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Asian investors are looking to buy equity tranches of hybrid and synthetic asset-backed securities collateralized debt obligations.

ABN AMRO is rolling out its novel constant proportion debt obligation structure to antipodean investors.

Hedge funds and bank prop desks are putting five-to-10-year yield curve steepeners on an off-the-run investment grade credit derivatives index.

Bear Stearns this week shifted Howard Tomlinson, senior managing director in fixed income in New York, to Hong Kong.

BNP Paribas has hired Sonal Khot, a structured credit derivatives marketer from JPMorgan in New York.

Cairn Capital has priced its first collateralized debt obligation backed by mezzanine asset-backed securities.

Calyon has hired Fred Simkin as an executive director in product management and syndicate from a similar role at Wachovia Securities in London.

Lawrence Asset Management, a Toronto-based fund manager with USD700 million under management, is looking to partner up with a dealer to help it expand its structured fund business outside of Canada.

Commerzbank has hired Edwin Bernard, head of equity derivative product structuring at ING Wholesale Banking in Singapore, in a new senior role.

China has started allowing company-issued stock options, with over a dozen mainland corporates announcing plans to use stock option incentives.

Issuance of credit range accrual notes referencing the iTraxx index is burgeoning as players express views on credit volatility.

Investors looking to add synthetic credit to their cross-asset class portfolios have emerged as the first players to show interest in total-return swaps on the iTraxx index, a play debuted by JPMorgan last month.