Derivs - People and Markets

Latham & Watkins has hired Maysa Ibrahim as counsel in its Dubai-based offices with responsibility for establishing a derivatives team there.

JPMorgan’s head of credit trading for Asia, Henry Yeung, was reportedly let go from the firm Thursday.

Joe Giordano has taken over as head of ABN Amro’s private investor structured products group for North America.

Eurohypo is planning to expand its property derivatives business and to that end has hired Christophe Cuny in its London office.

Malcolm Keyes, an associate director of fx sales at HypoVereinsbank in Hong Kong, has left the bank.

Ex-Deutsche Bank credit maven Rajeev Misra has battled to get his credit derivative hedge fund (DW Online, 9/5) off the ground and has made the decision to scrap the firm’s emerging market plans.

With interest rates around the globe plummeting, some market participants are beginning to wonder what would happen if the recipient of payment under a derivative contract is suddenly in the position of owing money.

Gulf Stream Asset Management is coming out with two new funds to invest in distressed credit. To head up the new funds it has hired former Lehman Brothers collateralized debt obligation managing director Mark Zusy as cfo, and Sukai Liu, former head of alternative credit for BNP Paribas subsidiary Fischer Francis Trees and Watts.

Restructurings at the City’s top banks are claiming the scalps of senior structured sales staffers as the economic downturn hits the retail structured products market.

Chris Arriz, an executive director in equity derivatives at JPMorgan in New York, was laid off this past Monday, in the wake of five other members of the team exiting in the last two weeks.

HypoVereinsbank is marketing the first euro-issued fund to reference its in-house 4Keys Macro Strategy U.S. Index, which tracks U.S. money market indicators.

Royal Bank of Canada is on the lookout for salespeople to sell Asian currency non-deliverable forwards to institutional clients in Asia.