Derivs - People and Markets

Adam Cowperthwaite, managing director and head of structured retail products at Credit Suisse in Hong Kong, exited the firm Monday.

NewOak Capital has hired a new managing director in New York to work on credit de-risking mandates using derivatives.

The credit event auction for Station Casinos, Inc. landed a result earlier this afternoon of 32%, meaning protection sellers will pay out 68% on credit default swaps referencing the name.

Tim Collins has joined Société Générale in New York as a managing director selling equity swaps to U.S. institutional and hedge fund clients.

Credit Derivatives Research today went live with an index tracking sovereign credit default swap levels on seven nations—the U.S., U.K., Japan, Germany, France, Italy and Spain.

Michele Gissi, co-head of global equity derivatives trading at Deutsche Bank in New York, will be taking a year-long sabbatical with immediate effect.

Sarakorn Gerjarusak, former managing director of fx and rates structuring at Goldman Sachs, is set to join UBS in Hong Kong on April 1.

Reval, a vendor specializing in pre- and post-trade processing, risk management and fair value accounting, has opened an office in Hong Kong and appointed a new sales director for Asia Pacific, Will Marsden.

Retail investors who bought principal protected notes linked to a Canadian Income Fund and sold by Bank of Montreal are wondering why the monthly income on their notes has tailed off.

Tiden Capital, a hedge fund focusing on relative value in corporate structured credit, is staying short mezzanine tranches of the CDX North America High Yield index, primarily in the 15-25% and 25-35% tranches.

Ashraf Rizvi, former head of commodities trading at UBS in Stanford, has founded Summerhaven Investment Management.

Omgeo has inked a first-of-a-kind agreement with the Depository Trust and Clearing Corp. allowing its clients to compare on a daily basis their trading positions with those recorded in the Deriv/SERV Trade Information Warehouse, as well as trades recorded for their counterparties.