Derivs - Equity

Equity-linked notes, and in particular reverse convertibles, are returning to the stage in Asia after spending years on the sidelines.

Further local reports from India have heightened bankers’ concerns over the future of p-notes.

Angus Hui, previously a managing director in equity and fund derivatives at Calyon, is joining Citigroup as director of Hong Kong warrant marketing.

Kurt Finkbeiner, head of equity derivatives trading for Asia at The Royal Bank of Scotland, has left the firm.

A handful of reverse convertibles linked to mortgage and housing companies and agencies are being offered in the U.S.

Jeff Sparks, a senior managing director in U.S. equity derivative sales at UBS in Stamford, Conn., has left the firm.

Research from Deutsche Bank suggests equity markets may still be volatile, in spite of the fact equity implied volatility dipped last month across indices globally.

Van Eck Global, a New York-based financial services firm, is set to distribute two exchange-traded notes for Morgan Stanley.

The multi-billion dollar Indian participatory note, or p-note, market is girding itself in the wake of local reports that the government is considering taxing profits.

Yannick Mallegol, a former SG Corporate & Investment Banking equity flow sales staffer, is expected to join Barclays Capital.

Bear Stearns London-based equity derivatives staff are learning of severe cuts to the trading, structuring and sales teams, which have been in limbo since the deal with JPMorgan in March.

Morgan Stanley has bagged a departing Tokyo equity trader from The Royal Bank of Scotland.