Derivs - Equity

Deutsche Bank has hired Ted Wasserman as managing director and head of equity derivatives flow sales for North America.

Greg Kuppenheimer, head of the equity strategies group focusing on structuring and marketing for institutional clients at Goldman Sachs in New York, left the firm in recent weeks.

Industry groups in London are against the client categorization rules changes for over-the-counter derivatives proposed under the Markets in Financial Instruments Directive.

Leonardo Giangreco, the former co-head of equity sales at Bear Stearns in London, has joined Banco Bilbao Vizcaya Argentaria as head of equity derivatives sales for Europe ex-Spain in London.

UBS has hired Gilbert Langner to head up the firm’s electronic volatility trading in business in Asia Pacific.

Julien Bahurel has resigned from Morgan Stanley where he headed up equity derivatives sales, and will take up the same role at UBS, according to an internal memo seen by Derivatives Week.

As the Securities and Exchange Commission proceeds with its review of fund’s usage of derivatives, it has urged funds to take a fresh look at derivatives-related disclosures.

The KOSPI200 index will be the first asset available to the new Korean knock-out warrant, similar to a callable bull/bear contract, says Joon Park, a product manager for the Korea Exchange in Seoul.

Corporates could be impacted by rules being considered in Europe that would restrict short selling across all financial instruments, according to Rolls-Royce.

Société Générale blamed an adverse environment for equity derivatives for the 54.5% decline in revenue from equity activities from the first quarter of 2010.

A handful of Deutsche Bank’s Asia-Pacific equity derivatives structuring team, headed by Allen Zhau, left the firm on Tuesday.

Macquarie Securities Group is continuing to aggressively expand its derivatives business, and has hired a series of equity salesmen and traders.