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Ahrash Daneshvar, a senior credit correlation trader at UBS in London, has quit the firm.

ABN AMRO has promoted three equity sales staffers internally to replace a trio of departures from its Swiss private investor products team.

Eric Miller, head of structured products sales at ABN AMRO in New York, has left the firm.

Barclays Capital and Los Angeles-based TCW Asset Management have teamed up for a first-of-a-kind collateralized debt obligation which offers investors exposure to a managed portfolio of commodity swaps.

Bank of America has nabbed Mayur Jethwa, a senior credit-default swap trader at Credit Suisse in London who is considered to be one of the top traders in the banks and financials sector.

Investors are increasingly tapping independent credit derivative pricing tools. "

In most derivative master agreements, parties indicate the substantive law that will govern disputes arising from the agreement through a provision stating the agreement will be governed by and construed in accordance with the laws of a specified jurisdiction.

Citigroup recently brought aboard Mark Chan, equity derivatives marketer at HSBC in Hong Kong, for a new senior role.

The Panel on Takeovers and Mergers, the U.K. regulator, was set to issue a response statement as DW went to press, enlarging on derivatives disclosure rules in takeover situations.

Ramesh Menon, a former managing director in Citigroup's equity derivatives group, has launched a company to design and manage funds that invest in equity derivatives.

Deustche Bank has hired two structurers: Keith Cunningham, from Lehman Brothers in New York, and Devin Toth, executive director in structured marketing at CIBC in Toronto.