Derivs - People and Markets

Barclays Capital has been ranked first in the global market for retail structured products by Greenwich Associates.

Royal Bank of Scotland has slashed the 2011 bonus pool for investment bankers by 60% to just under GBP400 million (USD626.7 million), which is within the limits set by the U.K. government.

Milwaukee-based U.S. Bancorp Fund Services has teamed up with Exchange Trade Concepts to launch their first exchange traded fund multiple series trust.

Citigroup has appointed Hiro Matsuki as head marketing of its listed and over-the-counter derivatives clearing business in Japan.

Lake Hill Capital Management has launched a pair of volatility products—the Lake Hill Index Strategy and the Lake Hill Long Volatility Strategy.

Cantor Fitzgerald is set to hire Adam Futterman as global head of single stock options sales in New York.

Half of the world’s 10 biggest banks in fx, including Citigroup and the Royal Bank of Scotland, have introduced new trading technology in the face of growing competition.

Strong demand has prompted HSBC Bank to close its ELDA Asia Opportunity structured deposit product Feb. 24, a week earlier than originally scheduled.

Large investment banks are responding to pressure from investors and companies to offer them a hedge in the event of a breakup of the euro.

Barclays Wealth has named Julian Wanting as managing director and head of global fx.

Bank of America is said to be preparing to reduce the size of its equities unit in the middle of March as a cost-saving measure.

Manvir Nijhar is said to have left as co-head of European equity-derivatives sales at Citigroup.