Derivs - People and Markets

A recent announcement from the China Securities Regulatory Commission makes it possible for onshore securities companies in China to create subsidiaries that may trade derivatives–a move lawyers say could change the landscape of the market as it breaks the monopoly held by banks.

Siddhartha Hari, a director equity derivatives structuring at Deutsche Bank in Singapore, has left the firm, according to officials familiar with the move.

Bank of America Merrill Lynch has hired Nigel Felgate as head of emissions trading and energy structured products for Europe, the Middle East, and Africa, according to an internal memo seen by Derivatives Week.

Fitch Solutions reported that its credit default swaps liquidity score signals “high levels of uncertainty on the prospects of consumer-services companies,” especially in Europe and North America.

The Warsaw Stock Exchange is introducing “a new strategy for the derivatives market,” according to Ludwig Sobolewski, president of the bourse.

Deutsche Bank has hired Brian Fagen as managing director and head of North American execution services sales.

Fitch Ratings has launched a global structured finance performance statistics page on its Web site.

AllianceBernstein has rolled out its European Flexibility Equity Portfolio, which invest mainly in Europe but also may place up to 20% in equity markets elsewhere.

BNY Mellon has appointed Arthur Certosimo to succeed Richard Mahoney, who is retiring at the end of June, as ceo of global markets.

Citigroup has hired Doug Bair as vice chairman of equity capital markets for the Americas.

Jonathan Armitage is leaving as head of U.S. large-cap equities at Schroders.

Rajvinder Singh Minhas, a former v.p. in hedge fund sales at Nomura in London, has joined London-based interdealer broker Mariana Capital Markets as a partner, also in London.