Derivs - People and Markets

The Financial Services Authority has censured two former portfolio managers of Dresdner Kleinwort’s K2 structured investment vehicle for insider trading.

Senior members of the European Parliament Economic and Monetary Affairs Committee are supporting calls for corporations to be exempted from over-the-counter derivatives regulation.

Five-year credit default swaps on Nordic financial names gapped out this morning after it was revealed yesterday that Swedbank and SEB could steep losses.

Credit Suisse has structured an offering of notes linked to the iShares MSCI Brazil Index Fund with a leveraged return calculated from the fund’s lowest level over the next two months.

Jens Nordvig, a former co-head of currency research and strategy at Goldman Sachs, is said to be heading to Nomura Securities as head of G10 fx strategy for the Americas.

John Gousias, a senior credit flow trader at Royal Bank of Scotland in New York, has moved over to the firm’s London offices as European head of investment grade flow credit trading.

Goldman Sachs is marketing three-year certificates linked to the Swiss Market Index.

A Japanese credit determinations committee of International Swaps and Derivatives Association has decided that Aiful’s recent request to suspend interest payment on debt it owes did not constitute a bankruptcy or credit event.

Simon Phillips, partner and structured products lawyer for Simmons & Simmons in Hong Kong, left the firm last week.

The Browndorf Life Settlements Fund, which says it’s the only hedge fund that invests solely in longevity swaps, has been adding to its money under management and set its sights on USD1 billion.

Investec Structured Products today launched 14 structured products, including four new products offering investors a choice of counterparty.

U.K.-based Newcastle Building Society has launched its second variable return structure offering returns linked to the performance of the FTSE 100.