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UBS in London has hired Ronan Clarke, senior research analyst in high-yield at J.P. Morgan Securities in London, as head of high-yield research.

--Steven Stewart, cfo of Headwaters, which has gone with relationship banks J.P. Morgan and Morgan Stanley for the financing backing its acquisition of Tapco Holdings.

The chairman of the Federal Reserve, Alan Greenspan, breathed life into the range-bound foreign exchange options market last Wednesday with a speech to the House of Representatives.

ABN AMRO is planning to offer market access derivatives linked to Chinese 'A' shares on the back of receiving initial approval from regulators last week.

CSFB has hired Marc Freydefont, collateralized debt obligation analyst at Moody's Investors Service in London, as a structured credit trader.

Deutsche Bank has recently hired Matthew Engman, former credit derivatives trader at Commerzbank in Tokyo, for a new role on its credit derivatives desk in the same city.

Last week Fitch Ratings published its global credit derivatives survey. Below are some of the highlights, visit DW's Web site (www.derivativesweek.com) for more.

The credit-default swaps market saw increased trading volumes last Thursday, due to a Cap Gemini downgrade and a Compass Group profit warning.

--Dong Soon Park, an official at the banking examination department 2 at the Financial Supervisory Service in Seoul, commenting on what could happen to Deutsche Bank if evidence comes to light that more of its Korea-based employees are involved in a alleged bribery scandal.

A regulatory investigation into bribery allegations against a Deutsche Bank employee in Korea has stopped dead one of Asia's fastest growing structured derivatives markets.