Derivs - People and Markets

George Miller, executive director at the American Securitization Forum, is leaving the organization Dec. 16.

The European Commission is not planning to limit the stakes dealers can hold in clearing houses.

Citigroup staffers will receive a shot of makeup pay early next month as part of the bank’s plan to award higher salaries to employees used to getting sizeable bonuses but unlikely to get them this year.

One of the Lehman Brothers estate’s myriad derivatives counterparties got a reprieve in court last week.

UniCredit Group is planning to add to its New York currency options trading desk.

Nomura International took a GBP10.8 million (USD16 million) trading loss in equity derivatives desk in the incident that sparked a U.K. Financial Services Authority sanction this morning.

London boutique StormHarbour Partners has hired Nicolas Andine, founder of hedge fund Talaris Capital Partners, as a senior partner in credit, equity, and mergers and acquisitions.

Standard Chartered is preparing to sell five-year notes linked to a proprietary index.

New York assemblyman Joseph Morelle (D-Rochester), Virginia delegate Bob Marshall (R-13th) and North Dakota’s George Keiser (R-47th), are planning to introduce legislation that would effectively ban naked credit default swaps in their respective states.

A reconciled version of the two over-the-counter derivatives bills proposed by U.S. Congressmen Collin Peterson (D-Minn.) and Barney Frank (D-Mass.) will be released next week as part of a broad financial reform package, a spokesman for Frank said today.

Ward Bortz, a credit derivatives strategist from Bank of America in New York, has joined RBC Capital Markets as a high-yield trader, specializing in technology, media and telecommunications.

Gilliat Financial Solutions, the structured products arm of Arbuthnot Banking Group, has launched a five-year kick-out plan with returns linked to the performance of the FTSE100.