News/People
ABN Amro hires head of FX option sales in Singapore
Dutch bank ABN Amro has hired Tan Huilin as head of foreign exchange options sales in Singapore.
DrKW hires Kobashi in Tokyo to offer risk management services to pensions funds
Germany’s Dresdner Kleinwort Wasserstein (DrKW) has hired Yoshikazu Kobashi from Morgan Stanley Japan to oversee the bank’s corporates and pensions marketing in Japan. Kobashi’s team will offer risk management solutions to corporates and pensions,…
KDB sets up credit derivatives desk in Seoul
The Korea Development Bank (KDB) has established a credit derivatives desk following an internal reorganisation of the bank's derivatives operations and in response to the growing credit derivatives market in the country, said Hae-Geun Chung, head of the…
Deutsche hires European head for structured capital markets
Deutsche Bank has hired Matt Press as managing director and European head of structured capital markets within its global markets unit. The hire is a newly created position, said a Deutsche spokeswoman.
Korea's Kookmin Bank to launch equity derivatives desk
Anticipating an increase in South Korean equity derivatives activity, Korea's Kookmin Bank is looking to establish a dedicated equity derivatives desk by the end of the year, said Nicholas O'Kane, Kookmin's Seoul-based business head for derivatives and…
ING names new head of financial markets in Singapore
ING Financial Markets, a unit of Dutch banking and insurance group ING Group, has named Percy Rueber as managing director and head of financial markets in Singapore.
Voltrex appoints European director
Voltrex Options, a derivatives brokerage house based in London, has appointed Arnaud Fransioli as director for Europe. Fransioli assumes responsibility for developing the company’s business on all main continental European derivatives markets, starting…
Crédit Lyonnais builds up credit derivatives capability in Tokyo
French bank Crédit Lyonnais intends to develop its credit derivatives activity in Japan, with two new hires, one internal transfer and possibly one further hire, said Edward Willems, head of credit derivatives in Tokyo.
XL London Market appoints risk director
XL London Market, an insurance syndicate at Lloyd’s of London, has appointed Paul Drake as director of risk management, a newly created position.
OCC promotes Cahill to president
The Options Clearing Corporation (OCC), the US clearing organisation for financial derivatives, has promoted Michael Cahill to the post of president and chief operating officer, effective July 1.
BMO aims to boost credit derivatives sales with new hires
The Bank of Montreal (BMO) plans to boost its credit business in London following its hire of Emma Vassallo and Lucile de Carbonnières as managing directors of its credit derivatives group.
ZCM forms new risk advisory group
Zurich Capital Markets (ZCM), the New York-based alternative asset management firm, has formed a new risk advisory unit in Australia, and appointed John Martin, formerly of PricewaterhouseCoopers (PwC), as managing director of the group.
Dresdner recruits derivatives marketers from JP Morgan Chase in Tokyo
German investment bank Dresdner Kleinwort Wasserstein (DrKW) has recruited two JP Morgan Chase officials to fill vacant positions in its fixed-income derivatives team in Tokyo.
Bear Stearns poaches five from Commerz to boost Asian securitisation
US investment bank Bear Stearns has poached a five-strong asset-backed securitisation team from Commerz Securities in Tokyo. The raid on the investment banking arm of Germany's Commerzbank will take the number working in Bear Stearns’ Japanese…
Clemmons to lead WRMA through challenges ahead
Lynda Clemmons, president of Connecticut-based weather risk company Element Re, has been elected as the new president of the Weather Risk Management Association (WRMA).
Credit Lyonnais prepares Asian-flavoured arbitrage synthetic CDO
France’s Credit Lyonnais Securities is getting ready to launch a global arbitrage synthetic collateralised debt obligation (CDO) within a month, according to the bank’s head of Japan investment banking and ex-Japan Asian debt capital markets, Jean-Marc…
Whiteside to head global FX at Lehman
Lehman Brothers has brought in its fixed-income liquid markets sales head, Grant Whiteside, to head global FX. Currently based in New York, Whiteside will move to London for the role later this year, a bank spokesman said.
Deutsche hires new head of cross-rates sales
Munir Dauhajre, previously head of US government bond and derivatives sales at Merrill Lynch, has joined Deutsche Bank as head of cross-rates sales for the Americas. Based in New York, Duahajre will report to Brian Reid, head of Deutsche's institutional…
Front in new sales drive
Stockholm-based trading and risk management technology provider Front Capital Systems, an operating unit of SunGard Trading Systems, has made two key sales appointments to support the company’s global expansion. Front has recruited Stephen Butcher to…
UBS Warburg to axe 10% of London derivatives workforce
UBS Warburg, the investment banking arm of Switzerland's UBS, said it plans to cut 10% of its derivatives workforce in London. The bank blamed the poor economic climate for the cuts, which are part of a wider cost-cutting exercise impacting its London…
Deutsche lures two senior equity derivatives staff from SG
Deutsche Bank has hired two senior equity derivatives specialists from French investment bank SG, part of Société Générale.
RBS acquires Mizuho team to expand securitisation business
The financial markets division of Royal Bank of Scotland (RBS) has hired three bankers from Mizuho Securities to expand its continental Europe securitisation team.
DrKW names Harata new head of rates trading in Tokyo
Dresdner Kleinwort Wasserstein (DrKW) has hired Jun Harata as managing director and head of interest rate derivatives trading in Japan.
Mizuho adds two to Tokyo equity derivatives trading team
Mizuho Securities has added two new hires to its equity derivatives trading team in Tokyo. Chea Srun joined from Dresdner Kleinwort Wasserstein and Nav Takhar from Toronto Dominion Bank. Both will work as traders.