Derivs - People and Markets

Tim Russell is resigning as head of pan-European equities at Cazenove Capital in July.

Natixis has hired Gregory Fage as head of fx, interest rate derivatives and treasury sales in North America.

Scottish Widows Investment Partners has hired Julia Campbell as senior high-yield analyst.

BNY Mellon is developing support for swap execution facilities and the ability to report to trade repositories in anticipation of the finalization of derivatives regulations.

The South Korea National Assembly has approved a tax on non-deposit foreign currency liabilities, that could capture foreign currency collateral held against derivatives transactions, beginning Aug. 1.

Banks have expressed concern that proposals to extend the reach of the Dodd-Frank Act to non-U.S. units will cost them much of the European derivatives market.

Barclays Capital and HSBC topped Greenwich Associates’ list of retail structured product issuers. Greenwich stated that the two firms have secured relationships with 45% of distributors across Asia, Europe and the U.S.

The U.S. Commodity Futures Trading Commission’s proposed derivatives regulation will like raise costs for end users, said Scott O’Malia, a CFTC commissioner.

ICE Trust is said to be revising its criteria for clearing membership in compliance with the Dodd-Frank Act.

Macquarie has named Ken Savio to lead Macquarie Securities in the U.S.

Cantor Fitzgerald has expanded its fixed-income high-yield and leveraged finance market with the hiring of Matthew Zolin, Lori Samuels and Erin Andrews, all from Chapdelaine Credit Partners.

Newedge Group has named John Fay as global head of its fixed income, currencies and commodities business line in New York.