-
Laurence Black, head of custom indices at Royal Bank of Scotland in London, left the firm a few days ago and is reportedly heading to Barclays Capital in a similar role.
-
Members of the U.K. House of Lords have opposed the set-up of a Europe-wide default fund to stave off a clearing house collapse.
-
UBS has hired Yash Agarwal as an exotic equity derivatives trader in Hong Kong, reporting to Winnie Chui, Asia head of equity exotics trading for the bank.
-
Goldman Sachs is continuing to lose key staff from its Asia fixed income business.
-
Neil McPherson has been promoted to global head of structured finance at Markit.
-
Dimitri Cleanis, a v.p. in exotic equity derivatives index trading at Citigroup in London, is joining Credit Suisse in a similar role.
-
The U.S. Securities and Exchange Commission’s Division of Enforcement wants to hire two to three seasoned structured finance specialists for new posts in its structured and new products unit in Washington, D.C., New York and other SEC offices. The division is currently 1,000 strong.
-
Hedge funds have been buying up one-week calls on the euro against the Swiss franc this morning, anticipating the Swiss National Bank will decide tomorrow to prevent a further appreciation in the franc but that the effort may flounder ultimately.
-
Private banking group EFG International is looking to expand its Asia structured products platform under its subsidiary EFG Financial Products.
-
European Union representatives will propose to G20 states in June to agree to ban naked credit default swaps trading on government-backed bonds, according to Nikolaos Chountis, a member of the European Parliament for Greece.