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Senior duo leaves Calyon after €250 million rogue trade
Two of Calyon’s most senior bankers have departed following the discovery of a rogue credit derivatives index trade earlier this month.
Algorithmics launches Algo First 4.0
Daily news headlines
South Korea, Taiwan again fail to achieve developed market status
London-based index provider FTSE Group has again left officials in South Korea and Taiwan disappointed, after it decided to keep them classified as advanced emerging markets, as it did in 2005 and 2006. The supplier of the world’s most used index series…
Spectron trades first OTC carbon option settled on CCFE
Energy broker Spectron has brokered the first over-the-counter carbon dioxide option settled against the Chicago Climate Futures Exchange (CCFE)
Citi gets merchant banking licence in Bangladesh
Citi has become the first foreign bank to secure a merchant banking licence in Bangladesh, enabling the US dealer to act as an adviser, underwriter and lead manager in the country’s local capital markets.
Hamich leaves Stoxx to look for opportunities
Lars Hamich is leaving Stoxx, the pan-European index provider, after 11 years with parent company DowJones Indexes. Hamich previously worked for Deutsche Börse as a product manager where he was the Dow Jones representative and developer of the DowJones…
Calyon sets up Asian DCM team and names leveraged finance head
Calyon has named a new Hong Kong-based debt capital markets (DCM) team for Asia excluding Japan, headed by Antoine Gros. The French bank has also appointed a new head of acquisition & leveraged finance for Asia excluding Japan.
BGI hires Prooth as managing director for iShares
Barclays Global Investors (BGI) has hired Karen Prooth as managing director and European chief operating officer for iShares, the asset manager’s brand of exchange-traded funds.
BNP Paribas adds Baehr in New York
The New York division of BNP Paribas has expanded its Equity and Derivatives business with the appointment of Andrew Baehr as managing director and senior equity derivatives flow salesperson. Baehr will report to Aaron Ford, head of Americas flow sales…
BarCap builds equity derivatives desk in Tokyo
Barclays Capital has made three recent appointments to its new equity derivatives desk in Tokyo, bringing the team up to four traders and two structurers.
Silvotti joins RBS
Royal Bank of Scotland (RBS) has hired Roberto Silvotti as joint head of exotic credit derivatives to work alongside Vincent Dahinden.
Citi hires oil trader in Singapore
Citi hired Craig Smyth in early September as an oil trader in Singapore, taking the US bank's commodities headcount in Asia to 14.
RBC Capital Markets appoints research heads
RBC Capital Markets has hired Russell Jones as head of fixed income and currencies global research.
BNP rejigs global debt syndicate teams
BNP Paribas has made changes to its New York and London debt syndicate teams.