Derivs - People and Markets

Citigroup has replaced Paul J. Andersson, global head of pan-Asian equity derivative and convertible sales, with Nicholas Smith, managing director and head of pan-Asian convertible bonds.

MSCI has tapped Alan Dubois, a former senior equity derivatives structurer at Société Générale, as head of new business and product development in the firm’s index business.

Monty Lee, a senior index options trader at Barclays in New York, has left the firm to join Deutsche Bank in a similar role.

The International Swaps and Derivatives Association and the Futures and Options Association have published an addendum to existing master documentation. The addendum is a template for counterparties to document the relationship between a clearing member and client when clearing over-the-counter derivatives across central counterparties.

Further changes are required to ensure that failing central counterparties can be resolved safely and effectively without calling on public funds, according to a Bank of England report.

Paul J. Andersson, managing director and global head of pan-Asian equity derivative and convertible sales at Citigroup in Hong Kong, left the firm late last week.

Tradeweb has revealed it completed its first electronic buyside pre-trade credit check for swaps ahead of the introduction of mandatory clearing for swap and derivatives for category two entities under Dodd Frank today.

Barclays has hired Michael Winkelgrund, a former senior delta one trader at Goldman Sachs in London.

The International Swaps and Derivatives Association has published a new 2013 standard credit support annex to standardize market practices in collateral management for over-the-counter derivatives.

Stephen O’Connor has left his position as managing director at Morgan Stanley to take up the position of full-time chairman at the International Swaps and Derivatives Association.

The European Securities and Markets Authority and the European Banking Authority published their final report setting out principles governing transparency and robustness of benchmarks today.

Industry officials aren’t buying an European Securities and Markets Authority review of the short selling sovereign credit default swaps ban. They are questioning the effectiveness of the ban and impact on liquidity.