News/People
Credit derivatives majors form data alliance
Goldman Sachs, Deutsche Bank and JP Morgan Chase have launched a credit derivatives market data scrubbing and sharing project meant to head off disputes among market participants over the terms of their contracts.
CSFB hires structurer in NY
Tony Capozzoli has joined Credit Suisse's investment banking arm, CSFB, in New York as a corporate structurer, leaving his role as a senior risk analyst at Bank of America, also on Wall Street.
CBOT appoints new head of business and product development
The Chicago Board of Trade (CBOT) has named Martin Reiner senior vice-president in charges of sales, marketing and product development. The appointment is important, as the CBOT and rival Chicago-based derivatives exchanges, the Chicago Board Options…
ABN Amro steps up credit derivatives effort
Dutch bank ABN Amro is steadily building up its credit derivatives team under Arnie Groes, its new head of global credit derivatives.
IntesaBCI puts weather risk on hold
IntesaBCI has shelved its plans to trade weather derivatives this year, in a move likely to prompt closer scrutiny of weather trading performance at other banks.
Blundell new CME managing director in Europe
The Chicago Mercantile Exchange (CME) has named Mark Blundell as managing director, CME Europe, based in London.
LeBlanc leaves DrKW to head risk management at Barclays
Robert LeBlanc has joined Barclays Capital as its new head of risk management, after less than a year at German rival Dresdner Kleinwort Wasserstein (DrKW). Both banks declined to comment on the move.
ABN Amro adds to institutional forex sales
ABN Amro has made three new hires in institutional foreign exchange sales – part of its global financial markets business. All three report to Chicago-based Robert Rodman, ABN's global head of forex product sales to financial institutions and the public…
Merill Lynch hires for European derivatives sales
Merrill Lynch has made two new hires for its derivatives sales force in Europe. Robert Machin joins as a director of interest rate derivatives, and Konstantin Krebs joins as a senior vice-president, marketing credit derivatives, interest rate derivatives…
SunGard makes two senior hires for collateral management and energy businesses
Pennsylvania-based technology firm SunGard Trading and Risk Systems has hired Michael Clarke as a senior vice-president of the SunGard Collateral operating unit, while Michael DeMaise has joined the energy operating unit as vice-president of product…
Merrill Lynch snags two from SG in Asia
Merrill Lynch (Asia Pacific) has snatched two derivatives specialists from SG Securities Global Equities, in a move to strengthen its position in the region's equity derivatives markets, according to the bank.
New ABN Amro hire to expand electronic futures business
Steve Chivers has joined ABN Amro as a Chicago-based senior global technology manager of the bank's global futures division – a newly created position.
Overmars to head ABN financial markets
Piero Overmars has stepped up from his role as ABN Amro’s head of global financial markets in Japan, to become the Dutch bank’s global head of global financial markets, based in Amsterdam. He replaces Nils Lorenzen, who has resigned for personal reasons…
Citibank appoints head of structuring for Asia-Pacific
Citibank has named Rodrigo Zorrilla as head of structuring and corporate sales for Asia-Pacific, reporting to Paco Ybarra, head of financial markets for Citibank Asia-Pacific. He will be responsible for the development and structuring of Citibank's Asian…
New multi-bank op risk data pooling venture
Over a dozen large global banks plan to form a new not-for-profit venture to pool operational risk data this spring. The Operational Risk Data Exchange (ORX) will be incorporated in Switzerland – selected for its data privacy and confidentiality laws –…
Hawke highlights "thorny issues" of Basel II
John Hawke, the US Comptroller of the Currency, this week said that “there are a number of thorny issues that remain to be worked out” in the Basel II bank capital adequacy Accord. Speaking at a conference held by the Institute of International Bankers…
Deutsche Banc Alex. Brown hires investment-grade bond traders
Deutsche Banc Alex. Brown, the US investment banking arm of Deutsche Bank, has added to its integrated credit trading group by hiring Michael Wheeler and Alex Marx as senior investment-grade bond traders.
Barclays hires two for Latin America credit trading
Barclays Capital, the investment banking division of Barclays Bank, has hired Michael McGowan and Ronaldo Lyrio as directors of credit trading for Latin America, as part of the bank’s effort to grow its presence in the region.
BNP Paribas appoints new head of credit
BNP Paribas has appointed Brian Lazell as head of credit markets for the Asia-Pacific region, excluding Japan. The post is based in Hong Kong, and Lazell will report to David Ovendon, global head of credit.
IRC increases drive for hedge fund disclosure
The Investor Risk Committee (IRC), part of the International Association of Financial Engineers (IAFE), has added three members to its steering group, in a move to increase its work on encouraging hedge fund disclosure and transparency.
BofA names global head of forex trading
Bank of America (BofA) has hired Larry Baum to manage its global spot, forwards and proprietary foreign exchange trading business. The post has been vacant since December, when Richard Breslow, former global head of forex trading, left after more than…
DrKW hires global equities director in Tokyo
Dresdner Kleinwort Wasserstein (DrKW) has hired Hiroyuki Uno as director and senior marketer of global equities in Tokyo. He will head a team of derivatives marketers that will primarily focus on marketing equity derivatives products to financial…
Two new board members for CBOE
Craig Messinger, executive vice president of Boston-based Fidelity Capital Markets, and Thomas Patrick, a managing director at Merrill Lynch, have been appointed to the board of directors of the Chicago Board Options Exchange (CBOE). They replace two…