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Robert Dunbar, equity derivative statistical arbitrage trader at Barclays Capital in London, has left the bank.

ABN AMRO is marketing its first structured credit product in Asia out of its newly minted private investor products group and officials predict there will be a flurry of new instruments.

Calyon is working on a synthetic collateralized debt obligation in which the coupon of one of the tranches is linked to the Standard & Poor's 500 and the Nikkei 225.

Sal Amery, managing director and Asian head of global structured products at Bank of America in Tokyo, is moving to Hong Kong as part of the firm's attempt to concentrate senior staff in the city.

Bear Stearns has hired Simon Freeman, a risk arbitrage trader at UBS O'Connor in London.

Citigroup in London has hired Mikael Benguigui, v.p. in equity derivative sales to France, Belgium and Luxembourg at JPMorgan, as director with responsibility for a new sales effort focusing on equity derivatives to the same countries.

The Danish industrial workers' pension fund is looking at redirecting some of its DKK24.6 billion (USD4 billion) into over-the-counter and listed derivatives, according to DW sister publication Global Money Management.

Fitch Ratings plans to publish its approach to rating collateralized debt obligations referenced to equity-default swaps next month, in a move that could lead to it publishing its criteria for the instruments.

On Nov. 27, 2001 the International Swaps and Derivatives Association circulated the first draft of a new version of the ISDA Master Agreement (the 2002 Agreement) to its members.

Lehman Brothers last week brought aboard Fumio Nashiro, head of distribution at Bear Stearns in Tokyo, in a new role as a managing director in equity structured product sales in Tokyo.

CapitalSource, a middle market lending firm, intends to add eight to 10 bankers in its New York office within the next year or so.