed income, currency and commodities in its wholesale banking team in London.

HSBC is prepared two series of non-principal protected callable equity-linked structured products to be marketed to investors in Hong Kong.

Christopher Mikosh a former special-situations trader at Goldman Sachs, has teamed up with Patrik Edsparr, most recently global head of fixed income at Citadel, and Jim Sweeney, former ceo of the defund Boyer Allan Investment Management, to launch a credit hedge fund by either the fourth quarter of this year or early next year.

European investors pulled out EUR21 billion (USD25.8 billion) from equities in the second quarter after putting in EUR3 billion (USD3.68 billion) in the preceding three-month period, apparently over instability in Europe and negative economic news from the U.S. and China.

International regulators have issued interim regulations that will force banks to hold capital against exposures to central counterparties on derivatives trades.

The tight regulatory regime imposed in China on structured products last year may be loosened soon.

Nomura’s Asia Pacific House of the Year win shows that when doing business in the region, it pays to have a local pedigree, knowledge and a commitment to Asia.

The European Securities and Markets Authority has decided against enforcing a requirement to distinguish synthetic from physical UCITS exchange-traded funds following a consultation held earlier this year.

Firas Zenie, an executive director in synthetic equity trading at UBS in London, has left the firm.

Investors in South Korea are buying puts on the Kospi 200, such as December, 2013, 90% puts at 4.7%. They’re taking advantage of cheap downside volatility being sold by dealers looking to hedge the growth in equity-linked structured products.