Derivs - People and Markets

Nick Brown, an equity exchange-traded fund options trader who previously was at Citigroup for seven years, has joined BNP Paribas in New York.

Bank of America is said to have named Hans Lin and Roberto Correa Barbuti as co-heads of investment banking in Brazil.

Law firm DLA Piper is establishing a London-based U.S. capital markets team, headed by George Barboutis will act as a London-based U.S. securities partner within the group.

JPMorgan Chase has added to its capital markets operations in Latin America with the hiring of Carlos Aspillaga.

Paul Marchington, co-head of delta one at Nomura, and Thorsten Fröehlich, head of equities for Germany and Austria, have left the firm.

The Australian government is planning to introduce rules to forbid the use of client money as collateral backing over-the-counter derivatives, bringing the nation in line with U.K. and U.S. standards.

Chase van der Rhoer, executive director of investment-grade credit trading at UBS in London, has left the firm.

ANZ has appointed Michael Luk as global head of debt origination and head of capital markets for Asia.

LCH.Clearnet has launched interoperable clearing across 17 countries for Turquoise, the independent pan-European equity trading platform.

Nomura Securities has hired Daniel Kelly as executive director of its New York-based U.S. prime brokerage sales team.

T Rowe Price has debuted its European high-yield strategy, which is benchmarked against the Bank of America Merrill Lynch European Currency High Yield Constrained Index.

UBS has announced plans to reduce investment banking operations as it works to reduce its risky assets by 50%.