Derivs - People and Markets

David Hansson, head of Asia equity derivatives marketing at JPMorgan in Hong Kong, will relocate to London in September to head up the firm’s retail structured products division for Europe, Middle East and Africa..

The administrators of Lehman Brothers International Europe are asking the High Court in England to decide on whether an International Swaps and Derivatives Association Master Agreement clause, which protects parties from stumping up payments on out-of-the-money contracts with insolvent counterparties, runs counter to bankruptcy law.

The European Parliament’s Economic and Monetary Affairs Committee has urged the European Commission to draw up legislation that would give the proposed European Banking Authority the power to sack management at cross-border financial institutions, including those managers who oversee a firm’s derivatives operations.

The definition of a swap execution facility was tweaked during the conference Thursday evening between the U.S. House of Representatives and U.S. Senate to include earlier drafted language that will likely capture voice-brokered trades.

The planned pilot project to trade credit default swaps in China will still happen this year, according to a well placed official in Beijing.

European insurers may increase longevity risk hedging via swaps under a set of proposed E.U. solvency rules.

Standard Chartered has signed up Simon Brookhouse, a former global head of equities covering cash and derivatives at HSBC, in a similar role.

Macquarie has hired Iain Butler as a Japanese single stock options trader based in Tokyo.

Legislative proposals to regulate the European retail structured product market are set to released in October, according to an official at the European Commission.

Elie Scemama, a senior equity derivatives flow salesman at Citigroup in London, has left the firm.

Credit Suisse has hired Bernadina Suen from Deutsche Bank as a sales executive covering fixed income for Hong Kong.

Citigroup has hired Tim Collins, ex-head of equity synthetics at RBC Capital Markets, as a managing director in prime brokerage sales.