Derivs - People and Markets

Bank of America Merrill Lynch has restructured management of its debt team in the Asia-Pacific, including relocation of Ranobir Mukherji, head of Asia dept capital markets origination, from Hong Kong to Singapore, and Ashish Malhotra, head of Asia-Pacific debt syndicate, adding Hong Kong debt origination.

Hugo Bänziger is leaving as chief risk officer at Deutsche Bank on May 31 and will be succeeded by Stuart Lewis, his deputy CRO.

Raymond James has named John Carson as head of the newly formed Raymond James

David Stuff has left as director of structured products at Royal Bank of Scotland’s global banking and markets unit, 18 months after assuming the position.

Société Générale Corporate and Investment Banking has promoted Albert Loo and Pascale Moreau as co-heads of fixed income and fx sales.

BNP Paribas Investment Partners has named Guy Williams as head of global developing-market fixed income.

Special purpose vehicles should be exempt from all bilateral collateralisation requirements, including the posting of variation margin, according to a letter from the International Swaps and Derivatives Association.

The Royal Bank of Scotland has canceled the sale of $207 million bonds backed by its own derivatives trades known as Score.

BNP Paribas has expanded its prime brokerage business with the hiring of Matt Pinnock as head of prime brokerage services for Europe of Asia, James Scully as head of securities lending and synthetic sales trading in Asia ex-Japan and Ashish Patel as head of prime brokerage client services.

BlackRock has formed a new emerging-markets debt team with seven former staffers of BNP Paribas Investment Partners, including Sergio Trigo-Paz, currently cio for emerging-markets fixed income at BNP.

Credit Suisse has named Jamie Welch and Osmar Abib to head energy investment banking for the Americas.

Benjamin Fuchs, the former head of the global opportunities group proprietary desk at Nomura, is planning to launch multi-strategy hedge fund BFAM Partners June 1.