News
Derivatives and the Italian inquisition
New angles
Investors seek out equity tranches
New angles
La Poste battles for top spot
New angles
What will Chicago do with the money?
New angles
Job moves
People
Revamp for US mortgage banks
New angles
Citigroup reorganises equity derivatives unit
Citigroup has promoted Richard Burns to global head of structured and retail equity derivatives.
Hong Kong securities watchdog issues report on mis-selling
Hong Kong securities industry watchdog, the Securities and Futures Commission (SFC), has issued a report that highlights the problem of mis-selling of financial products by investment advisers (IAs) and their lack of compliance with existing guidelines.
JP Morgan exotics exodus continues
JP Morgan Chase, which lost its head of exotics Chris French this month, has suffered two further defections from its team that won Risk’s ‘structured product award for innovation’ last year.
Prebon brokers walk
Prebon Yamane in Singapore has been rocked by the resignation of a large number of its broking staff. Over 50 employees including numerous senior brokers have left Prebon in the Lion City to join rival company BGC, the brokerage arm of Cantor Fitzgerald.
Barclays adds structured credit marketer
Barclays Capital, the investment banking division of Barclays Bank, has hired Jane Privett as a director within the UK institutional credit sales team.
Derivatives dealers focus on mid-caps
Derivatives dealers are focusing more on mid-cap corporates this year as an alternative to the arguably over-banked blue chip companies, say some market participants.
JP Morgan CDO marketer departs
Paul Horvath, co-head of European collateralised debt obligation marketing (CDO) at JP Morgan, has left the firm. The remaining CDO marketing co-head, Olrich Masek, will assume Horvath’s responsibilities. Horvath is thought to be joining Merrill Lynch in…
JP Morgan hires accounting specialist
JP Morgan, the US-based investment bank, has hired Suzanne Lloyd as a vice-president in the firm’s equity derivatives division.
Bank of America promotes Moulds
Bank of America (BoA) has promoted Jonathan Moulds to the position of international head of global markets, with a remit covering debt and equities in Europe and Asia.
Spectron to launch LPG web-trading platform
UK energy broker Spectron will launch an online trading platform for liquefied petroleum gas (LPG) on Tuesday (February 22). Spectron said the screen will be the first to allow the trading of LPG in both the east and west, as outrights or spreads, and…
Greenpeace protest at IPE fuels debate on emissions trading
Greenpeace’s invasion of London’s International Petroleum Exchange (IPE) on Wednesday was intended to draw attention to the environmental impact of ‘big oil’ on the day the Kyoto Protocol came into force. However, by attacking an exchange that is about…
Société Générale snares Geys
Société Générale has appointed Raphaël Geys as head of European fixed-income sales for financial institutions in London.
UK broker trade group to launch emissions indexes
The London Energy Brokers’ Association (Leba) will launch a series of ‘green indices’, which it says are designed as independent benchmarks for the European emissions market. The association will release both spot and forward indexes, with the aim of…
Greenpeace protesters storm IPE
Open-outcry trade in Brent and gas oil futures at London’s International Petroleum Exchange was halted for over an hour on Wednesday afternoon after 50 to 60 protesters from environmental group Greenpeace stormed the building.
DrKW becomes first foreign member of Warsaw Stock Exchange
Dresdner Kleinwort Wasserstein (DrKW) today became the first non-Polish financial institution to become a member of the Warsaw Stock Exchange. This will allow DrKW’s institutional clients to trade Polish stocks and derivatives from April 1.
DrKW appoints global head of FX derivatives
Dresdner Kleinwort Wasserstein (DrKW), the investment banking arm of Dresdner Bank, has hired Tim Carrington as its new global head of foreign exchange derivatives.
Barclays launches Barx in Asia
Barclays Capital has launched Barx, its online single-dealer interest rate swaps trading platform, in the Asia-Pacific. The electronic platform will enable the region’s investors to trade US dollar and yen interest rate swaps through their Bloomberg…