Derivs - People and Markets

Stifel Financial has expanded its financial institutions group with the hiring of Jean-Luc Servat and Eric Corrigan as managing directors.

Lazard Asset Management plans to launch an Undertakings for Collective Investment In Transferable Securities emerging market fund by the third quarter.

Mizuho International has named Stephan Eckhardt as a director in its equity capital markets team, focusing on building its equity-linked origination business.

Borut Miklavic, head of Nomura’s fixed-income proprietary desk, is said to be developing an internal hedge fund with members of his team.

Real-time data vendor Gmarkets has teamed up real-time software developer Kalahari, to produce real-time derivatives and other content through Gmarket’s Pilot Desktop and feed products.

Nomura has expanded its London-based leveraged finance group with the hiring of Guy Douglas and Ryan Dawson.

VTB Capital, the largest investment bank in Russia, has opened a branch in Hong Kong headed by the 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.

David Herzberg, managing partner and head of international equity trading at BTG Pactual in London, who recently joined the firm from JPMorgan, is set to launch an international equity multi-strategy trading operation at the Brazilian investment bank that will use equity derivatives amongst other instruments.

Several creditors holding more than USD100 billion in claims against Lehman Brothers Holdings have signed on to a proposed settlement and have agreed not to pursue alternative plans, according to the investment bank.

Ed Peel has left his position as head of U.K. capital markets at Nomura for a corporate-broking role at Bank of America Merrill Lynch.

The Netherlands Authority for the Financial Markets has extended the license of The Order Machine, known as Tom, to allow it to trade derivatives.

Jefferies has completed the acquisition of Prudential Bache from Prudential Financial.