Derivs - People and Markets

JPMorgan is looking to move from Europe’s fifth-largest prime brokerage to number one by the end of 2013, according to Teresa Heitsenrether, global head of prime brokerage.

The New Zealand Financial Markets Association has been tapped to replace the New Zealand Bankers’ Association as manager of the country’s standardized over-the-counter derivatives documentation.

Harald Gegenwart has left as head of German equity trading at Morgan Stanley as part of a staff reduction amid a business slowdown in Europe.

Swedish bank SEB has appointed Peter Herrlin as head of its prime brokerage division in London.

Swedish bank SEB has appointed Peter Herrlin as head of its prime brokerage division in London. Herrlin, who has been with the unit since joining the firm in 2010, succeeds Atilla Olesen who has relocated to Denmark to take up a position as head of Enskilda Equities, a unit of SEB.

Adam Jones has left as senior credit derivatives trader for single-name correlation products at Morgan Stanley as part of a staff reduction.

Credit Suisse has hired Will Brett as managing director and head of Americas corporate equity derivatives in New York. He is expected to start in the beginning of October.

Citigroup has launched a Web site that provides customers detailed information about their derivatives accounts with the investment bank.

NYSE Euronext reported that global announced trading volumes were down 5.9% in June from a year earlier, with an 11.7% decline in the U.S. and a 0.8% decline in Europe.

ProShares announced that its new ProShares UltraPro Short Financial ETF, which debuts July 12, will invest in derivatives, including swap agreements.

Credit Suisse has named Nicole Yuen as managing director and head of equities for Greater China.

Interdealer-broker ICAP has introduced new dealing rules for its EBS fx trading platform, aimed at preventing high-frequency traders from distorting prices.