Derivs - FX

Jens Nordvig, a former co-head of currency research and strategy at Goldman Sachs, is said to be heading to Nomura Securities as head of G10 fx strategy for the Americas.

Hong Kong’s Securities and Futures Commission plans to give investors first rights to collateral proceeds over swap counterparties in the event a retail structured product is terminated.

Goldman Sachs landed a pair of GBP200 million, six-month sterling calls against the euro earlier this week, with in-the-money strikes of EUR1.175.

London-based Insparo Asset Management has hired Mahan Namin as assistant portfolio manager.

Jamie Robinson, Asia-Pacific head of fixed income, currency and commodities distribution at UBS, will reportedly relocate to London to assume a senior role in fixed income origination.

Vinit Sahni, co-head of fixed income, currencies and commodities distribution for Asia at Goldman Sachs, has left to join Bank of America Merrill Lynch.

Nomura has promoted George Sun and Samir Bhandari to oversee fixed income sales for Asia Pacific ex-Japan.

Coordination between Europe and the U.S. is essential in an effort to regulate the over-the-counter derivatives markets, Gary Gensler, chairman of the Commodity Futures Trading Commission, told a European Commission gathering in Brussels this morning.

European regulators are warning against adopting the same over-the-counter regulatory proposals being put forward in the U.S.

Rainer Jaeger, a director and emerging markets fx options trader at Merrill Lynch in Hong Kong, left approximately two weeks ago.

The Bank of New York Mellon has hired Fiona Chan as Asia Pacific head of derivatives sales in Hong Kong—a newly created role at the firm encompassing fx, rates and hybrid structures.

Asian corporates have started increasing hedges for their emerging market currency exposures, particularly to the South African rand and the Brazilian real, as business ties in those markets have increased.