Derivs - FX

Gregor Kapferer, head of credit trading at BayernLB in New York, has been promoted to oversee all cash and derivatives trading on the desk across credit, fx and interest rates—a newly created role.

Ex-Royal Bank of Scotland saleswoman, Jacqueline Tan, is widely tipped to head up corporate structuring solutions at Barclays Capital for the Asia Pacific region.

Calyon has hired Steve Chan to head up the firm’s foreign exchange options trading in Asia.

Morgan Stanley has added several staffers in fx and emerging market sales and trading, continuing its aggressive global expansion.

Corporates shunned large notionals on options involving the U.S. dollar this week, instead opting for cash positions.

Chak Wong, managing director and head of corporate structuring solutions at Barclays Capital in Asia, left the firm last week for an academic position.

Barclays Capital is reviewing its employee pay structure. Richard Broadbent, an independent director, is overseeing the project and will report his findings early 2010. The firm will then decide whether it will increase staffers' basic salaries.

UBS has hired Gianluca Passaretta, Calyon’s head of Latin America trading, to oversee LatAm fx and rates derivatives trading.

Deutsche Bank has moved Daniel Swasbrook to New York from London to assume more responsibility in the wake of the departure of David Steck, head of fx sales for hedge funds in the Americas, according to a headhunter.

Nomura has hired Christopher Hughes, an institutional fx sales exec from Bank of America in New York.

The European Commission has just released an outline of its planned regulation of the over-the-counter derivatives market.

Société Générale has reportedly hired Duan Yang from Standard Chartered, where he was a managing director and head of fixed income sales for China.