Derivs - People and Markets

James Boyle, a former managing director in equity derivatives trading at Citadel in New York, has joined Citigroup in Hong Kong.

Cantor Fitzgerald has expanded its prime services group with the hiring of John Fiore and Marc Young as managing directors of sales.

Douglas Ormond, a former proprietary trader at JPMorgan Chase, has teamed up with former Normandy Hill Capital partner Michael Schwartz to form Otlet Capital Management, a New York-based hedge fund.

U.S. Treasury Secretary Timothy Geithner said regulators should take their time in crafting the Volcker Rule, which would ban proprietary trading, adding, “There’s absolutely some work to do on this.”

The Japan-focused hedge fund to be launched by Yoshihito Asaka, a former credit trader at Mitsubishi UFJ Morgan Stanley Securities, is planning to invest credit derivatives and currencies.

ABN Amro has agreed to buy back its Dutch investment-banking business from Royal Bank Scotland four-and-one-half years after it sold it.

Bank of America has named investment banker Matthew Koder to succeed Brian Brille as president of its Asia-Pacific operations.

India Infoline has named Nipun Goel as president of investment banking.

Alexis de Rosnay is said to have resigned as co-head of U.K. investment banking at Lazard.

The London Stock Exchange has agreed to acquire a majority stake in LCH.Clearnet.

New York-based law firm Kleinberg, Kaplan, Wolff & Cohen has hired structured-finance attorney Howard Mulligan as of counsel.

Regulators must cooperate on derivatives legislation to avoid extraterritoriality issues, according to delegates at the Eleventh Annual Institute on Securities Regulation in Europe conference yesterday in London.