Derivs - People and Markets

Mandatory clearing in Japan has expanded the pool of counterparties in interest rate swaps and boosted liquidity as a result.

UBS Global Asset Management has hired former JPMorgan analyst Weili Lam as a credit analyst in its fixed income research team in Hong Kong.

Gavin Vanderplank, managing director and head of interest rate swaps at UBS in Sydney, has left the firm.

London-based alternative investment manager Arrowgrass Capital Partners has hired Atak Kara as a trader in London.

The Hong Kong Monetary Authority is expected to keep the Hong Kong dollar pegged to the U.S. dollar, despite recent inflows strengthening the currency and moving it close to its upper barrier, according to fx traders.

Eric Pellicciaro, the head of global rates in BlackRock’s fundamental fixed income division in New York, is set to leave the asset manager on Friday.

Citigroup has hired Daniel Mitchell, former co-head of Central and Eastern Europe, Middle East and Africa options trading at the Royal Bank of Scotland in London, as a CEEMEA fx options trader, also in London.

Banks will be required to hold more capital against exposures to central counterparties should a draft regulation from the European Commission be enacted.

Futures broker Newedge has hired Daniel McGowan, former managing member at consultancy firm Sino Ventures in Philadelphia, as its new China chief representative in Shanghai.

The British Bankers’ Association is proposing discontinuing nine tenors and five currencies in the London interbank offered rate framework, along with the sterling repurchase agreement benchmark.

The European Securities and Markets Authority has appointed Giuseppe Vegas, chairman of Italian regulator Commissione Nazionale per le Società e la Borsa, as chair of the Post-Trading Standing Committee.

NYSE Euronext has hired Demetria O’Sullivan as chief risk officer of its new London clearinghouse NYSE Clearing.