Derivs - People and Markets

ANZ Bank has nabbed Percy Tham from ABN AMRO. Tham will head up ANZ’s non-deliverable forwards trading desk and will be based in Singapore.

Smaller and regional firms in Europe have been taking advantage of the banking sector turmoil to pick up experienced staffers—and some are offering top dollar to close the deal.

Recruiters from Asia’s now-defunct Akamai Financial Markets have landed roles at rival firms—and all will continue to work in the derivatives space.

New rules on naked short selling could push more investors to use credit default swaps to put on their shorts.

Credit correlation traders expect a wave of so-called regulatory unwind trades to hit the European market once spreads calm down, as banks look to comply with new Basel II rules

Kang Tu has joined Nomura Holdings to head its regional local market currency trading team in Hong Kong from Citigroup, where he worked in a similar role.

Fiachra O’Driscoll, co-head of structuring of collateralized debt obligations of asset-backed securities at Credit Suisse, has left the firm.

TD Bank Financial Group has plucked Calyon’s head of foreign exchange exotic derivatives trading Stephane Coquillaud.

Markus Koch, head of the single stock options trading desk at Dresdner Kleinwort in London, left the firm Monday.

Vinod Aachi, co-head of equity structuring and head of private banking sales in Deutsche Bank’s institutional client group in Singapore, is leaving the firm to join Standard Chartered Bank.

Stephane Coquillaud, head of the foreign exchange exotic derivatives trading desk at Calyon in London, left the firm last week.

A ruling earlier this month by the Internal Revenue Service that non-U.S. investors in property derivatives will not be subject to taxes, first reported by DW Online, is set to be a catalyst for further foreign investment in the U.S.