Derivs - People and Markets

The European Commission is grappling with the issue of whether the European Securities and Markets Authority has the power to determine which over-the-counter derivatives must be centrally cleared.

The Deposit Trust & Clearing Corp. has named Robert Druskin as chairman of the board, a position that last December was separated from the ceo role.

UBS has named Joseph Chee as the sole head of global capital markets in Asia, after John Sturmey gave up his co-head role less than a year after returning to the U.K. bank.

The Brazilian federation of banks has started a trade information service that allows sellsiders to look up end user derivative positions before trading with them.

A group of dealers, buysiders and industry associations, including the International Swaps and Derivatives Association, have promised regulators they will publish new equity derivatives definitions in May and set up an equity determinations committee by mid-2012.

State Street Global Services is offering a service to support the operations involved in buy-ins for U.K. pension funds, or the transfer of longevity risk from pension funds to insurance companies.

Alexandre Fleury, the former European head of exotic equity trading at Société Générale, is set to join Morgan Stanley in the same role based in London.

A week after approving the British clearinghouse LCH Clearnet to clear swaps for American mutual funds, the Securities and Exchange Commission has also given no- action relief to the Chicago Mercantile Exchange to do the same.

Deutsche Bank Private Wealth Management has named Durraj Tase as managing director and head of capital markets for the Americas.

Royal Bank of Scotland has appointed Randolf Clinton as co-head of markets and head of equities for Australia within its Asia-Pacific equities business.

BNY Mellon has appointed Jonathan Bowler, Chris Coleman and Laura Scala to senior management positions in its Derivatives360 business.

Jason Garrett, global head of credit flow sales at Société Générale in London, is set to leave the firm this week.