News
Probitas Partners hires new principal
Adam Frieman has joined California-based liquidity and portfolio management services firm Probitas Partners as a principal.
ABN Amro makes loan appointments
Dutch bank ABN Amro has appointed three new staff to its loan syndicate, sales and trading team.
AXA IM appoints UK head
Paris-based Axa Investment Managers (Axa IM) has appointed Martin Hall as head of Axa IM UK, effective from June. He will be based in London and report to Nathalie Boullefort-Fulconis, global head of sales, marketing and client services at Axa IM.
Eurex to launch UK equity futures
Frankfurt-based derivatives exchange Eurex plans to list 17 sterling-denominated single-stock futures in May.
US employers reduce employee stock options
US companies are reducing stock option plans in favour of other types of compensation, according to Connecticut-based financial research firm Greenwich Associates.
Exchange-traded credit derivatives disappoint
The world’s first exchange-traded credit derivatives, which were listed by Frankfurt-based Eurex on March 27, have posted lacklustre trading volumes, with only one major dealer making markets in them.
FPP expands Ukrainian investment-management team
Fabien Pictet & Partners (FPP), a London-based fund-management company, has recruited Daniel Rutz to head its Ukrainian investment-management team.
RBS appoints credit derivatives structurer
The Royal Bank of Scotland (RBS) has hired Marc Freydefont as senior credit derivatives structurer.
ISE announces succession plan
The International Securities Exchange (ISE) has announced its senior management succession plans, following the news that David Krell, president and chief executive, will retire on January 1, 2008.
DBRS strengthens EMEA structured finance group
Toronto-based ratings agency DBRS has appointed Niclas Sandstrom to its structured finance quantitative group in London. His appointment continues the growth of DBRS’s Europe, Middle East and Africa (EMEA) team.
Dresdner Kleinwort makes forex hires
Dresdner Kleinwort, the investment banking arm of Dresdner Bank, has made a number of new additions to its foreign exchange team.
Calyon bolsters global high-yield team
Calyon has added to its global high-yield team by hiring David Weinstein and Stephen Elliott.
Macquarie Cook Power begins trading
The Macquarie Group, a global financial services firm, today announced the commencement of trading by Macquarie Cook Power, an electricity trading and marketing company servicing the US energy market.
UK RMBS market remains buoyant
The UK residential mortgage-backed securities (RMBS) market is not expected to experience the same problems that that have blighted the US subprime mortgage market over the past few months, according to analysts from Fitch Ratings.
Commodities to become a core asset class, FSA predicts
The UK Financial Services Authority (FSA) predicts commodities will become a core asset class for all diversified portfolios.