Derivs - People and Markets

The Royal Bank of Canada has hired Amy Wu in New York to its global equity linked products division to focus on equity derivatives and cross-asset strategies.

Citigroup has hired Martin Stackler, a financial engineer in structuring and pricing at Société Générale, to head up exotic equity derivative structuring in Hong Kong.

Executives at MF Global have complained that JPMorgan Chase was slow in settling trades for the broker-dealer and that may have led to some USD600 million in missing money and ultimately may have complicated efforts to sell the broker-dealer.

JPMorgan ranks first among banks in debt capital markets with a market penetration score of 75%, according to Greenwich Associates.

Wells Fargo has agreed to settle a class action brought by municipalities over alleged bid rigging by the bank’s Wachovia municipal derivatives group.

Los Angeles-based Imperial Capital has added another 10 equity sales and trading professionals.

Derivatives trading, clearing and listings helped boost third-quarter profits at TMX Group by 21%.

The Royal Bank of Scotland has hired Gary Hawkins, the ex-global head of emerging market trading at Société Générale, as head of Central Europe, Middle East and Africa sales and trading in London.

U.S. industry regulators are confident they can harmonize international regulations.

Full segregation of client collateral within cleared swap accounts at major U.S. derivatives dealers was stressed by Gary Gensler, chairman of the Commodity Futures Trading Commission, at the Securities Industry and Financial Markets Association’s 2011 Annual Meeting in New York on Monday.

The U.S. Securities and Exchange Commission is said to be pressing mutual funds to disclose more details about their derivatives than the simple listing of the instruments that are generally used.

Firms that have taken over accounts from MF Global are asking clients of the collapsed broker-dealer to post additional collateral to maintain their trading positions.