Derivs - People and Markets

The Financial Stability Board believes regulatory or other limits regarding the derivative exposure in synthetic exchange-traded funds would help to contain risks the board associates with the use of the products.

The London Stock Exchange plans to begin trading in futures contracts on the FTSE 100 in June.

Daiwa Capital Markets has named Christopher Lobello as co-head of equity research for Asia-Pacific.

Citigroup has named Tracey Woon as head of investment banking for Southeast Asia.

UBS has appointed Eric Obersteiner as managing director and head of investment banking in Austria.

Germany’s Federal Court of Justice, its highest civil court, has ruled that Deutsche Bank recommended derivatives that it says calls into question the integrity of the advice it offers clients.

The proposed settlement with Hong Kong investors who claim losses from minibonds issued by Lehman Brothers Holdings is likely to win approval of noteholders, lawyers said.

Jefferies has expanded its Asian equity sales and trading business with six new hires. Among the arrivals at the firm’s Hong Kong office are Paul Krake as head of hedge fund sales,

Deutsche Bank has added Florent Jaquard and Vassilis Paschopoulos, a credit salesman and trader from Credit Suisse and UBS, respectively.

Structured product funds offered in Singapore will have until April 1, 2012 to come into compliance with a restrictive new code concerning exposure to and disclosure of over-the-counter derivatives.

Leo Tong, head of G3 (euro, yen and U.S. Dollar) credit sales for derivatives and cash at Standard Chartered Bank in Hong Kong, resigned from the firm last week, according to an official familiar with the move.

A three- to five-year exemption for pension funds from clearing obligations is likely to be included in the next compromise text from the E.U. Council’s working group on European Market Infrastructure Regulation.