Derivs - People and Markets
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Broker-dealer ICAP would leave London and move to New York, if the U.K. agreed to adopt a financial transaction tax proposed by the European Union, said Michael Spencer, group ceo of the firm.
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London-based LaSalle Investment Management has hired John Zehner as its first global head of capital markets, effective March.
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Nahil Bayrasli, a New York credit derivatives trader at Société Générale, has left the firm.
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Credit default swap spreads on U.S. corporate debt narrowed for the fifth consecutive day on optimism that Europe may have a long-term plan to deal with the debt crisis.
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MarkitSERV has begun transmitting confirmed trade records to the Depository Trust and Clearing Corp.’s new Global Trade Repository for over-the-counter interest rate derivatives.
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The Australian government’s Corporate and Markets Advisory Committee has rejected calls for an overhaul to the country’s derivatives legislation, following a year-long review of the measure.
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The European Union is expected to follow the recommendation of its Joaquin Almunia, its antitrust commissioner, and block the proposed merger of NYSE Euronext and Deutsche Boerse.
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Invesco Perpetual plans to launch its Global Financial Capital Fund Jan. 25.
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London-based Liberium Capital has named Mark Godridge as ceo of its U.S. operations in New York. Godridge most recently was head of European and emerging-market sales at JPMorgan Cazenove.
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John Thomas Financial has hired Avi Merman as head of investment banking. Merman previously was head of investment banking at BMA Securities.
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Law firm Sutherland Asbill & Brennan has hired David McIndoe and R. Michael Sweeny as energy/derivatives partners.
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Nick Tranter, most recently a partner and head of derivatives at Execution Noble in London, is to join HSBC as a managing director covering equities and asset managers in the firm’s financial institutions group in London. Tranter is set to join in a new role in the next few weeks.
