Risk Awards 2008
Lehman Brothers has hired Arun Murthy as head of commodities trading for Asia.
Credit market turmoil caused by bad US subprime mortgages could be transmitted to emerging market economies through domestic bank lending – a “vehicle for contagion that has been overlooked,” according to recent research by Lehman Brothers.
Unsettled structured credit markets are causing investors to become more scrupulous in their collateralised debt obligation (CDO) manager choices, according to market participants.
Daily news headlines
Credit default swap (CDS) trading activity in the US focused on the financial sector in October, according to a release by New York-based broker GFI Group.
Lehman Brothers has appointed David Erickson as global head of equity capital markets and Christopher Winchenbaugh as global head of debt capital markets, both newly created positions.
Amid disappointing third-quarter results, credit default swaps (CDSs) referenced to Bear Stearns and Lehman Brothers ranked among the most active in CDS trading in the US in September, according to a monthly report by New York-based inter-dealer broker...
Laurent Segalen has been hired as Lehman Brothers' global head of carbon emissions, responsible for structuring and origination.
Lehman Brothers has become the latest bank to offer clients access to various algorithmic foreign exchange trading strategies through its new Macro Quantitative Currency Strategies Platform (MarQCuS).
Jason Tilroe, head of the Europe-wide risk solutions group at Lehman Brothers, has been promoted to the newly created post of global head of risk solutions.
Jeffrey Lane has taken over as head of Bear Stearns’ asset management division, in order to restore investor confidence in its hedge fund business.
Tom Hartnett is joining Deutsche Bank Securities as head of core rates trading within the bank’s global rates business.
The Chicago Mercantile Exchange (CME) will launch futures and options based on Lehman Brothers' index of US investment-grade debt later this year.
Dorothee Fuhrmann is joining Lehman Brothers in May as head of European collateralised debt obligation (CDO) and structured credit syndication.
London-based hedge fund and broker Man Group plans to sell its brokerage arm, Man Financial, later this year.
Lehman Brothers, with Dublin-based asset manager Pioneer Investments, has closed its first managed constant proportion debt obligation (CPDO), called Ulisse Capital.
Andrew Wright, global chief financial officer for Deutsche Bank’s private client and asset management division, as well as regional CFO for continental Europe, is to move to Lehman Brothers.
Lehman Brothers has purchased a 20% stake in DE Shaw group, a $29 billion New York-based hedge fund. The deal, which closed on March 12, involves an up-front payment and future performance-based payments.
Steven Hulett has been appointed to the new position of European head of debt markets asset-backed security and collateralised debt obligation sales at Royal Bank of Scotland.
Lehman Brothers has launched an appealing product with its Pyxis Equity Linked Note Series 20. The product, which is effectively a China play, is issued in Hong Kong
Brady Dougan, chief executive of Credit Suisse’s investment banking division, has been appointed successor to Oswald Grübel as the group’s chief executive. Grübel plans to retire at Credit Suisse’s annual general meeting on May 4.