Derivs - People and Markets

Dean Murray has joined Bank of America as manager of its hedge fund sales team, as it looks to build its flow business in London.

Yannick Mallegol has joined Barclays Capital as managing director and head of equity derivative flow sales in London.

Frederic Cogny, a property derivatives trader at Lehman Brothers, has moved to Standard Chartered to trade property derivatives in Singapore.

Société Générale has hired Kelly Broadhurst, an equity derivatives staffer at UBS, to cover equity flow sales to mutual funds.

Former Morgan Stanley big hitter Benedict Peeters this week joined Fortis Investments as its global head of structured products business in Brussels.

Citigroup’s former global head of fund of funds sales, Marc Fisher, is expected to land at London-based shop FRM this month.

Societe Generale is set to merge its Japanese and Hong-Kong based hedge fund derivative sales teams.

Headhunters report that wages for 2007/08 in Asia, for the majority of the market, stayed broadly in line with those paid last year.

DocGenix, a new venture formed by law firm Allen & Overy, has launched a service that electronically tags key language in over-the-counter derivative contracts.

The dealer group working on a revised loan-only credit default swap contract that removes the cancelibility option has handed it over to the International Swaps and Derivatives Association for a road test.

Nomura is putting the finishing touches to an expansion plan for its equity and fund-linked derivatives platform, to build on what it says is the market share it has grabbed as rivals have pulled back.

The Bank of Thailand has freed up local commercial banks and foreign banks with an on-shore presence to use derivatives more often across the asset spectrum via new regulations which kicked in earlier this month.