Derivs - People and Markets
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The Hong Kong office of Akamai Financial Markets has closed its doors on the back of increasing costs at the firm.
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Sandeep Gill, managing director and head of credit derivatives global financial markets for DBS Bank, the largest bank in Singapore as measured by assets, has left the firm.
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Mike Bass, a pivotal figure in building Standard Chartered’s derivatives trading platform in Asia, has left his global head of commodities slot in Singapore.
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Bill Beller, Citigroup’s former head of emerging markets equity derivatives trading in London, will start at UniCredit next month.
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Joseph Chan, senior managing director of structured equity product sales at Bear Stearns in Hong Kong, has left the firm.
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Deutsche Bank’s London-based head of index trading, Chris Craig-Wood, has left on sabbatical.
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Macquarie is lining up a London team of structurers, traders and salespeople from Bear Stearns to fire up a new equity derivatives group.
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The recent surge in litigation by Indian corporates burnt by fx contracts running against them has market players fearful that the Reserve Bank of India may come down hard on the provider side by further tightening sales practices.
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A notice issued by the China Banking Regulatory Commission has local banks and offshore providers worried about a possible shake up of the structured products business for high-net-worth clients. -
The Trust Association of Republic of China has reportedly tightened sales practice rules for retail Taiwanese structured product distributors.
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Amit Arora, formerly a managing director in the structured credit group at Bear Stearns in New York, started this week at JPMorgan along with a team of several junior traders.
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Stefano Galliani, a bespoke corporate collateralized debt obligation trader at Merrill Lynch in New York, has joined Morgan Stanley in a similar role.
