Derivs - People and Markets

A high yield credit trader has left Citi in London and is heading to Barclays.

Societe Generale has lost a senior high yield credit trader from its London operations.

A fixed income salesperson at Barclays Capital with a focus on Swiss clients is leaving the bank and said to be heading to Deutsche Bank in London.

Aberdeen Asset Management has hired the former head of European convertible bonds and equity derivatives research as a convertibles investment manager.

BNP Paribas has made two senior hires in high yield secondary markets, poaching trader Mike Wheeler from Morgan Stanley and salesman Justin Perry from JP Morgan.

Moody’s is introducing a new methodology for rating clearing houses, as these institutions take on an increasingly vital role in maintaining the financial system.

Major headhunting firms say that the strong demand for derivatives traders, salespeople and ancillary experts is only likely to increase.

Commerzbank has added to its credit trading capabilities in London by hiring an experienced structured credit specialist.

Mizuho International has brought in a new head of fixed income trading in London, with its previous head moving to another senior job within the bank.

Moscow may have only secured a Rmb150bn ($24bn) currency swap line with the People's Bank of China in October 2014, but local banks and exchanges have already built solid businesses around the RMB needs of commodities giants and other corporate and banking clients. GlobalRMB spoke to Igor Marich, managing director, money market business, at the Moscow Exchange (MOEX) about recent developments in its RMB product offering.

Peter Higgins, former partner and global head of long-only credit strategies at BlueBay, has left the asset management firm.

BNP Paribas has shaken up its London high yield sales effort with several staff moves, in an efficiency drive and attempt to align cash and derivative coverage more closely.