Derivs - People and Markets

UBS has hired Tom Regazzi as head of U.S. delta one trading. The delta one platform is a combination derivatives, cash and prime brokerage, and predominately serves hedge funds and institutional clients.

Non-financial corporates could be forced to cut staff if they are not exempted from over-the-counter derivatives and capital requirement regulations in Europe, corporate treasurers are warning lawmakers.

Asian fund of funds manager, Gen2Partners, is widening the investing mandate of its flagship Explorers Fund.

Crédit Agricole Corporate & Investment Banking, formerly known as Calyon, has hired Dan Polidano as an options trader focusing on Commonwealth currencies.

Elizabeth Hart, a senior structured products saleswoman at London-based structured credit boutique ICP Capital, has joined StormHarbour Partners in a similar role.

The fight isn’t over on the U.S. Senate Financial Reform Bill, despite Republicans successfully blocking a vote on bringing the bill, which would bring sweeping restrictions to over-the-counter derivatives, to debate last night. Democrats will force two more votes today and tomorrow.

European politicians are proposing that firms pay the bulk of bonuses in subordinated debt and that the proposed European Banking Authority be given the authority to require firms to disclose bonus payments.

Gary McNamara, the former head of property derivatives at DTZ in London, has joined BGC Partners as a consultant covering property derivatives trading strategies for fund managers.

ING Bank has issued five-year hybrid notes with returns linked to the three-month Euribor and capital protection linked to the Dow Jones Eurostoxx 50 Index.

Pierre Mendelsohn, London-based managing director and head of Europe, the Middle East and Africa securitized products at Bank of America, has left and will join Morgan Stanley in July.

Citigroup is reportedly close to launching a new automatic quoting system for its private banking clients.

A key aspect of regulatory reform for the industry is that change is applied evenly across global markets to avoid regulatory arbitrage, according to players at the International Swaps and Derivatives Association’s annual general meeting this week.