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Offshore firms looking to crack Taiwan’s lucrative structured retail market are hustling to clear high regulatory hurdles.
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Cecile Houlot, former northern European head of structured finance derivatives at JPMorgan, has joined Morgan Stanley in London as head of European securitization within the global structured solutions group, a new position.
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Julius Baer is marketing one-year structured notes linked to a basket of 13 auto sector stocks. That’s despite a number of dealers expecting the sector to come under increasing pressure over the next year as the Chinese economic growth slows and demand weakens.
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Greg Kuppenheimer, head of the equity strategies group focusing on structuring and marketing for institutional clients at Goldman Sachs in New York, left the firm in recent weeks.
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RBS is considering offering interest-rate linked deep barrier reverse convertible notes.
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Société Générale blamed an adverse environment for equity derivatives for the 54.5% decline in revenue from equity activities from the first quarter of 2010.
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Barclays Capital structurers are eyeing more structures on the S&P500 Dynamic VEQTOR (Volatility Equity Target Return) Total Return Index and other volatility offerings.
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Rob Dale, head of structured product sales to the U.K. and Benelux at Nomura in London, left the firm last week.