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Deutsche Bank has hired Gregoire Lenglet, v.p. and exotic equity derivatives trader at Dresdner Kleinwort Wasserstein in London, in a similar role.

Sellers of options on credit-default swaps--mostly hedge funds and bank prop desks--are driving CDS implied volatility lower.

Deutsche Bank is shifting from cross-product structuring to asset-class-specific units in Asia.

Jeroen Wilbrink, head of derivatives marketing to the Netherlands at JPMorgan in London, has left the firm.

Nomura International, the European arm of Nomura Securities, has hit the road with a collateralized fund obligation which references private equity funds.

Peter Flink, executive director, and Manay Patel, associate, both in Morgan Stanley's corporate derivatives group in New York, have left the firm. The pair reported to Elinor Hoover, managing director of corporate derivatives, who did not return phone messages.

Major investors in Japan such as regional banks are expected to shift from static to managed synthetic collateralized debt obligations this year, following recent regulatory inquiries on risk management procedures.

Morgan Stanley last week hired Joe Facchiani, associate in structured credit trading, from Merrill Lynch in New York.

Dealers structuring collateralized debt obligations are re-jiggering the International Swaps and Derivatives Association pay-as-you-go settlement template--designed for asset-backed structures--to use it for corporate-linked structures.

Philippine peso-linked derivative products are gaining momentum on the back of greater local user sophistication and improving domestic economic conditions.

Recent underperformance of longer-dated index equity tranches relative to five-year equity tranches has traders seeing a rise in relative-value trading opportunities.

SG Corporate & Investment Banking has hired Thomas Doyle, a director in fund derivatives at KBC Financial Products in London, as deputy head of alternative investment sales.