Derivs - People and Markets

Deutsche Bank has appointed Manuel Irarrazaval, head of investment banking for Chile, to succeed Jose Miguel Alcalde as chief country officer for Deutsche Bank Chile.

Peter Smith is leaving as head of investment policy at the U.K.’s Financial Services Authority to become director of policy at the Dubai Financial Services Authority next month.

U.K. investment bank Seymour Pierce has appointed David McCreadie, current head of private clients, as head of equities and has expanded its equities sales team with the hiring of Oliver Hoare and Darryl Warnford-Davis from India’s Religare Capital Markets.

New anti-tax avoidance rules in India could snare foreign investors and dealers active in the country’s over-the-counter and offshore equity derivatives market.

Firm compliance teams are swinging into action to prepare for potential registration as swap dealers—or at least to figure out, along with the business side, whether they will avoid having to enroll.

The Australian Securities and Investments Commission has proposed changes to the financial resource requirements for issuers of electricity derivatives.

Berkshire Hathaway will likely scale back the use of derivatives under its planned investment leaders, former hedge fund managers Todd Combs and Ted Weschler, according to Warren Buffett, its current ceo.

Goldman Sachs is said to be planning to extend its new GSessions electric bond trading system to cover credit default swaps some time after its initial launch in coming weeks.

India’s privately owned Skymet Weather Services has announced plans to launch weather derivatives indices on commodity exchanges.

The U.S. Securities and Exchange Commission has approved rules proposed by the Municipal Securities Rulemaking Board that would require banks that underwrite municipal derivatives to disclose the risks of the deals to state and local governments.

Waleed El-Amir has resigned as head of investment banking for the Middle East and North Africa at Bank of America.

Fitch Ratings has appointed John Miles as head of Fitch Australia, replacing Ben McCarthy, who will continue in his role as head of structured finance for Asia-Pacific.