Derivs - People and Markets

Sebastien Moritz, a former senior flow credit salesman at London boutique StormHarbour Partners, has joined Société Générale.

David Arnold, Asia head of fixed income institutional sales for BNP Paribas, left the firm last week.

Alex Loosely, head of structured credit sales to Scandinavia at Goldman Sachs in London, left the firm two weeks ago.

HSBC and others were buying billions in sterling puts against the U.S. dollar last week.

Amias Berman & Co., the fixed income advisory, origination and brokerage, is close to scoring a license from the U.S. Securities and Exchange Commission that will allow it to do business with U.S clients using an onshore broker’s license.

Standard & Poor’s is considering downgrading a series of synthetic collateralized debt obligations on which Lehman Brothers Special Financing Inc. served as swap counterparty.

Crédit Agricole Corporate and Investment Bank, formerly Calyon, has promoted Fréderic Meron to head global equity and fund-linked derivatives and Ahmed Kachenoura to run global sales for the group as well as all flow and delta-one sales and trading.

Kenneth Hon, head of Asia equity derivatives trading for Citigroup in Hong Kong, left the firm last week.

The U.K. Financial Services Authority is placing greater scrutiny on structured finance products as the market begins to stir back to life, and will veto any structures it considers too risky.

Dirk Pruis, former president of ICE Trust U.S., the over-the-counter derivatives clearing platform owned by IntercontinentalExchange, is heading back to Goldman Sachs for what will be his third stint at the firm.

Gary Gensler, chairman of the Commodity Futures Trading Commission, today warned against allowing end-users of over-the-counter derivatives to be exempt from new regulations.

In an industry letter to the Federal Reserve Bank of New York, a group of 14 international dealers and their largest customers committed to new standards for transparency, standardization and collateral management, and to further expand the use of central clearing in credit and interest rate derivatives.