Derivs - People and Markets
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Credit Suisse is sending an onshore equity derivatives trader to Moscow within the next month, further underlining the firm’s expansion of the business into emerging markets. -
Merrill Lynch staffer Alex Trojanow will land at Morgan Stanley next week, joining his former colleague Matt Renirie.
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The Royal Bank of Scotland has created a head of Asia financial institutions sales role based in Hong Kong and Manish Mahajan a Deutsche Bank managing director and head of interest rate sales for Asia who recently departed the firm, will fill it.
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A working group of the International Swap and Derivatives Association is slated for a Sept. 4 call to discuss an advanced draft of standardized documentation for a type of contingent credit-default swap known as derivative termination obligation.
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Senior staffer David Samuel has returned to The Royal Bank of Scotland as its head of equity quantitative trading in London.
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Global Sage, the executive search firm, Kazuhiko Mori to its Tokyo office as director.
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Two Hong Kong warrants sales staffers have left Calyon amid reports the French firm is planning cuts in equity globally (DW Online, 8/20, 8/6).
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Bank of America’s equity derivatives team is out marketing to select buy-side clients a so-called consumption option, which gives the same upside and downside exposure as vanilla options but with reduced exposure to volatility.
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Credit default swaps on Wachovia Corp. widened to 310 basis points yesterday after starting the week at 273 bps, with one senior New York trader attributing the leap partly to the decline in the CMBX Index
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China’s State Council has published revised foreign exchange regulation to allow foreign enterprises and individuals to make onshore derivatives investments in the fx and rates markets for the first time.
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Calyon is set to make big cuts to its equity derivatives platform globally, with as many as half of its roughly 250 people worldwide possibly leaving.
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Anton Martin, Standard Chartered’s head of global investor sales in capital markets has left the firm.
