News
SEC names new market regulation chief
Securities market expert Erik Sirri is to join the US Securities and Exchange Commission (SEC) as director of the market regulation division.
Citigroup rebuilds Asia commodities team
Citigroup has made several recent hires to its Asia commodities team in Singapore, mostly on the energy side. The US bank has been looking to add to the division since the departure to Merrill Lynch in April 2005 of commodities head Mark Long and most of…
Wachovia recruits new CDO distribution head
Wachovia Securities has hired Asif Khan in New York as its head of global structured credit product distribution
Barclays appoints European FX sales head
Barclays Capital has appointed Richard Longmore as managing director and head of European foreign exchange sales.
Cathay Pacific rides out high fuel costs
Cathay Pacific’s net fuel expenses rose by only 12.2% to HK$5.89 billion ($757 million) in the first half of 2006, compared with the same period last year, thanks to a stronger fuel hedging position. This was despite a 28.5% increase in the “average into…
Forex trader faces possible execution
A Vietnamese bank employee faces possible execution in Vietnam after losing some $5.4 million in allegedly unauthorised proprietary trading.
SEC proposes relaxation of Sarbox for foreign firms
The Securities and Exchange Commission (SEC) of the US has proposed a relaxation of the Sarbanes-Oxley rules, allowing foreign companies listing on US exchanges an extra year to comply with the regulations.
SEC goes after stock option 'fraud'
The US Securities and Exchange Commission (SEC) has charged three executives with fraud over a long-running option backdating plan.
DeAM appoints global head of alternative investments
Deutsche Asset Management (DeAM) has appointed Charles Leitner as global head of alternative investments. Leitner, who starts on September 1, will be responsible for all DeAM’s alternatives asset classes, which include real estate, infrastructure and…
Allianz Global Investors appoints Asia-Pacific head
Allianz Global Investors today appointed Douglas Eu as its chief executive for Asia-Pacific, replacing Bruce Kho, who moves to the newly created position of chairman for Asia-Pacific.
In Brief:
BIS releases progress report on emerging economies
SEC decides not to appeal hedge fund setback
Christopher Cox, the chairman of the US Securities and Exchange Commission, will not appeal against a court decision limiting the regulator's ability to supervise hedge funds.
Merrill hires Shenk in Japan
Merrill Lynch’s prime brokerage operation has hired Scott Shenk to head its Pacific Rim listed futures and options business in Tokyo.
RBS appoints COO for Asia-Pacific
The Royal Bank of Scotland (RBS) has appointed Mike Kirby as chief operating officer for Asia-Pacific within its global banking and markets (GBM) business.
In Brief:
CEIOPS releases progress report on supervisory convergence
Gladwin moves to Lehman Brothers
Richard Gladwin has started in his role as global head of foreign exchange at Lehman Brothers in London. The appointment follows a three-month sabbatical since he left his post as head of forex derivatives at Barclays Capital on April 21.
ABA backs use of Basel II standardised approach in US
The American Bankers Association (ABA) says the standardised approach to Basel II should be included as an option for financial services firms in the Notice of Proposed Rulemaking (NPR), and that banks should be granted a choice over which methodology…