Derivs - People and Markets

JPMorgan Chase has agreed to pay a total of USD228.2 million to settle charges by the U.S. Securities and Exchange Commission that it engaged in fraudulently rigging at least 93 municipal derivatives in 31 states.

Laeken International, a Swiss commodity futures brokerage, announced it is planning to establish a structure finance strategy and analytics team as part of its fixed-income division.

Janney Capital Markets has expanded its credit platform with the hiring of Philip Kazlowski, Jonathan Brook and Anup Goswami.

Royal Bank of Canada has has filed a preliminary prospectus for eight ETFs that will track the Canadian Target Maturity Corporate Bond Indexes with maturities between 2013 and 2020.

Barclays Capital has named Kenichi Onuma as head of equity capital markets for Japan.

Renaissance Capital has appointed Ed Mason as head of the Asia equity product group.

Desmond Li, an executive director in regional multi-asset sales to pension funds and insurance companies at Goldman Sachs in Hong Kong, has left the firm, according to officials familiar with the move.

VTB Capital, the largest investment bank in Russia, has opened a branch in Hong Kong to be headed by Judy Lim, chief executive officer of VTB’s Singapore unit, Bill Mui, former chief operating officer of Cypress Lane Capital in Hong Kong, and Hua Shen, former managing director at Mitsubishi UFJ Securities.

NYSE Euronext shareholders approved the proposed USD9.4 billion bid to take over Deutsche Boerse, according to preliminary results.

HSBC said it responded to investors’ concerns of synthetic exchange-trade funds and has launched the first European ETF that physically tracks the Russian stock market.

Morgan Stanley has introduced four new structured products linked to performance of the FTSE 100.

Nigel Khakoo is said to be leaving his position as global head of G-10 currency options trading at Citigroup in London.