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Richard Caplan, credit market veteran and North American head of the collateralized debt obligation group at Citigroup in New York, has taken a position at RBS Greenwich.

Credit Suisse has hired Oliver Neumann, a senior equity derivatives flow trader from Deutsche Bank in London.

Sydbank, a Danish emerging market collateralized debt obligation manager, is managing a first-of-a-kind CDO referencing local currency-denominated senior unsecured emerging market debt.

A flip away from recent bearishness on the U.S. economy combined with concerns over North Korea's underground nuclear test weighed on the yen last week.

Deutsche Bank in Frankfurt has hired Richard Winderl, an equity derivatives salesman covering Germany and Austria, from Credit Suisse in London.

Goldman Sachs has hired Bill Shelton, v.p. and co-head of equity structured investments at JPMorgan in New York.

Collateralized debt obligation structurers and managers are increasingly referencing the synthetic asset-backed securities index ABX in ABS CDOs to boost spreads.

The Hong Kong Securities and Futures Commission executive director Alexa Lam has warned prime brokers to put in place and implement rigorous risk management measures to guard against risks posed by hedge funds.

Morgan Stanley has hired Christopher Andrews, an equity derivatives trader at Liquid Capital Securities, a brokerage firm in London.

Financial institutions in the U.S. are getting in on a trend for derivative-based investments which pay out when equity indices or baskets of stocks tumble.