Derivs - People and Markets

Morgan Stanley has reissued its FTSE Booster Plan 3 and FTSE Protected Growth Plan 46, the latter its most successful structured product.

The National Credit Union Administration has opened a 60-day comment period for additional input on a policy for allowing credit unions to trade in certain kinds of derivatives to protect against interest-rate risk.

Brady Dougan, ceo of Credit Suisse, is said to be not in line to receive bonds made from derivatives as a bonus, as other bankers are poised to be awarded, to avoid a conflict of interest.

The U.S. Securities and Exchange Commission has hired attorney Barry Pershkow as senior special counsel in its Investment Management Division.

EFG Financial Products has expanded its structured products team with the appointment of two senior salesmen from Société Générale.

Baird has hired Paul Bail as managing director as part of its effort to expand its investment-banking staff in London and Frankfurt.

CME Clearing Europe has cleared more than 5,6212 contracts since the beginning of 2012, more than half of the 9.447 it processed in its first eight months of operation, which began last May 6.

The determinations committee of the International Swaps and Derivatives Association has set Feb. 2 for a credit settlement auction on the debt of Northern Rock Asset Management.

Plus Markets has hired Gavin Bridge as head of business development at PLUS Derivatives Exchange.

Cantor Fitzgerald has expanded its credit fixed-income team with the appointment of seven managing directors in its high-yield, investment grade and research groups.

StormHarbour has hired Eric Daniels, the ex-group chief executive of Lloyds Banking Group in London, as a principal and senior adviser.

Bank of Montreal has named Michael Cippoletti as head of U.S. equity capital markets.