Derivs - People and Markets

A host of Lehman Brothers’ derivatives counterparties, including Société Générale and Canadian Imperial Bank of Commerce, filed objections this week to the bankrupt firm’s attempts to expedite claims against the estate.

Bank Indonesia is expected to issue long-awaited regulations targeting offshore structured products providers shortly.

Interdealer brokers ICAP and GFI Group have shuttered their catastrophe swaps desks.

Niaz Haider, formerly a senior v.p. and head of structured fund products for the Americas at HSBC, has joined Citigroup as a director in hybrid derivatives trading and head of exotic hybrid derivatives.

High-net-worth investors who invested in one-year callable yield notes referencing multiple indices have pocketed millions in the last few weeks.

Thailand’s Securities and Exchange Commission is planning to introduce by the end of this quarter stricter standards for foreign derivatives dealers wishing to trade in Thailand, according to lawyers.

Royal Bank of Scotland has hired Richard Harman to head up retail structuring for Asia-Pacific from Hong Kong, a new role.

RBC Capital Markets has hired Jonathan Byrne as a director in fund-linked derivatives sales in New York. He joined just before Christmas and reports to Philip Wisener, global head of the fund-linked group.

U.K. representatives on the European Parliament’s Economic and Monetary Affairs Committee are set to cross-examine Michel Barnier, the presumed successor to European Commissioner for Internal Markets and Services Charlie McCreevy, on the impact derivatives regulation will have on the City of London.

Michael Hodges, cio for Europe at Aladdin Capital Management in London, has joined equity derivatives brokerage Amstel Securities in a new role.

Romanos Daniel, a former executive director of rates and hybrids derivatives trading at Goldman Sachs in Hong Kong, is set to join Bank of America Merrill Lynch heading up fx and rates exotics trading.

A Financial Industry Regulatory Authority arbitrator on Dec. 29 ordered UBS to compensate an investor who bought Lehman Brothers-backed structured products from the bank, the third such decision to go against UBS.