Derivs - People and Markets

Greece’s projected exit from the euro zone is unlikely to materially disrupt the normal functioning of global fx trading, according to Greenwich Associates.

RBC Capital Markets has appointed Pieter Van Vredenburch to replace Peter Hirsch as head of U.S. dollar rates trading.

BGC Partners has agreed to acquire the assets of Wolfe & Hurst Bond Brokers, a municipal bonds interdealer brokers, in a deal that is expected to close later this year, subject to regulatory approval.

Knight Capital has agreed to acquire the futures unit of Penson Worldwide.

Proprietary-trading firm IMC is said to be shutting its trading floor in Hong Kong and relocating several of its trading staff to Sydney.

Renaissance Capital is said to be cutting its global investment-banking staff by up to 15%, including the departure of Jeremy Sparrow as its Asia head.

Royal London Asset Management has hired Azhar Hussain as head of global high yield.

Ian Collins, head of sales, global markets at HSBC in Sydney, left the firm two weeks ago.

JPMorgan Chase has sold some USD25 billion in corporate bonds and other profitable securities to help offset its credit derivatives losses.

Citigroup has hired Carl Davey as head of prime brokerage sales for Greater China.

CME Group has named Dr. Izumi Kazuhara as executive director and head of Japan. Kazuhara previously worked at NYSE Euronext and EUREX.

Goldman Sachs delayed the debut of its GSessions electronic fixed-income trading platforms because of “logistical issues.”