Derivs - People and Markets

Bank of America Merrill Lynch has hired Paul Baron, former head of synthetic equity sales for the Americas at Deutsche Bank in New York, for a similar role in London.

Lionel Crassier, head of equities for the Americas at BNP Paribas, has been replaced by Chris Innes, former head of equity flow and financing sales for the Americas in New York.

The Wholesale Markets Brokers’ Association has launched derivatives trading on Ronia, the repurchase overnight index average.

Invesco Perpetual has launched three multi-asset funds that invest exclusively in derivatives and other financially-linked instruments.

The Volcker Rule and regulations adopted by the Basel Committee on Banking Supervision will likely have a negative impact on banks’ future income growth because of new limits on their market-making activities, according to Bernstein Research.

Barclays has merged its corporate coverage and deal-making teams into a new corporate finance mergers and acquisitions group, led by Tom King, Paul Parker and Ron Stephenson, according to an internal memo.

BNP Paribas Corporate and Investment Banking has expanded its commodity derivatives business with the appointment of John Bills as managing director or commodity structured origination for the Americas, Chris Zamit as director for commodity derivatives of power trading and Mike Collens as a director and natural gas trader.

Citigroup has hired Dmitri Kassatkine has head of its technology, media and telecom sector derivatives desk in London. Kassatkine most recently was an options trader at Morgan Stanley.

Oak Hill Advisors has named Doug Henderson a partner and head of its European performing credit business.

Credit default swap spreads on Goldman Sachs, Morgan Stanley and Bank of America are showing elevated pricing risk, according to Fitch Solutions.

Deutsche Bank has hired Zahid Biviji as a managing director in U.S. index derivative flow trading in New York, rounding out a recent spate of hirings in the equity derivatives space by the firm.

Credit default swaps on Spanish sovereign debt widened 19 basis points to a 521 bps, breaking Friday’s new record of 498 bps, on growing concern the country may default, according to CMA DataVision.