News
ABN Amro hires Murray to head European hedge fund sales
ABN Amro has hired Dean Murray in London as European head of hedge fund sales within in its derivatives solutions group. He has already left Bear Stearns, where he helped set up the equity flow sales desk.
Bear Stearns builds up forex presence in Hong Kong and New York
Bear Stearns has made senior appointments in Hong Kong and New York to increase its capabilities in foreign exchange derivatives and servicing hedge fund clients.
Deutsche B ö rse may bid for Italian exchange
Deutsche B ö rse may bid for Borsa Italiana, in an attempt to woo the Italian exchange away from its merger talks with Euronext.
SG names Seyer as new chief of Lyxor
Société Générale has appointed Laurent Seyer as the new chief executive of its asset management arm Lyxor. He takes over from Eric Personne, who will join the alternative exotic trading desk in the French dealer’s corporate and investment banking…
Deutsche Borse renews bid for Euronext
Deutsche Borse has issued a revised offer for Euronext, allowing the European exchange more independence after a possible merger.
CME to launch renminbi futures in August
The Chicago Mercantile Exchange (CME) is to launch futures and options on futures on renminbi exchange rates against the US dollar, euro and the yen. The contracts will begin trading on August 27, CME officials told reporters at the opening of the CME…
Ferguson to run Swiss Re Americas
Roger Ferguson, who resigned as vice-chairman of the Federal Reserve in January, is to join Swiss Re as chairman of Swiss Re Americas.
Byers leaves UBS for Calyon structured credit role
Paul Byers has joined Calyon as head of structured credit sales for Europe and the Middle East in London. He joins after 13 years working for UBS, where he was most recently responsible for structured credit sales in the German and Austrian markets.
SuperDerivatives recruits online trading head from Credit Suisse
London-based option trading software provider SuperDerivatives has named Moshe Feintuch as head of its new online trading division.
Deutsche Bank adds two to pensions group
Deutsche Bank has added two actuaries to its European insurance and pensions group in London. Paul Stanworth has moved from Royal Bank of Scotland, where he was head of insurance asset and liability management; while Norman Peard is moving from the…
Dresdner Bank names European derivatives sales head
Dresdner Kleinwort Wasserstein has named Marc Michallet as head of its European financial solutions group, based in London.
BarCap opens online structured note trading
Barclays Capital has started offering online trading in equity structured notes to customers worldwide.
European Parliament approves modified draft for Mifid
The European Parliament has voted in favour of the resolution of the Committee of Economic and Monetary Affairs that approves the most recent draft implementation measures for the Markets in Financial Instruments Directive (Mifid).
Lipton joins Merrill Lynch to head real estate analytics
Alexander Lipton has joined Merrill Lynch as global head of credit, real estate, structured products analytics.
Cost cutting prompts departures at West LB
German commercial bank West LB is to close its trading operations in London as it transfers more of its business to Düsseldorf. The decision to cut costs has already led to two senior departures at the bank.
China Construction Bank makes top-level appointments
China Construction Bank has appointed Pang Xiusheng as chief financial officer and Zhu Xiaohuang as chief risk officer. The two new positions are part of a major revamp of the bank’s risk management structure, and both will take up their posts…