Derivs - People and Markets

PIMCO plans to launch its Global Advantage Inflation-Linked Bonds May 1.

Michael Rubinoff is said to have resigned as chairman of global corporate and investment banking at Bank of America.

Hidetoshi Ohashi, head of fixed-income strategy at Morgan Stanley in Tokyo, will be leaving the bank at the end of June, and sources said Ohashi is planning to start a hedge fund in Singapore that will focus on Japanese corporate bonds and credit default swaps.

Alex Wilmot-Sitwell has left as chairman of investment banking at UBS to become president of Europe and emerging markets except Asia at Bank of America Merrill Lynch.

The Royal Bank of Scotland has hired Brian Daly as head of futures and options sales for Europe the Middle East and Africa.

Street and City equity staffers are losing their jobs in increasing numbers, few are being rehired, and others are bolting for what they believe to be greener pastures at interdealer brokers and buyside firms.

Alan Alsheimer, the former executive director of macro credit trading at Goldman Sachs, has joined New York hedge fund Argonaut Capital Management.

Sterne Agee, a privately owned investment bank based in Birmingham, Ala., has hired Daniel Breen to be based in New York as a part of its equity capital markets group.

Over-the-counter derivatives account for the bulk of clearing and settlement revenues in Europe and the U.S., while exchange-based products such as cash equity and exchange-traded derivatives form the bulk of Asia revenue, according to Celent.

Exchange-traded funds and notes are finding it more difficult to attract investors, according to Celent.

LCH.Clearnet has been in talks to acquire International Derivatives Clearing Group from Nasdaq OMX as part of its expansion into the U.S.

An Australian court has banned Neil King, a derivatives trading director at Camelot Derivatives, for six years for using his investment seminars for misleading potential clients about high returns earned by his customers.