Derivs - People and Markets

Citigroup has hired David Silber as managing director and head of flow equity derivatives sales and Peter Lambrakis as managing director and head of equity derivatives trading.

Andrew Amstutz has left as global head of prime-finance and equity funding at Citigroup.

The European Commission intends to make the manipulation of the Libor and Euribor a criminal offence.

The Commodity Futures Trading Commission has proposed rules that will require certain credit default swaps and interest rate swaps to go through clearinghouses.

Saxo Capital Markets UK has appointed Nick Beecroft as chairman in London.

Srinivas Uriti, managing director and head of credit trading and structuring at ING Bank in Singapore, has been promoted to head of capital markets, Asia.

Oppenheimer & Co. has named longtime firm veterans Bruce McCarthy and Marc Thompson as managing directors and co-heads of investment banking. .

The U.S. Commodity Futures Trading Commission has approved the joint venture of Depository Trust & Clearing Corp. and SWIFT as an interim provider of legal entity identifiers, which will be used by registered entities and swap counterparties in complying with the CFTC’s swap data reporting regulations.

Trading volume of credit default swaps in emerging markets fell 9% in the second quarter from a year earlier over growing concern about the slowing global economy and the euro zone debt crisis, according to the EMTA. Click here to read the story from Reuters

IntercontinentalExchange has launched clearing for emerging markets credit default swap indices.

Adam Cordery has left as head of European and U.K. credit at Schroders, and will be succeeded by Patrick Vogel from Legal and General in August.

George Bory has departed as UBS global head of credit strategy amid the bank’s efforts to reduce its investment bank staff by half.