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Sempra Energy Trading has hired Vince Kaminski, most recently v.p.-commercial analytics at Reliant Energy in Houston, as managing director and head of quantitative analysis.

Deutsche Bank has hired Lars Kestner, an equity derivatives trader at Citigroup Global Markets in New York, to head its single stock equity derivatives trading desk in New York.

Derivatives houses in Asia, including Citigroup and Deutsche Bank, are starting to market to traditional fixed income investors hybrid structured notes that combine equity and interest rate risk.

Dresdner Kleinwort Wasserstein's Mark Mallia, Asian head of credit products in Tokyo, will join Morgan Stanley in the coming weeks in a new role as an executive director in the Asia-Pacific investment grade and high-yield trading and structuring group in Tokyo.

One-month euro/U.S. dollar implied volatility was heading lower on the holiday-shortened week Wednesday after whip-sawing over the previous week.

Sam Vulakh, former director in credit derivatives trading at Credit Suisse First Boston in London, has joined New York-based hedge fund start up Panton Capital as a partner.

In this Learning Curve we introduce a new framework for calculating and reporting correlations embedded in tranche prices: Base Correlations.

--Robert Nakamura, managing director and head of equity derivatives trading at Nikko Citigroup in Tokyo, explaining the firm's hiring plans.

J.P. Morgan is considering setting up a London-based power trading and marketing desk later this year as part of an effort to ramp up its energy derivatives business, according to DW sister publication Power Finance & Risk.

JPMorgan's Bart Broadman, Asia-Pacific vice chairman and head of credit and rates in Singapore, has assumed responsibility for the regional equity business and has been named head of Asia-Pacific markets in a reorganization.

JPMorgan is transferring Clarke Pitts, head of equity derivatives in Tokyo, to London in the coming months to assume a role within the equity division, according to firm officials.