People: Exodus of traders from Brevan Howard

Traders leave hedge fund after performance takes a hit in June fixed-income rout; HS Kim replaced at Commerzbank; Nomura poaches BAML equities team; Citi names new head of clearing for Europe; Braithwait takes risk role at JP Morgan

A number of traders are said to have left hedge fund Brevan Howard over recent weeks. The fund declined to comment on any moves, but market sources say as many as a dozen traders have moved on.

Interest rates trader Richard Armes, previously co-head of European interest rates at Morgan Stanley in London, is said by market sources to be one of those leaving the fund. Armes is listed as having left Brevan Howard on June 25, according to the Financial Services Register in the UK. Credit trader Wayn