Derivs - People and Markets

The base salaries of investment bankers globally has climbed 37% in the past four years and now account for 55% of total compensation, up from 30% in 2007, according to the Association for Financial Markets in Europe.

JPMorgan Chase is said to have appointed Teresa Heitsenrether to replace Lou Lebedin as head of its global prime brokerage business.

The International Organization of Securities Commissions should drop references to ‘complex’ financial products in its proposed rules around suitability requirements for the distribution of products, according to a letter from six industry associations.

Adriaan van der Knaap, the former chairman of the global structured capital markets group at UBS, has joined StormHarbour as a principal and managing director in New York.

Rahul Darbari, global head of fx options at Standard Chartered in Singapore, is set to join ANZ in a similar role.

European lawmakers must ensure legislation concerning position limits for commodity derivatives trading is revised so that market liquidity isn’t damaged, according to E.U. parliamentary amendments to the Markets in Financial Instruments Directive.

UBS Investment Bank has launched two ETRACS exchange-traded notes linked to the Dow Jones U.S. Select Dividend Index and the S&P High Yield Dividend Aristocrats Index

First Trust is readying First Trust Morningstar Futures ETF, an actively managed exchange-traded fund, with half its portfolio devoted to commodities and the other half split evenly between fx and equities.

Euroclear has named Marc Autheman to succeed Sir Nigel Wicks as chairman when he retires Jan. 1.

Neuberger Berman is looking to add an Asia presence to complement its London-based Asian fixed-income team.

Standard Chartered has hired Nicholas Chia to the number-two spot on its equity-syndicate desk in Hong Kong.

The International Swaps and Derivatives Association and Securities Industry and Financial Markets Association are refusing to go down without a fight on the issue of exempting inter-affiliate swaps from the Dodd-Frank clearing mandate.