Derivs - People and Markets

Fx staffers from Lehman Brothers have landed at Deutsche Bank and Barclays Capital in London.

Some top-tier Chinese banks, including Bank of China and Industrial and Commercial Bank of China, are not immediately stumping up collateral due on out-of-the-money trades, most notably fx trades linked to the dollar/yen.

DBRS has hired Jerry van Koolbergen and Glen Leppert for its structured credit group in New York.

Barry Tan resigned this week from Royal Bank of Scotland exiting his Southeast Asia structured credit sales role for a similar slot at Standard Chartered.

Barclays Capital has replaced some equity derivatives staffers with Lehman Brothers traders.

Joseph Chang and David Scott have left their slots as Asia-Pacific co-heads of equities at HSBC.

Standard Chartered has appointed Richard Leighton to head up global fx and fx options business.

Former Lehman Brothers global collateralized debt obligation head Peter Hornick has joined Deutsche Bank as head of North American credit sales, which includes distressed debt, high-grade, high-yield and structured products.

The retail sellsiders in Asia are hoping the new U.S. president will provide a calming influence on the global markets and kick-start a revival in structured product demand.

U.K. authorities are expected to release plans this week aimed at resolving industry concerns that new banking legislation will stop institutions from signing netting agreements.

PIMCO is readying mutual funds that will invest solely in derivatives.

Daiwa Securities has hired a swathe of staffers, picking up senior names from collapsed banks Bear Stearns and Lehman Brothers.