Derivs - People and Markets
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Investec has hired Chris Babington and Michael Smith for its corporate debt origination team within its capital markets division.
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U.S. Bankruptcy Judge James Peck of Manhattan has approved Lehman Brothers Holdings’ request to sell its interest in 1271 LLC, a municipal portfolio linked to derivatives issued by Berkshire Hathaway.
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Credit Suisse has appointed Nick Koemtzopoulos as head of equity capital markets for the Middle East and North Africa.
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Citigroup has hired two equity derivative salesmen in New York. Paul Koo joins in the third week of June as head of delta one sales for the Americas and international equity derivatives.
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New York members of Congress have sent letters to the Federal Reserve, the Commodity Futures Trading Commission and other regulators, warning that new derivatives regulations related to the Dodd-Frank Act would put U.S. banks at a “significant competitive disadvantage.”
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Babson Capital Europe has hired Kam Tugnait as managing director who will co-manage the firm’s new UCITS fund that focuses on European high yield.
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Goldman Sachs has named Julian Trott as head of syndicate for debt capital markets in Asia ex-Japan.
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Lehman Brothers Holdings has agreed to pay Australian investors in credit-linked noted a total of AUD98.5 million (USD104 million) to settle a dispute over derivatives.
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TD Waterhouse has retained Saxo Bank and London Capital Group to replace City Index as its derivatives provider.
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BTIG has hired Michael Noonan and Drew Rymer for its New York-based high-yield and distressed fixed income sales group.
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Standard & Poor’s has created a position of head of structured products for its indices in an effort to reach out to the distributor community.