Derivs - People and Markets
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Soujit Ghosh, a v.p. of exotic equity derivatives trading at JPMorgan in Hong Kong, is leaving the firm.
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Deutsche Bank has filed a lawsuit against Lehman Brothers Holdings Inc. to recover USD72.5 million it mistakenly transferred to the now bankrupt firm.
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Two former senior executives in JPMorgan’s global structured credit group, Jim Kane and Brian Zeitlin, have started up GreensLedge Group, a New York structured credit advisory shop.
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Market participants are working on the creation of Shariah-compliant credit default swaps. -
Dynamic Credit Partners is investing some internal capital and encouraging advisory clients to invest in AAA-rated residential and commercial mortgage-backed securities and senior tranches of collateralized loan obligations, Jim Finkel, Dynamic ceo and co-founder, said.
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New York State Insurance Department Superintendent Eric Dinallo said today his department has chosen to delay indefinitely its plans to start regulating covered credit default swaps—the part of the market it considers insurance.
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Barclays Capital recently added a new director to its fund-linked derivatives team in New York.
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HSBC has reportedly cut a number of staffers from its equity derivatives front office in Hong Kong.
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Standard Chartered is looking to expand its fx options business into Latin America and Eastern Europe.
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Société Générale is touting short straddles on construction names to take advantage of high premiums amid continued volatility.
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Promontory Asset Finance is developing a credit metric that focuses on the extremes of systemic risk for structured products to complement existing conventional ratings.
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Morgan Stanley has cut around a quarter of its London-based European equity derivative flow sales team, including Executive Directors Matt Riley and Roger Hirst.
