Derivs - People and Markets

Keydata Investment Services, the U.K.-based structured products provider, will launch an Extra Income Plan starting on June 22 linked to the performance of the FTSE 100.

Loïc Fery, the former head of structured credit at Calyon, has begun trading his planned credit strategy at London startup Chenavari Capital Partners, but has postponed the launch of its pooled fund.

Liontrust Asset Management has recruited a five-strong credit investment team from London-based Ilex Asset Management.

Matt Andresen, a long-time electronic trading industry veteran, has left his post of co-ceo of Citadel Derivatives Group.

European industry groups and senior bank representatives last night discussed the creation of a secondary market price reporting system for credit default swaps, corporate bonds and structured credit assets.

Brian Statfeld, managing director and global head of asset securitization, hospitality and life settlements at WestLB, has left the firm.

Offshore providers to Taiwan’s retail structured products market are still pushing their wares to domestic banks, despite the possibility new regulation may impact their activities in the very near future.

Derivatives professionals are largely welcoming Timothy Geithner’s plans to establish a systemic risk regulator and rein in exotic trades, if only so the rules are fixed and participants can stoke liquidity again.

The International Swaps and Derivatives Association is set to announce next week those firms that can take their place on the coveted Determinations Committee for deciding CDS trigger events.

Canada’s CIBC is shuttering its structured products business in the U.S. and moving it to Toronto for efficiency reasons.

Och-Ziff Management Europe has hired a former Citigroup securitization structurer and a commercial residential mortgage-backed securities trader previously with Deutsche Bank for its London office to start buying distressed securitized bonds.

Morgan Stanley’s former head of strategic finance in Asia, Francis Tay, joined JPMorgan in Hong Kong yesterday as head of client solutions and illiquid risk trading.