Derivs - People and Markets

Credit Suisse is planning to cut up to a third of its senior European investment banking staff as part of its earlier announced 3,500 personnel reduction.

Deutsche Bank’s db X-trackers has launched the db X-trackers MSCI Pakistan IM TRN ETF and db x-trackers MSCI Bangladesh IM TRN Index ETF, which will track equity indices of the two Asian countries.

Financial data and services provider Delta One Technologies has debuted a new database containing a decade worth of historic data for indices and exchange traded funds.

Two-thirds of fund selectors said high yield is a valid replacement for equity, according to a Citywire survey.

Alexandre Dube and John Argent, the fx derivatives trader and interest-rate derivatives trader at Lloyds Banking Group who were suspended in March for their alleged manipulation of Libor, have returned to work.

The Zambian government has launched the Bond and Derivatives Exchange Zambia, which will focus on developing the domestic fixed income and derivatives market.

Sanjay Bansal, co-founder and managing director of Ambit Capital, is leaving to form an investment bank that will focus on mergers and acquisition and restructuring services.

Credit Suisse is relocating Benjamin Happ, head of capital services in it Asia-Pacific prime brokerage, in Hong Kong to Boston.

Avril Pomper, managing director and head of European fixed income, currency and financial products distribution at the Royal Bank of Canada in London, has left the firm.

Zhenyu Duanmu, head of exotic equity-linked trading for Asia Pacific at Bank of America–Merrill Lynch in Hong Kong, is moving to Citigroup.

Australia’s approach to mandatory clearing of over-the-counter derivatives will make it difficult to establish a domestic clearinghouse, moving clearing of Australian derivatives offshore and limiting the ability of local regulators to manage risk, according to industry officials.

The European Securities and Markets Authority has released a second consultation paper on its technical standards for the regulation of over-the-counter derivatives, central counterparties and trade repositories.