Derivs - People and Markets

India’s Birla SunLife Asset Management has debuted its fifth series of capital-protection oriented funds.

Citigroup has hired Yann Riou, a Royal Bank of Scotland trader, to trade credit default swaps on financial corporates in London.

The Korea Exchange will most likely house the coming Korean over-the-counter derivative central clearinghouse rather than the Korea Securities Depository, according to an official familiar with the decision.

John Wilson has left as managing director and global head of over-the-counter derivatives clearing at Royal Bank of Scotland as the bank reorganizes its futures business, as reported by Derivatives Week last week.

Bank of America Merrill Lynch has named Matthew Koder as head of global corporate and investment banking for Asia Pacific.

LaSalle Investment Management has teamed up with BGC Partners to form a property derivatives business.

Gar Wood Securities has formed the CBOE brokerage services unit as part of its expansion of the firm’s derivatives execution services.

Barclays Capital has hired Andrew Song, the former head of equity derivative index options trading at Goldman Sachs in London, as an equity derivatives trader, also based in London.

Rita Kong, a director in convertible bond sales at Deutsche Bank in Hong Kong, has left the firm.

Eugene Mak, an executive director in equity derivative sales to institutional clients at Morgan Stanley in Hong Kong, has left the firm.

Citigroup has named Yuichi Jimbo as head of investment banking in Japan and deputy president of Citigroup Global Markets Japan.

A new version of the Pimco Total Return Fund will not include derivatives.