News
Primus hires McLendon
Primus Guaranty, a credit derivatives boutique, has hired Charles McLendon as president of asset management - a newly created role at the company.
GlobalCoal wins injunction against Icap
The Court of Appeal in London today awarded GlobalCoal an interim injunction against Icap Energy in a dispute over an alleged breach of GlobalCoal’s product licence agreement (PLA), pending trial. GlobalCoal may now seek damages.
Barclays Capital prises Shelton from Citigroup
David Shelton has quit his position as a director in Citigroup’s global credit derivatives research unit in London, and is to join Barclays Capital.
Facing the Four Risks
CIOs must prepare for threats that could spell disaster for their firms, so how can they survive in dangerous waters?
BIS reports record year for exchange-traded derivatives
Demand for exchange-traded futures and options contracts reached an all time high last year with annual turnover up 22% on 2004, according to the latest quarterly data released by the Bank for International Settlements (BIS).
UBS, Diapason launch first biofuels index
Swiss bank UBS and Swiss commodity firm Diapason Commodities Management Investors launch the first commodity-based index for biological fuels.
DrKW expands London forex team
Dresdner Kleinwort Wasserstein (DrKW) has hired five senior staff for its London-based foreign exchange business.
CDS IndexCo and Markit launch synthetic US CMBS index
CDS IndexCo and Markit have launched CMBX, a range of synthetic credit default swap (CDS) indexes of US commercial mortgage-backed securities (CMBS), which will trade from today.
BIS review reports record highs in emerging markets
The Bank for International Settlements (BIS) has today released its quarterly review, International Banking and Financial Market Developments. The report found that emerging markets have reached record highs earlier this year, a direct result of the…
Tullett to publish property derivatives prices online through Propex
Tullett Prebon Information has teamed up with Propex to publish pricing information on its property derivatives products.
Air India starts fuel hedging
Air India has become the first airline in India to hedge its jet fuel price risk, using commodity derivatives contracts at the end of February for the first time.
Reuters adds China data
Reuters has added research reports along with fundamental and business intelligence data related to 1,400 listed companies in China to its research and asset-management content service.
Goldstein to head BNP options sales
BNP Paribas has hired Daniel Goldstein to head hedge fund option sales in London.
Bank of America loses credit correlation trading head
Alexandre Bernand, the London-based global head of credit correlation trading at Bank of America, has resigned.
Asia’s wealth markets to achieve double-digit growth, says Barclays
A survey by Barclays Capital has predicted that Asia's top wealth management markets will grow by up to 17% a year over the next three years.
FSA slaps £750,000 fine on GLG and its former trader
The UK's Financial Services Authority (FSA) hit London-based hedge fund, GLG, and its former senior trader, Philippe Jabre, with a fine of £750,000 each on Wednesday for market abuse.
RBS makes high-yield appointment
Royal Bank of Scotland has hired Kevin Connell as vice-president in its high yield capital markets group in London. He will be involved in both corporate and sponsor-related high yield transactions, in which he will provide origination and execution…
Xinhua Finance to acquire risk management firm
Chinese financial information provider Xinhua Finance is looking to acquire Beijing Alpha Financial Engineering, a leading risk management systems developer in China, by acquiring all the company's shares from its two equity holders.
Moody's KMV launches RiskCalc Germany
Moody's KMV has launched a new German version of its RiskCalc credit assessment software.
BarCap appoints its first commodities head for Asia
Barclays Capital is looking to increase commodity sales in Asia after appointing Russell Norton to be its first-ever head of commodities for the region. He will be based at the bank's commodities trading hub in Singapore.
Indian NPA securitisations to grow, says Fitch
India’s non-performing asset (NPA) securitisation market is set to grow from present levels, according to a report by Fitch Ratings. This will help the sub-continent’s banks to resolve over IRp600 billion ($13.5 billion) of NPAs sitting on their balance…
Corrigan: progress made on credit derivatives, more work to be done
Speaking after a symposium organised by the Counterparty Risk Management Policy Group II (CRMPG II) yesterday in New York, Gerald Corrigan, a New York-based co-chairman of Goldman Sachs's firm-wide risk committee and chairman of the industry group, said…