Derivs - People and Markets

Nomura has hired Tom Haskins as managing director and head of fx sales for the Americas, and Eric Miller as managing director and head of interest rates sales for the Americas.

Stephane Avis, managing director and head of single stock exotic trading at Deutsche Bank in London, is relocating to Hong Kong.

Robert Beck, senior single stock trader at Citigroup in New York, has left the firm.

The international reach of Dodd-Frank may result in Brazilian businesses choosing to hedge with a non-U.S. firm to avoid any regulatory burdens involved in complying with U.S. regulation.

Thomas Jarck, the ex-head of index flow trading in global equity derivatives at Deutsche Bank in New York, has joined Nomura to run index volatility trading, also in New York.

Bank of America Merrill Lynch has hired Steve Moses, the former head of equity derivative sales at Nomura in New York, in a senior equity derivative flow sales role, also in New York.

Donald Workman, head of the asset protection scheme unit at the Royal Bank of Scotland, has been made the executive chairman for the firm’s Asia Pacific operations in Hong Kong. Workman is replacing John McCormick, who has left after 17 years with the firm (DI, 5/14).

Spencer Cross, equity volatility trader at Citigroup in New York, is joining Deutsche Bank in a similar role, also in New York.

An amendment that would have reviewed a rule in the U.S. that requires investments firms to request a quote to buy or sell derivatives from three dealers—an automatic increase from two dealers—has been rejected by the U.S. Commodity Futures Trading Commission.

The Commodity Futures Trading Commission must take the lead on cross-border regulatory harmonization, George Handjinicolaou, deputy ceo of the International Swaps and Derivatives Association told DI.

Derivatives Intelligence & Derivatives Week have launched the Global Derivatives Law Firm Survey, a comprehensive qualitative customer ranking of law firms across multiple asset classes, regulation, tax, and many other areas. The law firm with the best ranking across all categories within the survey will be crowned the Global Derivatives Law Firm Of The Year at the Global Derivatives Awards ceremony in London in September.

Iain Flockhart, head of delta 1 trading for Europe, Middle East and Africa at Barclays in London, has left the firm.