Derivs - People and Markets

Barclays is said to be considering slashing compensation for its 24,000-strong Barclays Capital by between 25% and 30%.

Opponents of the Volcker Rule appear divided on their recommendations for fixing what they see as flaws in the measure.

Barings Asset Management has expanded its Latin America equities team with the hiring of Enakshi Roy as investment manager.

John Wang, a managing director and equity derivatives index trader at Goldman Sachs in New York, has left the firm.

A dozen banks, including UBS and Credit Suisse, are being investigated by COMCO, the Swiss competition commission, over alleged collusion by derivatives traders to influence the London interbank offered rate, and TIBOR, the Japanese equivalent. .

Deutsche Bank and Citigroup continue to dominate international fixed-income, each with an 11.5% market share, according to Greenwich Associates.

Goldman Sachs has appointed Matthew Westerman and Dan Dees to co-head investment banking in Asia ex-Japan.

Jefferies is looking to expand its market share in U.K. equities with the acquisition of corporate broker Hoare Govett from Royal Bank of Scotland, according Dominic Lester, joint head of European Investment banking at the firm.

Van Eck has filed to offer six corporate bond exchange-traded funds covering fixed income in both developed and developing countries and a wide range of credit quality.

Hector Cortes, an ex-managing director in structured product sales at Nomura in New York, has moved to PrinceRidge Group in New York to head fixed income structured products institutional sales for Latin America.

Harry Krkalo, an executive director in equity derivative and structured product sales at Morgan Stanley in Singapore, has left the firm and joined ANZ.

Paolo Zannoni, chairman of Goldman Sachs’ investment-banking business in Italy, has been named head of its Russian operations, replacing Chris Barter and Jean Raby, who co-managed the business.