Feature
Habib parts company with Lehman Brothers
Adam Habib, managing director and head of equity structured retail products at Lehman Brothers in London will leave the bank at the end of this month to pursue his own business interests after reaching a final agreement on Friday June 13.
Barclays lists currency revaluation ETN
Barclays Capital has listed a new exchange traded note (ETN) on the Arca platform of the New York Stock Exchange. The Asian and Gulf Currency Revaluation ETN is linked to the performance of five different currencies pegged to the US dollar which could…
Fuhr parts company with Morgan Stanley
Morgan Stanley has disbanded its investment strategies team, which included ETF (exchange traded funds) managing director Deborah Fuhr. The team covered the investment and execution of delta one products, such as ETFs, and was broken up on May 16. Fuhr…
CEBS reports on bank transparency and illiquid product valuations
Daily news headlines
Lecler appointed for alternatives
Olivier Lecler has been appointed chief executive officer of SGAM Alternative Investments, effective June 1, 2008. Lecler joined Société Générale Group in 1996 as Strategic Studies Manager in the Finance and Development Division and in 1999 was appointed…
ETF Securities expands team in Germany, UK and Ireland
ETF Securities has bolstered its sales team by appointing Nigel Longley as Sales Director based in Frankfurt, where he will join Tim Harvey and Michael Geister in covering the German and Austrian markets. Longley will report to Hector McNeil, managing…
NatWest International launches third edition of Autopilot
NatWest International Personal Banking (IPB) has unveiled a third edition of Autopilot, its capital guaranteed structured deposit account.
Mekhail to head Gatehouse Wealth
Mourad Mekhail has been appointed managing director of Institutional Wealth Management at Gatehouse Bank, the sharia-compliant wholesale investment bank. Mekhail reports directly into Ewa Gracey, Head of Distribution.
NDFA releases latest Twin Option Kick Out plan
NDFA has launched the latest version of its Twin Option Kick Out Plan June ’08, with a choice of two investment options. The FTSE 100-linked product potentially yields 10.5% per year, while the product linked to the FTSE 100 and Nikkei 225 indexes offers…
Merrill, UBS and SG score highest in Thomson Reuters Extel survey
Merrill Lynch, SG and UBS scored best in the Derivatives and Convertible for Europe conducted by Thomson Extel for the year before June 2008. The leading pan-European brokerage firm for equity and equity-linked research was UBS, followed by Merrill, with…
Calyon chooses Caplin Trader
Calyon, the investment banking arm of Credit Agricole, has selected Caplin Trader as the basis for its new online single-dealer portal for fixed income trading. The trading system, developed by technology vendor Caplin Systems, is intended to complement…
DekaBank opts for SunGard system
German bank and asset manager DekaBank has deployed SunGard’s Asset Arena Compliance system, including the Ucits III country specific rules, in a bid to expand structured product and derivative coverage for Germany and Luxembourg.
Deutsche Bank offers commodity-linked ETN exposure
Deutsche Bank and Invesco Powershares have launched eight exchange traded notes (ETNs) on the Arca platform of the New York Stock Exchange. Four will be linked to the performance of industrial metals, while the remaining notes will track crude oil price…
Rockefeller and SG Private Banking link up
Wealth management firm Rockefeller Financial Services and SG Private Banking will work together to service ultra high net worth individuals and family offices around the world. Both companies will also continue their own ongoing business activities.
Hang Seng launches China index
Index provider Hang Seng Indexes has launched the Hang Seng China 50 index which is designed to provide a cross-market benchmark of the 50 largest companies listed on the Hong Kong and mainland China stock exchanges. It has also launched a series of…
HSBC makes 10 with new ETN issue
HSBC USA has launched its first exchange-traded note (ETN), bringing the total number of issuers in the US market to 10. The bank’s Elements ETN will be linked to the performance of the total return version of S&P’s Commodity Trends Indicator (CTI).
Lehman launches Enhanced Returns plan issue 5
Lehman Brothers has unveiled the fifth issue of its Enhanced Returns plan, which offers the highest rates in the series so far. The plan, which is 100% capital protected, is linked to the FTSE 100 index and provides two investment options: a fixed return…
Barclays optimises Eastern Europe exposure
Barclays Wealth has added a new option offering Eastern European exposure to its Emerging Markets Optimiser product. The original product, launched at the end of January, was linked to the performance of the iShares MSCI Emerging Markets Index exchange…
ETF Securities launches 66 short and leveraged ETCs on Deutsche Börse
ETF Securities has launched 66 short and leveraged exchange-traded commodities (ETCs) on Deutsche Börse Xetra, creating a world first for listed access to a platform of short and leveraged commodity indexes via ETCs. The 33 short and 33 leveraged ETCs…
Nasdaq OMX launches Mid-East and North Africa index
Index provider Nasdaq OMX has launched the Nasdaq OMX Middle East North Africa index which is designed to provide exposure to the largest and most liquid companies domiciled in the Mena region. ETF provider Powershares Capital Management will launch an…
Latham & Watkins hires derivatives expertise
Latham & Watkins has appointed Witold Balaban as a partner in its corporate department, who leaves rival New York firm Davis Polk and Wardwell to take the role. Balaban's role at Latham will see him focus on both equity derivatives and cross-border…
Deutsche Bank hires Victor Chao in Taiwan
Deutsche Bank Private Wealth Management has appointed Victor Chao as head of private wealth management, Taiwan. Chao, who is based in Taipei, will be responsible for managing and overseeing the franchise in Taiwan and will report to Kenneth Toong, head…
ABN upbeat on US dollar
ABN Amro has launched two capital protected notes in Germany which are designed to provide exposure to the appreciation of the US dollar against the euro. The notes are targeted at investors anticipating a move towards a sustainable US base interest rate…
TechHackers launches structured products suite
Technology vendor TechHackers in New York has launched a Structured Products Suite to its @nalyst Excel Spreadsheet Add-Ins. The vendor is a subsidiary of fixed income electronic trading platform and software provider BondDesk.