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JPMorgan has hired Jeremy Kloiser-Jones, head of structured equity derivatives sales at Lehman Brothers in Tokyo, for a new role as head of equity derivatives marketing on its Tokyo desk.

Merrill Lynch has hired Steve Kuppenheimer, v.p. in structured credit products at Credit Suisse First Boston in New York, as a director and senior structurer.

Matthew Tricks, a senior equity flow derivatives salesman at Credit Suisse First Boston in London, has rejoined Dresdner Kleinwort Wasserstein in a similar role.

Morgan Stanley has hired Mitchell Braselton, managing director in global structured products at Bank of America in London, for a similar role in New York.

Multi-asset class exotic business is highly dependent on Monte Carlo. In this article, we shall show a simple but powerful idea on the numerical side of Monte Carlo.

The structured interest rate derivatives business has rocketed over the last month as private banking clients have dived into the market on the back of rising U.S. Treasury yields.

Lehman Brothers and Banc of America Securities are marketing collateralized debt obligations with an option to extend the traditional five-year maturity.

Jason Mitra and Harvey White, derivatives flow salesmen at UBS in London, have both left the firm. The duo reported to Stephen Fulford, managing director in risk management products.

--Philip Whitehurst, structured medium-term note trader at ABN AMRO in London, commenting on the huge growth in the volume of structured interest rate transactions in the last two weeks.

WestLB Securities recently established a cross-asset class structuring and origination department in Tokyo and has hired Takamichi Kizu, senior v.p. in fixed income at Lehman Brothers in Japan, to head the effort.

Paul Weyandt, Kansas City Southern's treasurer, on why the company chose Morgan Stanley and Scotia Capital to lead its credit over the incumbent J.P. Morgan.

Banc of America Securities is preparing a first-of-its kind synthetic securitization referenced to auto loans, according to a potential investor scouted out by the firm.