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Nomura Securities has restructured its equity derivatives desk in Asia ex-Japan following recent senior transfers.
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Attorneys are warning corporate bankruptcies could prompt a wave of lawsuits over credit-default swaps.
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Principal-protected retail equity-linked notes are back in vogue in Asia as global uncertainty triggers greater investor caution.
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Los Angeles-based TCW Asset Management, a USD130 billion manager of 82 collateralized debt obligations, is ramping its first synthetic CDO squared to close later this month.
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UBS and ACA Capital are targeting equity-tranche investors for a global sub-prime residential mortgage-backed securities CDO.
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UBS and its wholly-owned alternative asset management subsidiary Dillon Read Capital Management are marketing globally their first hybrid commercial mortgage-backed securities collateralized debt obligation.
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A pick up in trading of credit-default swaps on tranches of cash-flow collateralized debt obligations is being reported by players in the U.S.
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Asia needs capital. The Gulf States are flush with money but also have massive infrastructure needs that Asian companies can help meet, write the Mckinsey Quarterly's Dominic Barton, Kito de Boer, and Gregory P. Wilson
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Ramez Attieh, a v.p. covering Middle Eastern fixed income derivatives marketing at Merrill Lynch in London, has quit the firm. Alex Walker, spokeswoman at Merrill, confirmed his departure, but was unable to comment on whom he reported to. Attieh could not be reached for comment.
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Deutsche Bank has added a former senior Merrill staffer as head of structured credit trading and distribution in London.
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Lehman Brothers has signed up a derivatives veteran for a new slot in its expanding Tokyo office.
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Principal-protected retail equity-linked notes are back in vogue in Asia as global uncertainty triggers greater investor caution. "As the interest-rate and political situation [in the Middle East] remains unclear, clients are displaying an added degree of caution," said Patricia Lau, in equity risk management at UBS in Hong Kong. She noted investors have been shifting back to the capital guaranteed structures which dominated the retail note market two-to-three years back.