Derivs - Equity

Joseph Elmlinger, managing director and global head of equity derivatives at Citigroup, left the bank Aug. 8 (DWO, 8/8) amid a reshuffling of senior posts and the creation of a new unit.

Standard Chartered has made a raft of senior equity hires as it builds an Asian equity unit from scratch, including its first foray into equity derivatives.

Adam Green, the former co-head of North American equity structured investments marketing at JPMorgan, has rejoined the bank in its wealth management group.

Barclays Capital has hired Andrew Weiss as a director in sales for its New York over-the-counter derivatives solutions team.

Investors are picking up long-dated Euro STOXX 50 index volatility as levels drop from recent highs, with the more turbulence forecast in the markets through to next year.

Joseph Elmlinger, managing director and global head of equity derivatives at Citigroup, has left the bank.

The Securities and Exchange Board of India’s foreign institutional investor regulation amendments have caused anxiety amongst the industry over the definition of a new clause linked to off-shore derivatives, which it fears is too narrow and may curtail lucrative business if taken literally.

Jeff Kushner, a managing director at BlueMountain Capital Management and one of the founding fathers of the U.S. loan-only credit default swap market, is heading to London to run the $4.8 billion hedge fund’s City desk.

Bearish asset managers are being advised to use property derivatives, as new figures show the sector continues to boom.

U.K. investment house NDF Administration has used Citigroup to structure its two latest FTSE 100 and the Euro STOXX 50 related plans.

Some European hedge funds are going long equity correlation in a trading strategy that reverses the traditional structure of investment banks looking to buy correlation from the funds.

Wahid Chaudhry, a former equity derivatives trader with Deutsche Bank, is tipped to land at Lehman Brothers in London as the firm’s head of index exotics trading.