Derivs - People and Markets

ANZ has hired Anshul Sidher, head of structured derivatives and offshore rates at Barclays Capital in Singapore, and Bryn Meredith-Foster, director and senior yen options trader also from BarCap in Singapore.

The progression from voice-trading exotic options to electronic trading platforms will not be immediately transferable, according to a report by Aite Group, an investment research firm.

Bruno Iksil, the London-based derivatives trader said to be largely responsible for billions in losses at JPMorgan Chase, is said to be leaving the investment bank, though the timing of his departure is unclear. Click here to read the story from The New York Times

JPMorgan Chase has named Jing Zhao has head of financial institutions group emerging Asia (Asia ex-Japan).

SurfacExchange, the fx derivatives multibank platform provider, has hired Yvan Bedoute as president and coo, Jean Axelrod as managing director for sales in the Americas, and Ine Hoekstra Gustafsson joins as head of business development for Europe, the Middle East and Africa.

James Bannister, London head of flow credit sales to asset managers and insurance companies, has left JP Morgan.

Lloyds Banking Group is said to have suspended fx derivatives trader Alexandre Dube and interest-rate derivatives trader Jon Argent two months ago amid the investigation of alleged manipulation of London interbank offer rate.

The disclosure of information in synthetic exchange traded funds related to collateral, embedded costs and counterparties needs to be greater, according to a report by Morningstar.

Rahul Darbari, global head of fx options at Standard Chartered in Singapore, resigned on Wednesday.

The Monetary Authority of Singapore is slowing down the roll out of its mandatory clearing rules, with September now the likely goal for a finalized framework.

The number of Australian investors in capital-protected products fell 9% in 2011, largely because of expectations of lower market returns and the European debt crisis, according to Investment Trends.

The U.S. Office of the Comptroller of the Currency said it is reviewing JPMorgan Chase’s USD2.3 billion in losses but noted that it was unclear whether the trades involved would have violated a proposed ban on proprietary trading under the Volcker Rule.