Derivs - People and Markets

Colm Ryan, the ex-head of credit sales to hedge funds at Royal Bank of Scotland, has joined Phoenix Partners as head of the interdealer broker’s European high-grade business in London.

Lazard Capital Markets is starting a prime brokerage unit in New York and has hired a staffer to run it. The individual’s name and details on the newly created role could not be learned.

A new lobbying group, The Coalition for Derivatives End-Users, sent a letter to all members of Congress arguing against mandated central clearing or increased collateral requirements for over-the-counter derivatives.

The market for longevity derivatives is already bigger than the cash life settlements market, said Philip Hall, a director in the life finance group at Credit Suisse, at the IQPC Life Settlements & Longevity Summit in New York on Wednesday.

Woodlawn Advisors, the boutique founded by former Jefferies equity derivatives chief Alex Wohl, has hired two senior staffers as it continues to hunt for mid-sized hedge fund clients.

London-based Meteor Asset Management has launched its second offshore structure with capital returns based on the performance of the FTSE 100 and the Standard & Poor’s 500.

MacroMarkets, the real estate derivatives company co-founded by Yale University economist Robert Shiller, is working with banks to develop what it says are the first over-the-counter notes linked to the S&P/Case-Shiller residential property index.

Aldous Birchall, a director in credit default swaps index trading at Royal Bank of Scotland in London, left the firm last week.

The Securities and Futures Commission is very likely to push through plans for intermediaries to disclose their commission on structured product they sell to retail investors.

Deutsche Bank is reportedly rebuilding its longevity desk and has hired a senior trader as part of that effort.

A U.K. government move to stagger City bonuses and claw back remuneration attached to trades that sour after year one may encourage top staffers to move to foreign firms who’ve not signed up to comply yet.

The International Swaps and Derivatives Association is reopening its Small Bang protocol to allow new firms that have been set up since the last round in July a chance to incorporate the new auction settlement terms for restructuring credit events.