Derivs - People and Markets
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NYSE Euronext has hired Finbarr Hutcheson as executive v.p. of Global OTC services.
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Credit Suisse has named Rob Jesudason as head of a new global emerging markets team within its financial institutions group for Asia-Pacific.
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PricewaterhouseCoopers said investors in Lehman Brothers-backed minibonds sold by banks in Hong Kong will receive additional compensation above the 60% of their original investment that banks agreed to.
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BNP Paribas Corporate & Investment Banking has hired Marc Carlos to assume responsibility for several European countries and to supervise client relations in Europe for the firm’s investment banking energy and commodities; financial institutions group; and corporate and transaction banking.
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Edgar Senior is leaving as global co-head of capital services at Credit Suisse at the end of the month after four years.
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Nomura has expanded its Americas equities division with the hiring of Kevin Kilgallen, Jeff Haise and Tom Terzulli as senior traders in U.S. cash equities to lead the technology, industrials and consumer sectors.
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Deutsche Bank has hired Susan Chan as Asia head of equities structuring, while Morgan Stanley is said to have tapped Yves Guo for a similar position in the Asia-Pacific.
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The inspector general of the Federal Deposit Insurance Corp. said the agency is accurately estimating the costs of new derivatives and capital regulations under the Dodd-Frank Act.
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NYSE Euronext has extended its contract with LCH.Clearnet to clear derivatives until June 2013, and cash equities until December 2013.
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Interest rate swap spreads widened 4.6 basis points—the largest increase in November—to 24.75 bps after Moody’s Investors Service said it may downgrade the rating of three French banks that invest in Greece.
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Credit Suisse has named Paul Hawkins as managing director and global head of commodities.
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Guy Cornelius, co-head of fixed-income sales for Europe, the Middle East and Africa at Nomura in London, has left the firm.