Derivs - People and Markets

Senior equity derivatives sales staffer Henry McWatters is joining ABN AMRO’s London office from SG Corporate and Investment Bank.

Several former leaders of the Securities and Exchange Commission want to prevent investing in derivatives that cannot be valued.

Reserve Bank of India draft rules requiring cash settlement of derivatives has dealers upset because it would nix using structured options to reduce the cost of a hedge restructuring.

A new slate of legal definitions to clear up the persistent succession issue in credit derivatives are in the works.

Bank of America has appointed Alex Caramella as a managing director in corporate equity derivatives marketing in London.

Credit derivatives lawyers cheered a U.S. District Court ruling delivered Tuesday as a confidence boost to the market that credit default swaps will hold up under contract law.

The meeting at Federal Reserve Bank of New York yesterday to review the infrastructure of the over-the-counter derivatives market, first reported by DW Online, drew some buyside attendees.

Mark Wan left Barclays Capital on Thursday. He was a director of credit derivatives and worked on structuring in the firm’s Hong Kong office.

Seventeen Wall Street firms responsible for the bulk of credit derivatives trading are set to meet later today at the Federal Reserve Bank of New York to discuss proposed changes to the trading infrastructure for trading the contracts.

Linklaters is adding to its partner ranks in Hong Kong with the appointment of structured finance and derivatives specialist Toby Gray.

James Lee, head of structured credit products at Citigroup in Hong Kong, has left the firm and is on gardening leave after he resigned from his post.

Gilles Drukier, head of equity derivatives sales to French-speaking countries at Merrill Lynch, has left the firm and is expected to resurface at JPMorgan in London.