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ABN AMRO has hired Brad Dansker, the top auto originator in the asset-backed group at J.P. Morgan Securities, as a managing director in New York.

Trip Mestanas, a more than 20-year veteran of the mortgage-backed securities markets, has left Deutsche Bank to join Merrill Lynch.

Merrill Lynch has hired Joonkee Hong, global head of emerging market derivatives at UBS in Stamford, Conn., as head of debt markets for Korea, based in Hong Kong.

Morgan Stanley’s Stanford Siao, executive director-equity derivatives trading in Hong Kong, has left the firm, according to market officials.

A combination of layoffs and resignations from ABN AMRO's U.S. operation is leading industry professionals to speculate over whether the firm remains committed to the North American derivatives market.

ABN AMRO has set up a joint venture for instruments that span the interest rate and credit markets.

The Basel Committee on Banking Supervision has proposed that loan houses be limited to only 60% regulatory capital relief when hedging loan portfolios with credit derivatives if they don't have protection against a restructuring credit event.

Banc of America Securities has hired Morgan Stanley's Jonathan Orseck in the newly created position of head of structured equity-linked solutions.

Barclays Capital is ramping up its presence in the Asian credit derivatives market with a new senior role as part of its expansion plans.

The EUR1.7 billion (USD2.1 billion) APK-Pensionskasse is planning to purchase structured products in the coming months to enhance returns, according to DW's sister publication Global Money Management.

U.S.-based boutique IPOX Schuster is rolling out the first tradable index of initial public offerings in the U.S. and plans to extend similar products to the European and Asian markets.

Implied volatility on cable jumped last week after sterling recovered from a sell off the previous week.