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Merrill Lynch recently hired John Greco, a credit trader at Credit Suisse First Boston in New York, for a similar role. Tom McCreary, head of high-grade trading at Merrill, confirmed the move but declined further comment.
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Standard Chartered's head of financial institution sales in Singapore, Jeffrey Wright, has resigned.
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Merrill Lynch has hired Phil Kane, a structured credit trader at Citigroup Global Markets in London, as a director in its insurance solutions group in New York.
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Morgan Stanley has hired William Ellsworth, head of proprietary convertibles trading at Wachovia Securities, to head its convertible trading desk.
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Credit derivatives trader Kieran Goodwin has left UBS, where he worked in the firm's proprietary principal finance group.
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Merrill Lynch has hired Chris Sullivan, v.p. in equity derivatives sales at Banc of America Securities, as a director in a similar role.
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The ongoing efforts to merge iBoxx and TRAC-X, the two credit derivatives indices that have been fighting for supremacy for the past year, could hinge on finding an administrator that is acceptable to the backers of the rival indices. -
UBS has transferred Peter Ghavami, co-head of the municipal derivatives group, to London from the U.S. to co-head European fixed income sales.
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UBS has issued one of the first volatility certificates, allowing smaller investors to take views on volatility through the over-the-counter market and diversify their portfolio.
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New York-based hedge fund manager AM Investment Partners will evaluate entering over-the-counter equity derivatives for its newly launched AM Investment T Fund, a long/short equity fund.
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Lars Hamich, executive director at Dow Jones Indexes, explaining why it should keep its position as index administrator under a proposed merger of credit derivatives indices.
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Baring Asset Management is looking to buy European government bonds instead of U.S. and Japanese govvies. Marino Valensise, head of fixed income in London, points out that he receives essentially the same yield from European and U.S. government bonds.
