Derivs - People and Markets

Derivative users and industry groups in Europe have voiced their opposition for the so-called systemic internalizer regime to be adapted and applied to the trading of over-the-counter derivatives.

Mike Wilson, a managing director in institutional structured product sales for the U.K. and Ireland at Société Générale in London, has joined JP Morgan in a similar role.

Amias Berman & Co., a fixed income advisory, origination and brokerage firm, has hired Michael Ridley, a former director in credit research at Citigroup in London, as a senior credit salesman.

Holger Oesterle, a flow credit salesman at UBS in Frankfurt, has left the firm and is headed to BNP Paribas in the same city, reportedly to run flow credit sales in Germany.

Before Andrew Donohue leaves as the country’s top mutual fund regulator in November, the Securities and Exchange Commission will put out for public comment how it wants to better align the regulation of derivatives with the complex ways the mutual fund industry is using them today.

Nomura has hired Chris Cutt to trade USD interest rate swaps in London.

The planned retirement of Financial Accounting Standards Board Chairman Robert Herz has thrown proposed changes to derivatives accounting into question, as the exposure draft only passed the board by a 3-2 vote, with Herz in favor.

Wen Yin, a structurer a Barclays Capital, has left and is tipped for a slot at Goldman Sachs in Singapore.

UBS is looking to pitch structured equity derivatives in Asia ex-Japan, a new push for the firm.

New York Portfolio Clearing has appointed Laura Klimpel as chief compliance officer and counsel.

Structured products sales in Taiwan, through private banking channels, are picking up well from a practical standstill in the second half of 2009, market observers are saying.

Citigroup has named Todd Elmer head of G10 fx strategy for the Asia Pacific region.