Derivs - Equity

Yves Guo, a former executive director in equity derivative structuring at Goldman Sachs in Hong Kong, is set to join Morgan Stanley, according to an official familiar with the move.

Moscow-based Renaissance Capital has hired Leonard Ellis as head of equity derivatives and structuring in New York.

The Securities and Exchange Board of India has pushed back the deadline from May 7 to August 7 for more detailed foreign institutional investors reporting on offshore derivatives and participatory notes written on Indian underlyings.

Andrew Lamb is ceo of CME Clearing Europe in London, with responsibilities including having oversight of the clearinghouse’s risk management and its day-to-day operations. He spoke to Senior Reporter Olivia Thetgyi on the clearinghouse’s plans to develop its business in the region and regulatory developments in the E.U.

CME Group is looking to cross-margin between its U.S. and European clearinghouses, allowing offsetting positions to reduce margins for clearing firms.

Hang Seng Bank, the Bank of East Asia, and the Bank of Communications launched retail structured equity-linked product programs last week, just before the implementation of new regulations Friday (DW, 5/9).

A proposed rule by the U.S. Commodity Futures Trading Commission that would require trades to be confirmed in a short period of time will create hardships for end users, according to panelists at the Markit Evolving OTC Market Landscape conference in London yesterday.

Siddhartha Hari, a director equity derivatives structuring at Deutsche Bank in Singapore, has left the firm, according to officials familiar with the move.

Rajvinder Singh Minhas, a former v.p. in hedge fund sales at Nomura in London, has joined London-based interdealer broker Mariana Capital Markets as a partner, also in London.

HSBC Bank Australia has launched a new capital-protected, capped-upside structure linked to an equally-weighted basket of seven Asian indices for Australian retail investors.

Efforts to weaken proposed European Commission regulations governing derivatives are counterproductive, according to Eric Kolodner, managing director of electronic trading platform Tradeweb.

Stephen Diggle’s new Asia volatility and arbitrage fund, LAVA, has been buying medium-dated calls on the Nikkei, HSCEI and KOSPI, and is eyeing similar trades going forward, according to one official involved with the fund.