Derivs - People and Markets

Global dealers operating in Indonesia are fretting over a currency law that could force them to settle non-cash over-the-counter derivative transactions in rupiah, sidelining contracts that stipulate other foreign currencies.

Michel Barnier, the European Union’s commissioner of financial services, is planning to ask that the proposed merger of NYSE Euronext and Deutsche Boerse be debated before a vote is taken.

JPMorgan Chase has appointed Pranav Thakur to succeed Tarun Mahroti as head of fixed for Asia ex Japan and Australia.

Bursa Malaysia is preparing to launch a clearinghouse for its derivatives market in the first quarter, according to Sree Kumar, the exchange’s general manager of business development.

Wells Fargo Securities has hired Geoffrey Keith as a managing director in its institutional investment solutions group with responsibility for developing and marketing equity- and commodity-linked investments for its global institutional clients.

The Williams Group has formed Eland Capital, a new unit that will explore structured finance opportunities for corporate, federal, state and local government clients.

Cowen Group has named Dan Charney as managing director and co-head of equities with Tom O’Mara.

The U.K.’s Financial Services Authority has appointed Will Samuel as investment-banking senior adviser. Samuel most recently was vice chairman of Lazard.

Royal Bank of Scotland has hired AJ Davidson as managing director and head of hybrid capital, covering the Europe, Middle East and Africa as well as Asia-Pacific regions.

UCITS exchange traded funds should use identifiers in their name, fund rules, prospectus and key investor information document when being marketed to investors, according to the latest consultation document from the European Securities and Markets Authority.

ICAP is planning to offer Indian rupee-denominated fx swap and G10 spot forward electronic execution services to the domestic Indian market later this year.

The new ProShares German Sovereign/Sub-Sovereign ETF, which debuted Jan. 26, will invest in derivatives, debt securities and swap agreements among other instruments.