Derivs - People and Markets

Samantha Page is leaving as director of over-the-counter clearing at the Royal Bank of Scotland in London and is planning to join Bank of America Merrill Lynch in July as director of futures, forwards and options and OTC clearing.

Andrew Huszar has left as head of over-the-counter client clearing at Morgan Stanley.

Gay Huey Evans is the ultimate derivatives bigwig. She has been involved in swaps and derivatives for more than 30 years in roles as a regulator and trade association chief, as well as holding senior positions at major buyside and sellside firms and exchanges. She now resides at the latter two, as a non-executive director at the London Stock Exchange and Aviva.

The U.S. Commodity Futures Trading Commission has announced a 90-day delay for the implementation of margin rules originally set to go into effect May 7 after CME Group requested the extension amid reports that the new margins disrupted the corn and oil markets it owns.

LCH.Clearnet has announced several changes in response to limits on clearinghouse membership criteria by the U.S. Commodity Futures Trading Commission, including splitting its default fund into three—one for SwapClear, one for ForexClear and a third for EquityClear as well as its futures, cash bond services.

Rogers Jones is said to be leaving as Barclays Capital’s global head of commodities to become head of non-oil operations at Mercuria, the Swiss trader.

Bank of America reported said that it would have been required to post USD5.1 billion in collateral under derivatives contracts if major ratings agencies downgraded the bank’s debt two notches, according to a regulatory filing.

Goldman Sachs is said to be preparing to launch an electronic bond-trading platform called GSessions in an effort to compete with similar services being developed by competitors such as BlackRock.

Merrion Stockbrokers has teamed up with Investec to launch the Collateralized Enhanced Kick-Out Plan.

Bank of America Merrill Lynch has promoted Soofian Zuberi to head of global equities distribution.

Deutsche Bank has hire Ed Allen as head of dbClear sales in Europe.

Société Générale Corporate and Investment Banking has named Danielle Sindzingre as global head of its new fixed income and fx business.