Derivs - People and Markets

BATS Europe has named Adam Eades as head of regulatory and legal affairs, effective immediately. Eades most recently was global general counsel at Henderson Group.

BNP Paribas is planning to reduce its corporate and investment banking units by 1,400 jobs, or about 6.5% of its work force, taking aim at the capital markets and structured finance businesses.

London-based Kames Capital has hired Greg Mackay to be in charge of derivatives management. Mackay formerly was head of fixed income and derivatives at Nationwide Building Society.

Nipun Goel and Indraneil Borkakoty are said to be among the top executives leaving Nomura Holdings’ operations in India.

Société Générale has said it will cut several hundred jobs in its corporate and investment banking unit next year to help it meet higher capital requirements.

Vanguard Asset Management has named Joy Yang as head of equities and Nick Pierce as head of fixed income, both new positions.

Legislation aimed at facilitating the establishment of South Korea’s central clearing counterparty has failed to be passed in the country’s parliament.

Sellers of credit default swaps on Dynegy Holdings may be saddled with losses of between USD184-211 million when the auction to settle the CDS is held Nov. 29.

Wayne Kent is retiring as head of equity capital markets at Macquarie at the end of the year after 19 years with the Australian firm.

John Thomas Financial has expanded its fixed-income securities team with the hiring of Jim Kane as managing director.

Commodity Futures Trading Commission Commissioner Scott O’Malia (R) yesterday submitted a letter to the Commission’s Technology Advisory Committee calling for advisement on a specific set of data points which he believes should define high-frequency traders.

A proposed European Union financial transaction tax from the European Commission could increase hedging costs and ultimately mean risks being left unhedged if the rule is imposed in the region, according to the International Swaps and Derivatives Association.