Derivs - People and Markets

The U.S. government’s move to increase its stake in Citigroup has some players pondering the impact a full nationalization might have.

Silvan Herriger, European head of index trading at BNP Paribas in London, resigned from the bank Monday.

Markit’s CDX North America High Yield and LCDX, both tradeable credit indices, look set to be re-tranched as dealers aim to boost flow and create new relative value trading opportunities.

A large commercial real estate owner is looking to hedge its portfolio by selling a total return swap against the National Council of Real Estate Investment Fiduciaries index, or NCREIF.

Royal Bank of Scotland has finished marketing a structured note to Chinese high-net-worth investors that makes a bullish directional play on equities linked to the bank’s water index

Marcus Bolton has been appointed ceo for the Americas at inter-dealer broker Tullett Prebon, effective March 9. He will be based in New York, reporting to Steph Duckworth, global coo.

The cost of credit default swap protection on U.K. insurer Aviva blew out today as insurance names traded wider off the back of the restructured bailout plan for American International Group.

William Brett, a managing director in corporate equity derivatives at Bank of America in New York, has left the firm.

PRUPIM Real Estate Investment Management has appointed Will Robson as its first director of property derivatives in London.

Frederic Boillereau, previously global head of fx and metals derivatives at HSBC in London, has been appointed global head of fx and metals following the departure earlier today of Andrew Brown, global head of fx.

Five-year credit default swaps on GE Capital Corp., the finance arm of General Electric, started trading upfront at 9 a.m. yesterday morning New York time, according to CMA DataVision.

Dimitrios Kavvathas, co-head of credit flow sales for Europe at Goldman Sachs in London, is heading to Hong Kong to be co-head of equity derivatives and credit distribution across Asia.