Derivs - People and Markets

BNP Paribas India has named Ganeshan Murugaiyan as head of investment banking and global strategic coverage.

Broker-dealer Cortview Capital Securities has appointed Jerry Robinson as head of investment banking.

Heavy demand has prompted HSBC Bank to close its ELDA Emerging Markets Indices II structured deposit before its Aug. 13, as originally planned.

Richard Gladwin has left as global head of fx at Nomura in London.

Macquarie has increased deferment levels on bonuses globally to 70% this year. The deferment level is required for its 11 executive committee members as well as other senior designated executive directors.

Plans by the Taiwan Financial Securities Commission to create a trade repository with daily reporting requirements across all assets of over-the-counter derivatives, as well as information including the names of the traders and brokers who worked on the deal, will be prohibitively expensive for the market and unworkable, market players have warned.

BlackRock Alternative Investors has hired Ingo Heinen, the ex-head of institutional equity derivatives and fund-linked sales to Germany and Austria at The Royal Bank of Scotland, as a managing director within its alternative investment strategy group in London.

Cadwalader, Wickersham and Taft has opened a Hong Kong office focusing on derivatives, structured finance, private equity and the wider capital markets and will be headed by Jeffrey Chen, a partner who departed from Mayer Brown JSM in Hong Kong to take on the role.

The Depository Trust & Clearing Corp. said its Fixed Income Clearing Corp. has no current plans to make changes in its haircuts required for collateral for its government securities division clearing fund and mortgage-backed securities division participants fund at this time following Standard & Poor’s downgrade of U.S. sovereign debt.

The Determinations Committee of the International Swaps and Derivatives Association has come under criticism for not having a sufficiently transparent process for determining credit events.

CME Group has named Michael Kilgallen as managing director do equity products and Sean Tully as managing director of interest-rate products.

Dow Jones Indexes and UBS Investment Bank have jointly launched the Dow-Jones-UBS Rll Select Commodity Index, which the firms said aims “to mitigate the negative effects of contango on index returns.” Click here to read the release from Dow Jones Indexes