Derivs - People and Markets

U.K.-based Meteor Asset Management has launched what is believed to be the first growth plan linked to a crude oil index.

Credit Suisse has reportedly hired River Chien from RBC Capital Markets to cover fx and interest rate derivatives sales to corporates and institutional investors in Taiwan.

The first over-the-counter option to reference carbon reserve tonnes (CRTs), a type of emissions credit accredited by the voluntary Climate Action Reserve, has been completed in the U.S. and was documented late last month. Evolution Markets brokered the call option linked to CRTs from a domestic landfill gas project.

The International Organization of Securities Commissions has urged issuers to provide investors with greater disclosure on the performance of credit default swaps and securitization markets.

Migdal Group and Clal Group, two large Israeli insurers, have reportedly developed a keen appetite for credit derivatives even as the pool of buyers elsewhere shrinks.

Regulations are being drafted in Indonesia that address sales of structured products by offshore entities into the country. Bankers expect them to be released for public comment within the next two months.

Financial regulators in Taiwan are requiring offshore structured product sellers to demonstrate that the jurisdiction where the product has been registered has equal or better investor protections than Taiwan.

Street firms have decided on replacements for the names that will come out of the CDX North American Investment Grade index when series 13 starts trading as of Sept. 21.

The rationalization of margin requirements emerged as a major concern at joint public meetings on over-the-counter derivatives regulation hosted by the two largest U.S. financial watchdogs this week.

Nomura Holdings America has appointed Paul Jackaman cfo of its U.S. equity division. He recently moved to New York from London, where he was head of equity product control for Europe, Middle East and Asia.

Bryan Morales, a v.p. in corporate fx sales at Barclays Capital, joined Credit Suisse in New York recently.

London-based broker Execution is building out its equity options and white-labelled structured notes business.