Derivs - People and Markets

More than USD285 million in commodity derivatives losses largely contributed to a 94% drop in Noble Energy’s net income in the first quarter to USD14 million, compared with a year earlier.

LCH Clearnet has implemented Murex’s capital markets platform, MX3, for its SwapClear interest-rate swap clearing service.

The U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission appeared to still be divided on their definitions of key derivatives terms and related matters despite issuing a joint proposal without specific language on Wednesday.

Citigroup has hired Philipp Schoenhuber as a v.p. in equity derivatives strategy.

Deutsche Bank has hired Pat Kearns and Matt Steckler as directors in its U.S. investor solutions group.

Jefferies has expanded its fixed income and equities businesses with the hiring of Daniel Brierley and Allan Heye.

Pimco has launched the Pimco GIS Emerging Multi-Asset Fund and the Pimco GIS Eqs Emerging Markets Fund.

State Street has added to its eExchange derivatives program with the hiring of Charles Cooper as senior managing director.

Citigroup has named Adrian Faure to the new position of head of emerging markets equities.

Royal Bank of Scotland has named Devesh Kumar to the new position of head of equities for India.

Credit default swaps spreads on Greek, Portuguese and Irish sovereign debt widened by 21 basis points, 7 bps and 11 bps, respectively, to new records.

The U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission have jointly unveiled proposed definitions of key derivatives terms in the Dodd-Frank Act.