Derivs - People and Markets

RBC Capital Markets has named Christine Schuster as head of non-investment-grade credit sales and trading and Stephen Chapman as a high-yield analyst.

JPMorgan has hired Jason Shrednick as an executive director in the corporate derivatives marketing group in a new role based in New York.

The China National Association of Financial Market Institutional Investors’ is reportedly planning to require counterparties to start using its master agreement for all yuan-denominated derivatives contracts, including offshore CNH deals.

U.S. Bankruptcy Judge James Peck of Manhattan has approved Lehman Brothers Holdings’s request to allow creditors to a vote on its proposed USD65 billion payout plan.

Barclays Wealth has rolled out the Barclays Wealth Defined Returns Annual Kick Out, which aims to pay an 8.25% annual return in the first year of its six-year life.

Federated Investors plans to begin offering its first active exchange traded funds, which will invest in a wide range of instruments, including equities, fixed-income securities and fx, but not derivatives.

HSBC Security Services has hired Karen Leung as deputy head of corporate trust and loan agency for the Asia-Pacific.

The U.S. Securities and Exchange Commission has named Kathy Weiss Hanley as deputy director and deputy chief economist for the SEC’s Division of Risk, Strategy and Financial Innovation.

Newedge Group has named Larry McDonald to the new position of senior director in credit sales.

George Handjinicolaou, the ex-ceo of TBANK and a former International Swaps and Derivatives Association deputy chief executive officer who left in 2009, has returned to the industry association to fill the same role and become head of ISDA Europe in London.

Jerome Cohen, managing director, global head complex FX products at Standard Chartered Bank in Singapore, has moved into a new role based in New York.

Clearstream is teaming up with ASX Group to develop a collateral management service for Australia.