News
RBC loses two commodity seniors to DrKW
Dresdner Kleinwort Wasserstein (DrKW) has hired two senior executives from Royal Bank of Canada (RBC) to join its commodities desk in London.
UBS, Diapason to launch first biofuels index
Swiss bank UBS and Swiss commodity firm Diapason Commodities Management Investors are to launch the first commodity-based index for biological fuels.
CalPERS picks AlphaEngine for currency group
CalPERS, the largest pension fund in the US, has picked Mcube's AlphaEngine software to support its currency investment team.
DTCC continues post-trade processing push
The Depository Trust & Clearing Corporation (DTCC) has appointed Gina Ghent as a vice-president for business development. Ghent will be responsible for expanding the New York-based clearance and settlement firm’s over the-counter derivatives post-trade…
Bank of America takes on HSBC metals group
Bank of America has recruited Peter Merritt to head a new metals trading team. Merritt, previously head of global metals at HSBC, will bring a team of metals traders and marketers with him from HSBC to Bank of America's New York office.
BarCap takes eFX options trading to the next level
Barclays Capital has become the first dealer to launch live two-way streaming tradable prices for FX options, which will be rolled out to its clients during the coming months on its proprietary platform Barx.
S&P expects more sub-investment grade sovereign issuance
Standard & Poor’s (S&P) expects a growing number of emerging market sovereigns to request ratings in the near term. This follows new ratings assigned to Georgia (B+), Sri Lanka (B+) and Nigeria (BB-).
BNP Paribas hires Hervella for LatAm structuring role
Francisco Hervella has joined BNP Paribas as a New York-based director and senior Latin American structured products marketer in the equity and derivatives sales group. He reports to Nick Kello, US head of equity and derivatives sales for financial…
Abner named head of ETF trading at BNP Paribas
BNP Paribas has recruited David Abner as head of exchange-traded fund (ETF) trading in New York.
Tullett appoints head of equity options
Inter-dealer broker Tullett Prebon has appointed Simon Drake as director of equity options in its new London-based volatility division.
Bear Stearns names risk chiefs
Investment bank Bear Stearns has named Michael Alix as chief risk officer and Robert Neff as his deputy.
Nordea books loss over hedge mistrade
A trader's error last December cost Nordic bank Nordea €20 million, the bank has admitted.
SG names new deputy head of alternative investment sales
Société Générale Corporate and Investment Banking (SGCIB) has appointed Tom Doyle as deputy head of alternative investment sales for its equity derivatives operation.