Derivs - People and Markets

London-based interdealer-broker BGC has agreed to a six-month ban on expanding its business or closing acquisitions after the U.K. Financial Services Authority identified problems in risk-management and procedures during a recent supervisory visit.

Credit default swap spreads on Greek sovereign debt widened 22% in the past week as the troubled European country led underperformers in Fitch Solutions’ latest Risk and Performance Monitor.

JPMorgan was the top U.S. equities-research provider, according to Greenwich Associates.

Alliance Trust has hired Ilario Di Bon as head of global equities, effective July 1.

Jefferies has established a full-service equities operation in India.

JPMorgan Securities has agreed to pay USD153.6 million to settle charges by the U.S. Securities and Exchange Commission that it misled investors in a synthetic collateralized debt obligation, just as the housing market was beginning to collapse.

Nomura Holdings has appointed Des Supple as head of fixed-income research for Europe, the Middle East and Africa.

Michael Reiner, a managing director and credit strategist at Société Générale in New York, has left the firm.

BNY Mellon has appointed James McAuliffe as head of global derivatives.

Moody’s Analytics has released the latest version of RiskFrontier, its credit-portfolio management and economical capital calculation software.

RBS Securities has expanded its Latin American debt-capital markets team with the hiring of Antonio Villa as managing director.

Cantor Fitzgerald has hired Jason King as managing director and head of its risk arbitrage and relative value team.