Derivs - People and Markets

HSBC Securities (USA) has named Thomas Crystal as U.S. head of high-yield sales.

JPMorgan Asset Management has named Chris Willcox to succeed Seth Bernsten as global head of fixed income and currency.

Traders said JPMorgan Chase’s chief investment office in London is still continuing to distort credit markets with its trades despite unwinding 70% of its positions earlier this week.

The U.S. Securities and Exchange Commission has been investigating Liquidnet’s equity capital markets business over alleged deficiencies in how it protects information about firms using its platform.

Barclays has made changes in its executive team, naming Jerry del Missier, co-head of corporate and investment banking as coo, a position that has been unfilled since 2008.

Brazilian investment bank BTG Pactual and Russian investment bank VTB Capital have teamed up to explore business opportunities in Latin America and Russia.

Charles Gorman has resigned as managing director and co-head of fixed income, currencies and commodities at Goldman Sachs in Australia.

Nomura has appointed Mark Williams to succeed the retiring Patrick Schmitz-Morkramer as head of investment banking for Asia ex-Japan.

Moody’s Investors Services has downgraded 15 banks and securities firm with global capital market operations.

Moody’s Investors Services has downgraded 15 banks and securities firm with global capital market operations.

JPMorgan Chase has sold off 70% of its position related to the CDX.NA.IG.9 index.

Brazil’s Itaú BBA has hired Gregory Wagner as global head of prime services.