Derivs - People and Markets

Andrew Jarman, who was European head of high yield credit trading at Deutsche Bank, has joined Mizuho in the same role as part of the firm's build out in leveraged products, writes Hazel Sheffield.

Vicente Pons, the former head of fixed income trading and derivatives at Renaissance Capital in London, has set up Frontera Capital, a boutique firm focused on frontier markets.

Chris Yoshida, Europe, Middle East and Africa head of interest rate distribution at Morgan Stanley, is joining Deutsche Bank in a new role in New York.

Bloomberg has launched its own swap data repository, serving as a centralized record keeping facility for interest rate, credit, fx, commodity and equity swaps transaction data.

RBS remains committed to OTC client clearing in asset classes outside interest rates after announcing on Monday that it is quitting the rates prime brokerage business.

Complex package transactions may be difficult to price electronically now that the package transaction requirement to trade such products on swap execution facilities is live, according to Nathan Jenner, coo of fixed income, currency and commodity trading at Bloomberg.

Kira Bazile, ex-managing director at BTIG in New York, has joined alternative asset manager North Street Global as a president, also based in New York.

Some swap execution facilities could face closure as they struggle to attract liquidity and trading volumes. Market participants are beginning to question what needs to occur for SEFs to survive in the new and evolving derivatives market structure, report Beth Shah and Daniel O’Leary.

Nomura has hired Ronan Connolly, the ex-head of equities trading for EMEA at Citigroup in London, to the same role, also in London. Connolly is the latest senior hire by Nomura amid increased revenues in its equities business.

Dorian Raimond, ex-head of index and options trading at BNP Paribas in London, is set to join Barclays in a similar role.

Tomas Zikas, New York-based managing director and head of SwapEx, State Street’s swap execution facility, has left the firm.

ICAP’s European swap execution facility went live Monday, following temporary registration approval from the US Commodity Futures Trading Commission to operate a multi-asset class SEF. This makes it the first non-US domiciled venue to be approved.