Derivs - People and Markets

Damien Brosnan has resigned as head of equity syndicate at Morgan Stanley and is said to be heading to UBS as head of equity syndicate for Asia ex-Japan.

S&P Indices is planning to launch the S&P BRIC High Yield Index and risk-control version of the benchmark.

Online financial service provider Swissquote has announced the launch of its Swiss Derivatives OTC Trading System, created in collaboration with Goldman Sachs and UBS.

JPMorgan Chase has hired William McLucas, a one-time head of enforcement at the U.S. Securities and Exchange Commission, amid investigations of the investment bank by regulators of its derivatives-related losses.

Scottish Widows Investment Partners has restructured its global equities team, headed by Will Low, its global equities head, but does not include Mike McNaught-Davis as head of international equities, among other high-profile managers.

JPMorgan Chase has announced that Joseph Walker is returning to the firm as vice chairman of investment banking.

Adrian McGowan, managing director and head of fx trading Asia Pacific at Barclays Capital in Singapore, is set to replace David Shannon as global head of fx options in London.

Jonathan Sebag, London interest rates derivatives trader for Lloyds TSB, left the firm last month.

Bank of Tokyo-Mitsubishi UFJ has hired Dipen Navsaria as an fx options trader in London in a new role.

Eight out of 10 derivatives market participants say managing counterparty risk has grown in importance over the past two years, with 44% of those polled saying it is a top priority at their firms, according to Fitch Solutions.

Clearstream has partnered with Spanish central securities depository Iberclear to develop a new tri-party collateral management service for the Spanish market.

CME Group has launched CME Direct, a new technology service side-by-side trading of exchange-listed and over-the-counter markets, beginning with energy futures and energy swaps