Derivs - People and Markets
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Mizuho Financial Group has set its sight on increasing its fx and interest-rate derivatives revenues by expanding its line-ups of options and other fx-related products in Asia’s emerging markets.
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Standard Chartered has hired Carsten Stoehr as global head of capital markets.
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Hong Kong Exchanges and Clearing has named Stephen Marzo as cfo and Henry Ingrouille as its chief administrative officer.
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Barclays Capital has given Chris Colman, managing director and head of fx derivative trading in Singapore, responsibility for long-dated fx options trading, as part of a management shake up in global fx.
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Los Angeles-based Imperial Capital has hired Thomas Pritchard and Kenneth Morris as co-heads of investment banking for the energy sector.
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Lazard has purchased the balance of its Brazilian investment bank joint venture Signatura Lazard and said founders, Marcelo Lyrio and Jean Pierre Zarouk, will remain as managing directors as co-heads of investment banking in the country.
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Morgan Stanley is planning to increase its 51% stake in Morgan Stanley Smith Barney Holdings, the joint venture with Citigroup, by another 14%.
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Stanley Young has resigned as ceo of NYSE Euronext, which he joined in 2008.
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The U.S. Securities and Exchange Commission has appointed Jon Rymer as interim inspector general until a permanent appointment is made.
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Separate default waterfalls at central counterparties for different markets and committed capital to each waterfall make sense for limiting contagion, Edwin Schooling Latter, head of the Bank of England’s payments and infrastructure division in London, told DI.
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Deutsche Boerse’s Eurex Clearing unit has entered into an agreement with seven banks, including Deutsche Bank, JPMorgan Chase and Barclays, for its new EurexOTC Clear over-the-counter interest-rate swaps clearing service.
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The chief investment office of JPMorgan Chase is said to have priced some its swaps differently from those of its investment bank.