Derivs - People and Markets

Schroders has expanded its fixed-income team with the hiring of four top executives, including James Barrineau head of Latin American fixed income and co-head of emerging-market debt relative return sector.

Lisa Danino-Lewis, ex-head of e-commerce fx sales for Europe, Middle East and Africa at HSBC in London, is joining BNP Paribas in a similar role.

Bank of America-Merrill Lynch in Hong Kong has hired Stephan Wenger, former portfolio manager at macro hedge fund Balyasny Asset Management.

Bank of America is said to preparing to slash 2,000 jobs in its investment-banking, commercial banking and non-U.S. wealth management businesses.

Credit default swap spreads on Hungary’s sovereign debt has narrowed 75 basis points in the past week to its lowest level of 2012 on talks with the International Monetary Fund and the European Union for financial assistance.

The Depository Trust & Clearing Corp. began publishing public information on over-the-counter interest rates trades on May 1.

The Options Clearing Corp. reported that its cleared contract volume fell 5% in April from a year earlier, with options trading volume and equity futures down 7% and 31%, respectively, during that period.

Bank of America is said to have hired Paul Baron as co-head of its equity derivatives sales team for Europe, the Middle East and Africa.

Deutsche Bank has hired Maurice Marchesini as managing director and head of investment banking for Latin America.

William Lee, the former head of JPMorgan Chase’s equity derivatives business for the Asia-Pacific, said he is planning to launch a relative-value Asia-focused hedge fund as early as November.

ICAP has expanded its financial futures and options team with the hiring of Michael Drennan, formerly of MF Global, as head of North America future and options, based in Chicago, and has opened an office in Dubai.

JPMorgan Chase has named Charles McKenzie as head of client portfolio management in Europe, the Middle East and Africa on its fixed income team.