News
Frost quits JP Morgan Chase
Tim Frost, European head of credit sales and trading at JP Morgan Chase, has resigned to pursue other interests. Frost joined JP Morgan in 1995 and helped his firm become a dominant force in the fast-growing credit default swaps market. By the time of…
SunGard unveils new trading and risk management suite
SunGard Trading and Risk Systems (STRS) will next week unveil the first version of its Adaptiv trading and risk management suite.
UBS appoints derivatives specialist to head Asian equities
UBS has appointed Chi-Won Yoon, the bank’s Hong Kong-based managing director of equity risk management, as its new Asian equities head, following the relocation of former head, John Holland, to London last September.
Icap denies coal trading team departure
Icap Energy has denied its coal team is defecting to Prebon Energy. On Tuesday, Prebon issued a press statement saying three members of the Icap coal team were joining the broker to strengthen its presence in coal markets.
TXU trading head resigns
VJ Horgan, president of TXU Portfolio Management, a subsidiary of Dallas-based TXU Energy, has resigned from the company "to pursue other interests".
EDF replaces head of trading division
Francis Hervé, chief executive of EDF Trading, the London-based trading arm of French electricity company EDF, was replaced by his former deputy director Michel Franconi on March 1.
BarCap snares CSFB distribution head
Guglielmo Sartori d’Borgoricco is set to join Barclays Capital, the investment-banking arm of UK-based Barclays Bank, from rival Credit Suisse First Boston. It is expected he will become managing director and head of distribution for the UK and…
Insurance industry struggles to cope with ERM implementation
Insurance companies understand the importance of risk management, but are struggling to cope with the implementation of enterprise-wide risk management (ERM) systems, according to a survey published by PricewaterhouseCoopers (PWC) today.
SEC rule on broker-dealers must be equivalent to the EU Directive on Financial Conglomerates, says SIA
The Securities Industry Association (SIA) has urged the Securities and Exchange Commission (SEC) and the US Department of Treasury to ensure that the proposed rule on the Alternative Net Capital Requirements for Broker-Dealers that are part of…
Dembo steps away from CEO role as Algo secures new financing
Ron Dembo, founder and chief executive of Toronto-based technology vendor Algorithmics, is to step away from his day-to-day running of the company to assume the role of chairman. The move comes as Algorithmics secured new financing from its main…
Icap coal team jumps ship
Icap’s entire London-based coal team is defecting to rival broker Prebon Energy.
SunGard unveils new trading and risk management suite
SunGard Trading and Risk Systems (STRS) will next week unveil the first version of its Adaptiv trading and risk management suite.
Lehman hires Tilroe for European derivatives marketing push
New York-based Lehman Brothers has hired Jason Tilroe as managing director heading up marketing of fixed-income derivatives to corporate and public sector clients in Europe. It is a new position created by the bank’s expansion in European derivatives…
Insurance industry struggles to cope with ERM implementation
Insurance companies understand the importance of risk management, but are struggling to cope with the implementation of enterprise-wide risk management (ERM) systems, according to a survey published by PricewaterhouseCoopers (PWC) today.
Dembo steps away from CEO role as Algo secures new financing;
Ron Dembo, founder and chief executive of Toronto-based technology vendor Algorithmics, is to step away from his day-to-day running of the company to assume the role of chairman. The move comes as Algorithmics secured new financing from its main…
Deutsche Bank realigns Asian institutional client group
Deutsche Bank has made a number of management changes to its institutional client group (ICG) in Asia and Australia.
DrKW shuffles Asian credit business
Dresdner Kleinwort Wasserstein (DrKW) has transferred Mike Gordon and Carlos Cala from Tokyo to Singapore in an effort to balance its credit business resources between the two cities, according to an official at the bank in Tokyo.
NYCC to offer CLS services
Two firms have signed up for the new continuous-linked settlement (CLS) service of the New York Clearing Corp (NYCC), the clearing house for the exchange markets of the New York Board of Trade (Nybot), reports RiskNews ' sister publication Trading…
BNP Paribas creates credit arbitrage team
BNP Paribas is setting up a global credit arbitrage team, with Stéphane Delacote, previously Tokyo-based head of credit trading and derivatives for Asia-Pacific at the French bank, moving to London to head up the new division.
Rhodia in a corner
News
