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Robeco Alternative Investments has launched a capital-protected note linked to a credit hedge fund managed by Robeco Asset Management.

Christine Morrissey, managing director and head of European swaps and options at UBS in London, is taking a sabbatical leave.

TD Securities announced last week it is closing down some of its exotic derivatives businesses because of the escalating costs of compliance.

Fabien Hajjar, head of equity volatility trading for Europe at SG Corporate & Investment Banking in Paris, has left the shop.

Ian Clifton, co-head of rates at WestLB in London, has been named ceo of the German house for Asia.

The European Investment Bank will begin marketing its first 30 year bond next week, even though some bankers believe it should wait for calmer weather in the bond markets.

John Fraser, a portfolio manager with Angelo, Gordon & Co., has left the firm

HSBC has hired Steven Phan, head of the funds and active strategies structuring and trading team at Merrill Lynch in London, to boost its fund-linked business.

TD Securities is closing down its exotic derivatives business globally. Bob Dorrance, vice chair of wholesale banking, told employees the group is reducing its focus on "less profitable and more complex activities," according to an internal memo obtained by DW. Jeff Keay, an official in the corporate and public affairs group, did not return calls left on his voicemail. TD's credit business will continue to sell vanilla products to clients globally, but its structured credit client business will be limited to Canada, according to the memo. It will retain a global proprietary structured credit effort. In addition, the advanced equity product group will be closed, but vanilla equity options trading will continue from London, Tokyo and Chicago. Dorrance added the Canadian house will not continue its Asia expansion.

BNP Paribas has hired Caridad Bordallo, v.p. in credit sales to Spanish investors at Morgan Stanley in London.

Mitch Jacaruso has joined Barclays Capital's agency trading desk.

About 700 bond market professionals, including investors, researchers and traders attended The Bond Market Association's annual meeting last week at the Waldorf-Astoria in New York.