Derivs - People and Markets
-
Credit Suisse has promoted Deborah Lee to succeed Ben Happ as head of capital services within its Asia-Pacific prime brokerage.
-
Robert Plaze is retiring as deputy director of the Division of Investment Management at the U.S. Securities and Exchange Commission after nearly 30 years.
-
Sweden’s Svensk Exportkredit (SEK) saw its sales of structured notes in the U.S. plunge 74% after its distributors backed away when scandi rival Eksportfinans, from Norway, saw its rating reduced to junk last November.
-
Janice Yu has left as head of cross-asset private banking sales for Asia at Société Générale.
-
UBS has named Hew Glyn Davies as vice chairman of the Swiss bank’s U.K. operations, expanding his current position as an investment banker.
-
The requirement from the European Securities and Markets Authority to require a central counterparty to deduct at least 50% of its regulatory capital requirements from its regulatory capital resources is not suitable, according to the International Swaps and Derivatives Association.
-
Gains from derivatives helped boost second-quarter profits at Prudential and MetLIfe.
-
The five Swedish banks responsible for the Stockholm interbank offered rate are stepping up efforts to improve the way it is set to enhance its credibility following the crisis involving the manipulation of the London interbank offered rate and its equivalents around the world.
-
OCC reported a 12% decline in cleared contract volume in July from a year earlier, and a 7% drop year-on-year, while securities lending volume rose 19% last month from July 2011.
-
Credit Suisse has named investment banker David DeNunzio as global chairman of mergers and acquisitions.
-
3i Group has announced a strategic transaction with WCAS Fraser Sullivan Investment Management to establish debt management platform in the U.S.
-
Markit has announced that its Portfolio Valuations service has enhanced its overnight indexed swap discounting methodologies to allow for more accurate valuations of collateralized and uncollateralized trades.