Pension funds are increasingly investing in commodity indexes to diversify their portfolios, according to a recent Lehman Brothers report.
Soroosh Shambayati has been appointed as European head of fixed income for emerging markets by Lehman Brothers.
Lehman Brothers has named Riccardo Banchetti as chief executive for Italy.
Lehman Brothers has named Satu Parikh global head of commodities.
Richard Gladwin has started in his role as global head of foreign exchange at Lehman Brothers in London. The appointment follows a three-month sabbatical since he left his post as head of forex derivatives at Barclays Capital on April 21.
Lehman Brothers will launch its Lehman Brothers Commodity Index (LBCI) on July 1 to track the performance of 20 commodities futures contracts across the energy, metals, agricultural and livestock markets.
Richard Gladwin, head of currency derivatives at Barclays Capital, has left the bank to join Lehman Brothers. Gladwin is expected to be named the US bank’s new global head of foreign exchange sales in London, although a Lehman spokesman would not confirm...
Tony Venutolo has joined Société Générale as an executive director of the investment bank’s structured credit product group in London. He will take charge of co-ordinating marketing and product development within the structuring team.
Ben Funnell has quit his position as co-head of European strategy in London to join GLG Partners as a fund manager. He will work on mixed-asset fund strategies alongside Noam Gottesman, a partner of the London-based hedge fund.
Eight dealers have agreed upon standard documentation for preferred credit default swap (CDS) transactions. The new standards will likely enhance liquidity of the nascent market.
CDS IndexCo and Markit have launched CMBX, a range of synthetic credit default swap (CDS) indexes of US commercial mortgage-backed securities (CMBS), which will trade from today.
Frankfurt-based International Index Company (IIC) has launched the iBoxx EUR ABS 50 index, which consists of the 50 largest and most liquid AAA-rated European floating rate asset-backed securities (ABS) and mortgage-backed securities (MBS). Each constituent...
Lehman Brothers had a hectic 2005, with net revenue for the year rising 38% to $3.3 billion. But it's not just the traders that were busy.
Lehman Brothers has appointed Sophie Landry as executive director in its structured solutions group in London.
The New York Federal Reserve meeting with 14 major dealers on September 15 appears to have succeeded in coercing the industry into taking more concerted action to tackle the mounting problems in credit derivatives confirmation backlogs. Following the...
Lehman Brothers has hired Jason Margiotta from rival Merrill Lynch to run its forex forwards trading desk in New York.
Barclays Capital, Ixis Corporate and Investment Bank, Lehman Brothers, Nomura International and the Royal Bank of Scotland have all agreed to become market-makers for the Chicago Mercantile Exchange’s (CME) new eurozone inflation futures contract. The...
The world's major derivatives dealers have signed up to the International Swaps and Derivatives Association’s long-awaited ‘Novation Protocol’, which seeks to facilitate the transfer of existing trades to third parties.
Diageo, the UK-based drinks company that makes Guinness and Smirnoff vodka, has bought a put option from Lehman Brothers that covers its entire remaining stake in US food company General Mills, owner of Cheerios, Green Giant and Häagen-Dazs ice cream.
JP Morgan has made two senior hires in trading and sales from Wall Street rival Lehman Brothers.
Broker-dealers in the US are having to cope with the SEC's capital requirements, while still being somewhat in the dark about the upcoming Basel II framework. By Choongo Moonga
Société Générale has hired Jan de Bondt and Ian Morgan in rates sales as the bank looks to expand its European footprint in the rates business.
Lehman Brothers has appointed Thierry Sciard as managing director, head of investment management for Europe, tasked with the strategic development of the investment management business in the continent.
American broker-dealers are opposed to some of the proposals recently published by the Basel Committee to improve the management of market risks.