Derivs - People and Markets

Changes still need to be made to the updated European Markets in Financial Instruments Directive and Markets in Financial Instruments Regulation to ensure systemic resilience and advance risk management is supported, according to the International Swaps and Derivatives Association.

Areski Iberrakene, the former global head of equity derivatives at Dresdner Kleinwort, is in the early stages of preparing to launch a hedge fund in London, called Areski Capital.

Aviva Investors has named Tim Jagger senior v.p. and Asia credit head.

Nomura has named Gerard Yuen as head of investment banking in Singapore.

The U.S. Securities and Exchange Commission has named Norm Champ to succeed the retiring Eileen Rominger as director of its Division of Investment Management, effective July 9.

Emmanuel Delattre, head of credit sales, Europe for the Royal Bank of Scotland in London, resigned on Wednesday.

The Chinese authorities will wait until the development of the nation’s central clearing counterparty before rolling out an electronic confirmation matching system across the onshore yuan interest rate swap market.

Moody’s Investors Service suggested that recent resignations of top executives from Barclays amid allegations of manipulation of the London interbank offered rate, may pressure the bank to shift its business model away from investment banking.

HSBC has hired Paul Busby as head of prime services sale for the Americas.

Lorne Kerr, an ex-senior equity derivative salesman at Société Générale in New York, is set to join Wells Fargo as a director in listed options in a new role, also in New York.

Prior to Bob Diamond’s U.K. Treasury Select Committee hearing on the firm’s manipulation of Libor, commentators alluded to the impact Diamond’s comments would have on the integrity and career of Paul Tucker, deputy governor, financial stability at the Bank of England. Yet, Diamond’s comments were never in doubt.

Bob Diamond and Jerry del Missier have resigned as ceo and coo, respectively, at Barclays following the bank’s settling with regulators over alleged manipulation of the London interbank offered rate.