Derivs - People and Markets

Nomura Holdings has appointed Mark Leahy to the new role of head of debt origination and fixed income syndicate for Asia ex-Japan.

Mitsubishi UFJ Morgan Stanley Securities recorded losses of USD1.75 billion in its first year of operation from a series of hedged bets on derivatives trading related to interest-rate and fx swaps.

Consensus on exempting pension funds from central clearing obligations is starting to form within the Economic and Monetary Affairs Committee of the European Parliament.

Eric Ma, managing director and head of warrants trading for Deutsche Bank in Hong Kong, and Franky Choi, a v.p. in warrants trading in Hong Kong, were the two DB officials arrested last week for allegedly taking bribes to provide favourable pricing on warrants.

The International Swaps and Derivatives Association is working on amendments to section 2(a)(iii) of its master agreements to reduce legal disputes in cases of default.

Democratic congressmen in the House of Representatives have shown support for a measure to exempt end users of derivatives from posting margin under Dodd-Frank, Congressman Michael Grimm (R-NY) told Derivatives Week.

Ingo Heiner, head of institutional equity derivatives and fund distribution for Germany and Austria at the Royal Bank of Scotland in London, has left the firm, a little over a year since joining.

Goldman Sachs has lost Samir Dhrolia, an equity derivatives trader on the firm’s Canadian derivatives trading desk.

Hussein Dbouk, a trader of single-name sovereign credit default swaps and credit indexes at Citigroup in London, has left the firm just over a year since joining.

Bank of America Merrill Lynch has hired Anupam Gupta as a managing director and head of Central and Eastern Europe, Middle East and Africa structuring in London, as the firm continues to build out its emerging market business.

RBC Capital Markets has hired Wahid Chaudhry as a director and senior exotic equity derivatives trader in Hong Kong, according to officials familiar with the move.

The European Securities and Markets Authority has agreed on the final rules for the risk management and calculation of global exposures for structured UCITS funds.