Derivs - People and Markets

Schroder Investment Management has hired Stuart Dear as fund manager on its fixed income and multi-asset team.

Unicredit has hired Lofti Bensassi as an exotic fx options trader in London.

Japan’s Financial Services Agency could require dealers to store trade data, since a viable trade repository will not be ready when mandatory clearing starts later this year.

Baring Asset Management has hired Mike Levy as a senior investment manager on its equity team for Europe, the Middle East and Africa.

Crédit Agricole Corporate and Investment Bank has announced it is selling its brokerage unit Crédit Agricole Cheuvreux to Kepler Capital Markets, with the new combined firm to be called Kepler Cheuvreux.

Dubai Gold and Commodities Exchange has launched the DGCX Academy, an initiative to educate investors in benefits of derivatives trading in the Middle East.

Credit default spreads on German sovereign debt narrowed another 7% after tightening 15% last week to their lowest levels since April, according to Fitch Solutions.

Mizuho Bank, Bank of Tokyo-Mitsubishi UFJ, Resona Bank and Sumitomo Mitsui Banking together have posted loss of JPY50 billion (USD632.12 million) in disputes with customers involving fx derivatives in fiscal 2011 through March.

Philippe Lopategui has left as managing director and head of equity prime service for Europe at the Royal Bank of Scotland’s global banking and markets unit.

Deutsche Bank has restructured its corporate finance division to include equity capital markets and leveraged debt capital markets, which previously were part of capital markets treasury solutions.

Nomura has named Jacques Cailloux as managing director and chief European economist.

HSBC is set to hire Nagi Bedawi from JPMorgan and Enrico Lais, who most recently worked at Citigroup, as senior equity derivative traders in London.