Derivs - People and Markets

Experienced funding and derivatives head calls time on 18 year Lloyds career

RBC Capital Markets has brought three cash sales traders on board across Europe as part of a push to expand its equities business in the region.

NatWest Markets has hired UK rates trader James Bucknall from Deutsche Bank, where he was head of sterling trading.

Barclays has hired a senior trader from JP Morgan in New York to replace Naseer Al-Khudairi as head of electronic trading and digital strategy for its markets division.

Barclays has appointed Anita Tanna as managing director and head of EMEA generalist and specialist cash sales in London, having hired her from Citi.

Mizuho's new head of linear rates trading, Jason Cohen, has made three hires as he looks to build a franchise for the Japanese bank in EMEA.

The lack of clarity over whether the UK and the EU will clinch a trade deal before the end of the year also makes it harder for those in financial markets to know whether equivalence decisions will be granted for the trading obligations for derivatives (DTO) and shares (STO).

MUFG is overhauling personnel and its business model to try to escape a cycle of low returns, writes David Rothnie.

MSCI picks up Nick Mihic — Algomi co-founder Stuart Taylor joins MUFG — Vinod Vasan changes roles at UBS

As market participants prepare for the end of the Brexit transition period on December 31, the European Securities and Markets Authority has said it will not change requirements on where derivatives can be traded, even though this could cause problems for UK branches of EU investment firms.

MSCI has hired Nick Mihic as head of client coverage for Germany, Austria and Switzerland.

As investors sought gold and silver as a hedge against inflation and uncertainty, investment banks with the capabilities to act in these markets benefitted. Some made more than $100m in precious metals in the third quarter, according to Coalition Greenwich.