News
Deutsche and VTB launch CIS corporate CDO
Deutsche Bank and VTB Bank Austria have launched a collateralised debt obligation (CDO) based on corporate debt from member countries of the Commonwealth of Independent States (CIS).
RBS names Capp as leveraged capital markets head
Royal Bank of Scotland Global Banking and Markets has named Eric Capp as head of leveraged capital markets for Europe and Asia.
Canada and Australia risk banking crisis, Fitch says
Canada and Australia are running the risk of a banking crisis of the type that hit Iceland in 2006, according to a report from Fitch Ratings.
Deutsche hires securitisation head for Asia ex-Japan
Gregory Park has joined Deutsche Bank as the Hong Kong-based managing director and head of securitisation for Asia excluding Japan.
BarCap names corporate risk chief
Christopher Rees has joined Barclays Capital as head of corporate risk advisory for Scandinavia, Benelux and Switzerland, a newly created post.
Channel Capital launches CDPC
London-based asset management company Channel Capital Advisors is preparing to launch a new credit derivatives product company (CDPC).
HDFC Bank chooses Misys for rates derivatives
HDFC Bank in India will adopt Misys Summit to process interest rate and currency derivatives. The system is scheduled to go live at the end of this year.
Lehman Brothers takes financial officer from Deutsche Bank
Andrew Wright, global chief financial officer for Deutsche Bank’s private client and asset management division, as well as regional CFO for continental Europe, is to move to Lehman Brothers.
CPSS: OTC settlements good, but still room for improvement
Systems for the clearing and settlement of over-the-counter (OTC) derivatives trades have strengthened over the past few years, but further progress is needed to reduce risk, according to a Committee on Payment and Settlement Systems (CPSS) report issued…
Rabobank names fund and equity derivatives heads
Rabobank has appointed a new team to manage its global equity and fund derivatives business.
BIS: highest CDO issuance ever but slowed overall derivatives trading
Global issuance of funded collateralised debt obligations (CDOs) reached a record $489 billion in 2006, showing strong investor interest in structured products. Synthetic CDO issuance also surged last year, doubling to $450 billion from 2005 issuance…
ABN Amro names German fixed-income capital markets head
ABN Amro has named Richard Zirps head of fixed-income group capital markets for Austria and Germany.
Juice Energy secures investment
Recently formed US power retailer Juice Energy has announced that it has secured significant capital commitments from a high-calibre group of investors.
First cleared Belgian OTC power trade
The first cleared over-the-counter Belgian electricity trade was concluded this morning, brokered by energy broker Spectron