Derivs - People and Markets

Thomas Batt, director in the equity-linked origination and structuring division at UBS in Hong Kong, has moved to Nomura.

Charles Cernosia, an ex-G10 fx options trader at Citigroup in Singapore, has joined Commerzbank as regional head of fx flow options, also in Singapore.

JPMorgan in London has hired James Gething, an ex-fx options trader at the Royal Bank of Scotland in London, as co-head of fx options trading for Central & Eastern Europe, Middle East and Africa.

Sean Cai, executive director, global equities structuring at UBS in Hong Kong, has moved to HSBC.

Barclays has hired Mark Vaillant as a salesman in emerging market fixed income and fx sales in London.

Nomura has appointed Jai Rajpal as global head of fx in London. Rajpal was previously head of fixed income for Asia ex-Japan at the firm in Hong Kong.

Most covered bonds cannot be hedged with sovereign credit default swaps, because they do not meet for the correlation level required under the European Union’s short selling ban set to start Oct. 1, according to a Bank of America Merrill Lynch report.

Japan’s Financial Services Agency and the Bank of Japan are calling on the U.S. Commodity Futures Trading Commission to shelve regulations for swap dealer registration until a global consensus on the rules can be formed.

BNP Paribas has hired Patrick Schartner, head of institutional sales for Switzerland at HSBC in London, as head of European fx fixed income sales in London, according to an official familiar with the move.

James Durcan, an ex-euro fx options trader at the Royal Bank of Scotland in London, has joined Nomura in the same role, also in London.

Michael Mollemans, director and head of Advanced Execution Services at Credit Suisse in Tokyo, has left the firm.

Joerg Medrow is joining Société Générale as head of credit sales in Germany, Austria and Switzerland based in Frankfurt, starting Sept. 1.