Derivs - People and Markets

Nitin Jain is leaving as co-head of fixed income for India at Nomura Holdings to become managing director and head of India fixed income at UBS.

Bank of America has named Brian McCarthy as vice chairman of health care investment banking.

A study by U.K. economic consultancy Oxera has recommended that Brazil’s BM&FBovespa should open its new multi-asset class clearing house to boost economic growth.

Jeff Shaw, a director in equity derivative sales at Société Générale in New York, has left the firm.

The opening of China’s corporate bond market to private placements could prove a positive development for credit default swaps there, as players will be able to price more easily credit not linked to state-owned enterprises.

Deutsche Bourse has asked the European Union’s General Court overturn the decision by E.U. antitrust regulators earlier this year that blocked the German market’s merger with NYSE Euronext.

Eileen Rominger is retiring next month as director of the U.S. Securities and Exchange Commission’s Division of Investment Management.

UBS and Hedge Fund Research have launched exchanged traded funds on the UBS ETFs / HFRX Equity Hedge Index SF, HFRX Event Driven Index SF, HFRX Relative Value Arbitrage Index SF and HFRX Macro CTA Index SF.

Sutesh Sharma, Citigroup’s former head of proprietary trading, is planning to launch Portman Square Capital, a London-based hedge fund, this fall with a team of traders from Citi.

Morgan Stanley has named Salvatore Orlacchio as head of European fixed-income sales, succeeding Darragh McCarthy, who has left the investment bank.

Josh Spitz, head of European index derivatives trading at Barclays Capital in London, has left and is set to join BNP Paribas in a similar role.

Deutsche Bank has won three awards in the 2012 Global Derivatives Awards, including Global Derivatives House of the Year. Nomura and UBS each earned two nods, in the annual awards for excellence as judged by the edit staff of Derivatives Week/Derivatives Intelligence.