Derivs - People and Markets

Five-year credit default swaps on Greece pulled in dramatically this morning following the announcement of a lifeline worth EUR45 billion (USD61 billion) yesterday.

Ryan Chan, a director in fixed income structuring and sales at Standard Chartered in Hong Kong, has left the firm.

Macquarie Funds Group is aiming at a unique entry point into the fund-linked derivatives market: financing for single-fund managers.

March ABX.HE remittance reports showed conditional default rates rising for the first time in months, while delinquencies continue to fall.

The Coalition for Derivatives End-Users is planning to blanket the U.S. capitol April 20 to push for an exemption from mandatory clearing for end-users. As first reported by Derivatives Week on Tuesday, the move and its timing is driven by speculation that Chris Dodd’s (D-Conn.) reform bill may head to the Senate floor without the exemption.

Ingo Heinen, the former head of European equity and fund-linked derivatives sales at Nomura Securities in London, has joined Royal Bank of Scotland in a new role heading institutional sales into Germany.

Standard Chartered has tapped Simon Yung from BNP Paribas to head up marketing efforts for its warrants business in Hong Kong.

A new credit derivatives product company, Martello Capital, has received provisional ratings from Moody’s Investors Service and plans to be operational this year.

BNY Mellon has hired Rod Prat, the former co-head of EMEA institutional sales at Deutsche Bank, as its global head of derivatives.

Société Générale is planning to hire an additional 500 people to its markets unit globally over the next 18 months.

UBS has hired Nicholas Smithie as its global emerging markets strategist.

Sam Watkins, head of retail structured product sales for Australia and New Zealand at Credit Suisse, left the bank last week.