Derivs - People and Markets

Jared Hullick, an emerging markets credit default swaps trader at UBS in London, has left the firm. Hullick, who left a few weeks ago, departed less than a year after joining from Deutsche Bank where he worked in a similar role.

Citigroup has named Elinor Hoover as vice chairman for capital markets origination for the Americas, effective Sept. 8.

Kirby Daley has left as head of Asia capital introductions at New Edge Group.

Susan Chan, the former head of equity and fund structured markets at Barclays Capital in Hong Kong, has joined Deutsche Bank as a managing director and head of the equities structuring group for Asia, according to a memo from the firm.

Lehman Brothers Holdings has retained Morgan Stanley to auction USD675 million worth of credit default swaps on municipal bonds.

Guggenheim Partners has hired seven executives for Guggenheim Global Trading, its new proprietary trading unit.

Mark Dickson has left Incapital Europe less than a year after it acquired structured product provider Blue Sky Asset Management, the firm he co-founded with Chris Taylor.

Barclays Capital has named Akihio Asami as managing director and head of corporate finance, investment banking Japan.

The International Swaps and Derivatives Association has determined that Allied Irish Banks’ restructuring of its junior debt constituted a credit event, which triggered the payout of credit default swaps.

The U.S. Securities and Exchange Commission has proposed several measures to ease concerns about the expected missed deadlines for new derivatives regulations due to go into effect next month.

Bank of America is shutting its proprietary bond-trading unit as part of its plan to comply with the Volcker rule, which prohibits banks from engaging in that type of activity. The

John Chang is said to have resigned as head of equities trading at Deutsche Securities Korea after regulators partly suspended its operations as part of the sanctions for alleged stock manipulation.