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Lehman Brothers' Fumio Nashiro, managing director in equity product sales in Tokyo, has just left the firm, according to market officials.

Nomura Securities is bulking up its equity derivatives desk and nascent fund-linked business in Hong Kong with hires and transfers.

U.S. dollar calls and euro puts were being snapped up after positive U.S. economic data sent the greenback more than a cent higher against the euro Wednesday to USD1.208.

The Royal Bank of Scotland has hired Peter Nowell as a director in its U.K. principal investment group, the desk responsible for repackaging and risk finance.

The Royal Bank of Scotland has expanded its Japanese credit derivatives desk with the hire of a pair of veterans.

CB Richard Ellis, a commercial real estate services firm, is expanding its financial business in the U.K. to include brokering property derivatives.

Standard Chartered has rehired Hong Sik Kim, interest rate trader at Merrill Lynch in Seoul, for a similar role.

The Delaware River Joint Toll Bridge Commission plans to enter its first swap to lock in low interest rates on the bulk of a USD200 million floating-rate bond issue planned for next year.

U.K. financial services firm Matrix Group has extended a capital-protected investment product linked to a managed futures fund to allow for an extra GBP10 million (USD17.61 million).

U.S. dealers active in issuing synthetic collateralized debt obligations referencing asset-backed securities are starting to hedge their exposure through correlation trades.

Questions answered on Argentina, NIgeria and Turkey

Companies in the banking and financial sector made more top management changes--namely, by changing chief executive officers--than those in any other sector during the month of June.