Derivs - Interest Rate

Peter Fung, managing director and head of exotics trading for the Asia Pacific at Deutsche Bank in Hong Kong, has left the firm, according to officials familiar with the move.

Hong Kong regulators want to mandate that all locally-incorporated financial institutions report all OTC derivatives trades to the coming local trade repository in Hong Kong.

The key to growth in the structured product market this year will be broker participation, according to attendees at the Structured Products Association Conference in New York today.

Benoit Savoret, the former coo of Lehman Brothers for Europe, the Middle East and Africa, has joined Nomura today as joint head of global equities in London, in a reshuffle of the firm’s wholesale business.

Nine of the 61 positions the Hong Kong Securities and Futures Commission hopes to add this fiscal year will be focused on structured products or derivatives, according to a budget presented to the Hong Kong Legislative Council on Monday morning.

Barclays Capital in New York has lost three staffers from its interest rate derivatives sales group and one emerging markets derivatives trader, all moving to Bank of America Merrill Lynch.

­Societe Generale has hired Mark Landis to assume a new position as head of fixed income and currencies sales in New York.

Pierre Rousseau, global head of equities and commodities derivatives and ceo of BNP Paribas Securities Asia in Hong Kong, speaks to Derivatives Week on the firm's plans to expand in equity derivatives and structured products in the region.

The National Futures Association has hired Edward Dasso, most recently of the InterContinental Exchange, to head up surveillance of swap execution facilities.

The Singapore Stock Exchange’s over-the-counter derivatives clearinghouse, AsiaClear, cleared USD10.335 billion in OTC interest rate swaps in January and USD10.214 billion in February.

Pacific Investment Management Co. plans to launch a new fund called the Tail Risk Hedging Fund 2, according to a senior firm official at the firm.

Interest in short-term hybrid dual digital structures and fx basket products have grown in interest from hedge funds over the last week, on fears of the spreading political instability in the Middle East.