Derivs - People and Markets

Royal London Asset Management has hired Darren Bustin, the ex-head of derivative solutions at life insurance and pension company AEGON, as head of derivatives based in London.

Deutsche Bank has hired four interest rate and credit salesmen in Frankfurt from JPMorgan and BNP Paribas.

Equity structured products denominated in Hong Kong-domiciled Chinese yuan are likely to see growth and increased interest this year, Ed Steel, global head of equity structured product trading at Standard Chartered in Hong Kong, told Derivatives Week in a wide-ranging interview.

Brazil’s major derivative dealers plan to lobby the government to change registration requirements to eliminate repetitive charges for the registration of derivatives trades.

Henderson Global Investors is said to be in early stages of considering an emerging-market fx fund.

Cantor Fitzgerald has appointed Mark Goldman as head of European fixed income sales.

Citigroup has tapped Jeff Emmanuel to head its financial institutions group for Asia-Pacific.

The Scottish Widows Investment Partnership has hired William Low as head of global equities.

Kay Haigh has left as head of global macro trading at Deutsche Bank to form Avantium Investment Management, a hedge fund.

Credit Suisse has launched two emerging-markets fixed income indices, the Credit Suisse Emerging Markets Credit Opportunity (EMCROP) index and the Credit Suisse Emerging Market Local Currency Sovereign Bond Index.

The Financial Industry Regulatory Authority has begun testing whether broker/dealers have followed guidance it laid out last year for appropriately advertising reverse convertible notes.

Dealers and securities firms in China are looking at ways to give offshore investors synthetic exposure to A-shares outside of the Qualified Foreign Institutional Investor scheme, which puts quotas on each QFII and limits offshore synthetic exposure to delta one and long only.