Derivs - People and Markets

The Structured Investment Group has opened its doors as a structured product provider for the intermediary market.

Deloitte has hired Robert Schmitz, Richmond Ang and NK Naginial Modi to boost its debt-structuring practice in Asia.

IMC, the Dutch proprietary trading firm, has hired Wim Den Hartog as co-head of its Chicago office together with Scott Knudsen.

Paris-based La Française AM has teamed up with the Global Markets Intelligence unit of S&P Capital IQ to develop a global credit fund based on GMI’s risk-to-price methodology.

ICAP has completed its acquisition of PLUS Stock Exchange as it moves to expand is futures and options trading business.

Nasdaq OMX has announced that it plans to launch NLX, a London-based interest rate derivatives platform, in the first quarter of 2013, pending regulatory approval.

Andrei Kirilenko is stepping down as chief economist at the U.S. Commodity Futures Trading Commission at the end of 2012 to become finance professor at the Massachusetts Institute of Technology’s Sloan School of Management.

Dutch social-housing organization Stichting Vestia Groep will lose EUR1.3 billion (USD1.65 billion) of collateral and repay nine banks EUR600 million (USD762.2 million) over 10 years in exchange for the banks unwinding the swaps.

Northern Trust has named William Huber and Mark Gossett as co-heads of global fx, effective July 2.

Paul O’Donnell is leaving as coo of BATS Chi-X Europe in coming months and will rejoin Morgan Stanley, which he he left in 2008 after 14 years, as a managing director.

U.S. and European regulators must ensure mutual recognition when finalising derivatives regulation in order to reduce jurisdictional conflict, legal risk and compliance complexity, according to a report from a coalition of industry groups called the E.U.-U.S. Coalition.

Deepak Gulati, head of global equity proprietary trading at JPMorgan Chase, was in Rome to meet with backers for a hedge fund, with a possible launch next year.