Derivs - People and Markets

The Canadian Imperial Bank of Commerce has hired Michael Rosborough in a new trading role covering macro trading across fixed income and foreign exchange capital markets.

Francesco Papadia, director general of the directorate of general market operations at the European Central Bank, prescribed simpler securitization structures, greater disclosure and secondary market transparency in his keynote address at the Global ABS 2009 Conference in London this morning.

Baring Asset Management is building a short position in the U.S. dollar against the Chinese renminbi in its USD25 million Baring Alpha Currency Fund.

Antonio Polverino, European head of fixed income, currency and commodities sales at Merrill Lynch in London, is set to join Royal Bank of Scotland in a similar role.

Credit Suisse has reportedly asked Kurt Ersoy, managing director and head of derivatives marketing for Asia Pacific, to take a six month sabbatical.

Goldman Sachs has hired Alan Zhang, managing director and head of China institutional sales at Deutsche Bank.

Deutsche Bank has hired Stefano Galiani as a director in investment-grade tranche trading in New York. He joins at the end of July from Morgan Stanley, where he was an executive director until he departed this morning.

U.K.-based Meteor Asset Management brought out its first solely FTSE 100-linked income plan today.

Derivatives practitioners in the U.S. have set a July 17 deadline for increasing transparency around credit default swaps trading. The commitment appears among a host of others in a letter slated for release tomorrow by the Operations Management Group.

Henry Hall, managing director of emerging market sales, structuring and financing at Merrill Lynch in London, has left the firm.

MF Global has established an Asian institutional equity derivatives sales operation with the appointment of Alexis Depaepe, manager, and Nolan Harte, associate, in Hong Kong. They joined last Thursday.

Energy and commodities trading firms with large over-the-counter positions are looking to speak out against U.S. government plans to impose bank-like supervision on non-dealer counterparties that are considered systemically significant.