Derivs - People and Markets

Aniruddh Gupta, managing director and global head of capital market solutions at Standard Chartered in Hong Kong, has taken sabbatical leave.

Issuers of debt securities programs, such as structured note offerings, are updating base prospectuses before July 1 in an effort to comply with a grandfathering provision.

Proposed regulations from the U.S. Treasury to eliminate avoiding U.S. taxes on dividend payments by engaging in offshore total return swaps cast too a wide a net, according to industry watchers.

London-based securities research firm NSBO and U.S. firm WallachBeth have teamed up to launch an exchange-traded fund platform to provide independent financial advisers and wealth managers with a way of ensuring best execution when recommending ETFs to their clients.

Automaker Daimler said Deutsche Bank has derivatives that would allow it to increase its current 3.55% stake in the German car company to 17.98%.

Man Group has named Ravi Chari as co-head of fx at its AHL managed-futures unit.

UBS has appointed Gerard Cremoux as head of investment banking for Latin America.

Van Eck has introduced the Market Vectors Fallen Angel High Yield Bond ETF, which focuses on debt that began investment grade but later was downgraded to junk.

Threadneedle has announced a major overhaul of its fixed-income capabilities, which will involve four staff departures, including Richard House, head of emerging market debt.

Weeden & Co. has named Michael Purves as chief global strategist and head of equity derivatives research.

Nomura has hired Tim Owens, the ex-global head of commodity solutions at JP Morgan, as global head of fx structuring in London.

A voluntary clearing framework for over-the-counter derivatives will be written into Hong Kong’s main financial law in May, according to lawyers familiar with the legislative process.