Derivs - People and Markets

Macquarie Group is said to have named Mark Warburton as head of equity capital markets in Australia.

Nomura Holdings is aiming to triple the number of senior investment bankers in the U.S. to around 100 over the next three to five years, according to James DeNaut, head of investment banking for the Americas.

The Depository Trust & Clearing Corp. has appointed Michael Dunn as non-executive chairman of its U.S. swap data repository, effective May 12.

Japan is set to become the first country to implement mandatory clearing of over-the-counter credit default swaps and interest rate swaps. The Financial Services Agency will implement the first phase of the reforms from November, according to a draft of its detailed rules and cabinet office ordinance.

Stanford University Professor Darrell Duffie and student Mohit Thukrai have proposed fixing a flaw in credit default swaps that usually leaves CDS buyers still partly exposed.

ArrowShares has introduced its first exchanged traded fund, the Dow Jones Global Yield ETF, which will invest in 150 of the highest-yielding securities in stocks, bonds and alternative investments.

Proposed rules by the Basel Committee on Banking Commission that would prevent banks from inflating their capital ratios by understating the riskiness of their worst assets would likely hit major European banks with large fixed-income desks the hardest, according to analysts.

A three-notch downgrade of Morgan Stanley to Baa2 by Moody’s Investors Services could force the investment bank to post an addition USD9.6 billion in collateral on derivatives trades.

Investment banking and emerging markets helped lift HSBC’s revenue in the first quarter to USD20.44 billion, essentially flat from a year earlier.

The Bangko Sentral ng Pilipinas, the central bank of the Philippines, is planning to introduce stricter regulation of derivatives.

Deutsche Bank has named Maxim Lojevsky and Vadim Martynenko as co-heads of capital markets for Russia and Commonwealth of Independent States.

Outflows from European equity funds top USD1 billion for the sixth week in a row, according to EPFR Global, a fund flow data provider.