Derivs - People and Markets

Bear Stearns senior managing director Adam Siegel recently left the company and Gyan Sinha, also a senior managing director, will be moving on in early June.

Nomura is to service its high-net-worth clients with the ability to write call options on Japanese stock they hold, on the back of a joint agreement with Rampart Investment Management.

Citigroup is listing a range of equity-tracker certificates on the Hong Kong exchange, which will allow investors to start taking sector plays on foreign markets and which bankers say may start a price war.

Morgan Stanley has shed regional staffers across its equity derivatives flow sales team, with German, Italian, Swiss and French specialists all exiting the firm in the last few days.

ABN's Asia head of private investor products sales has stepped down from the role.

Alan Zagury, co-head of exotic equities trading, has left JPMorgan in London for Goldman Sachs in Hong Kong.

Lawyers are questioning whether a suggestion by the New York insurance superintendent that certain credit derivatives could be regulated under insurance law will ever see the light of day.

Angus Hui, previously a managing director in equity and fund derivatives at Calyon, is joining Citigroup as director of Hong Kong warrant marketing.

Kurt Finkbeiner, head of equity derivatives trading for Asia at The Royal Bank of Scotland, has left the firm.

Jeff Sparks, a senior managing director in U.S. equity derivative sales at UBS in Stamford, Conn., has left the firm.

Countrywide Alternative Asset Management has taken over the management of Sagittarius CDO I, a defaulted $1 billion collateralized debt obligation.

A former head of Asia Pacific interest-rate trading at BNP Paribas is taking a stab at launching his own hedge fund firm with what he believes is the first statistical arbitrage fund to focus on Asia ex-Japan.