Derivs - People and Markets

South Korean corporations not already licensed by the Financial Services Commission are now allowed to issue certain types of non-principal protected structured products, following the implementation of a recent amendment to the country’s main financial regulation.

Hedge Fund CQS has tapped Greg Sadler, a financials trader in credit at Barclays in London, as a portfolio manager.

Trudy Lee, managing director and head of fixed income markets at Credit Agricole in Singapore, has left the firm.

Kevin Walker, the former partner and head of multi-asset sales to pension funds and insurance companies at Goldman Sachs in London, is set to join Citigroup in a new role.

Garry Jones, former head of global derivatives for NYSE Euronext and ceo of NYSE LIFFE, is joining the Hong Kong Exchange Group as chief executive of the London Metal Exchange.

Tullett Prebon has filed an application to the U.S. Commodity Futures Trading Commission to become a swap execution facility under Dodd-Frank, three weeks after the final SEF rules became effective.

Naresh Malhotra, the former co-head of North American correlation trading at Merrill Lynch in New York, has joined SunGard as a client solutions design specialist in risk management and trading, also in New York.

The Australian Securities Exchange’s over-the-counter derivatives, futures and options clearinghouse expects to meet the higher international capital standards for central clearing counterparties, including those set in the E.U.

StormHarbour Securities has hired Magnus Orgard, the former European head of solutions and derivative sales at WestLB, to work in the firm’s client solutions team in London.

Andrew Line, ex-equity derivatives and structuring salesman at HSBC in New York, has joined Citigroup, also in New York.

Gabriel Lettieri, ex-director in equity derivatives sales at Barclays in New York, will be joining Deutsche Bank in the same role, also in New York.

Paul Williams, the ex-co-head of European credit sales at UBS in London, has joined London-based debt capital markets trading and research brokerage Yorvik Partners.