CFO succeeds founder of credit protection specialist
The credit downturn has coupled with unprecedented fear over counterparty risk to stymie opportunities for credit derivatives product companies. Some market participants are investigating restructuring, but is there a way forward? By Mark Pengelly
New York-based credit derivatives product company (CDPC) Primus Financial Products has restructured $1.2 billion of credit derivatives protection the firm had written referencing a monoline insurer.
Primus Guaranty, the Bermuda-based parent company of the first standalone credit derivatives product company, saw a net loss of $918.5 million in the fourth quarter of 2008. This result compares with a net loss of $403.9 million in the corresponding period...
Jerzy Pawlowski has joined New York-based credit derivatives company Primus Guaranty's asset management arm as a portfolio and risk manager.
Charles Truett, head of portfolio management at New York-based credit derivatives company Primus Guaranty, is retiring at the end of March.
Primus Guaranty, a credit derivatives boutique, has hired Charles McLendon as president of asset management - a newly created role at the company.
Bermuda-based credit default swaps marketer Primus Guaranty has registered a statement with the Securities and Exchange Commission for a proposed initial public offering of its common shares.