News
Iberdrola moves to spread its influence in Europe
Spanish utility Iberdrola is taking steps to expand its trading and supply activities in Europe, particularly in Portugal, given that the joint Iberian power market is scheduled to open in March 2005.
Crosspoint Ventures bids $190 million for Anadarko Canada assets
Crosspoint Ventures, the US global private equity and venture capital firm, has submitted an offer of $190 million to buy one of Canada's largest oil and gas operations from Anadarko Canada Corp., a subsidiary of Houston-based Anadarko – the eighth…
PNC Financial Services appoints market risk officer
Pittsburgh-based PNC Financial Services has appointed Aleem Gillani to the position of vice-president and chief market risk officer, based jointly in New York and Pittsburgh.
Deutsche makes Tokyo appointment
Deutsche Securities, a subsidiary of Deutsche Bank, has promoted Henry Ritchotte to head of global markets, Japan.
Bank of America hires in Japan
Bank of America has made two new appointments in Japan as part of an effort to boost its investment and risk management businesses in the country.
GFI launches electronic credit derivatives trading platform
Inter-dealer broker GFI has completed the first stage of its rollout of CreditMatch, its electronic trading platform for credit derivatives.
Outsourcing paper published
The Joint Forum and the International Organization of Securities Commissions published Outsourcing in Financial Services in early August.
Deutsche Bank makes appointments in structured and investment products team
Deutsche Bank has made two appointments to its structured and investment products team, part of the global equities department, in its New York office.
LCH Clearnet launches OTC clearing for UK gas and power
London-based clearing house LCH Clearnet today launched its new clearing service for over-the-counter (OTC) contracts for UK national balancing point natural gas and UK peak and baseload power contracts.
Isda readies inflation documentation
An increase in the use of inflation derivatives has prompted the International Swaps and Derivatives Association to set up a task force to develop standardised documentation for transactions. The first draft of the documentation has been completed and…
China's Tiantong Asset Management launches principal guaranteed fund
China’s Tiantong Asset Management has launched a three-year principal guaranteed fund, the third guaranteed fund to be launched in the Chinese market.
China's Tiantong Asset Management launches principal guaranteed fund
China’s Tiantong Asset Management has launched a three-year principal guaranteed fund, the third guaranteed fund to be launched in the Chinese market.
ABN continues BNP raid
ABN Amro has hired five senior energy derivatives executives, two of whom join from BNP Paribas. The move comes just three months after the Dutch bank poached Wayne Harburn and Vincent Chevance from French rival BNP. The pair now serve as global head of…
ABN Amro expands global commodity derivatives team
Dutch bank ABN Amro has made five appointments to its global commodity derivatives team in both the London and New York offices.
Cantor Fitzgerald to spin off its global voice brokerage business
Cantor Fitzgerald will spin off its global voice brokerage business as a new company, BGC Partners, effective from October 1 this year.
Non-G10 countries to implement Basel II over 2007-09
South Africa has set January 1, 2008 as the implementation date for the new Basel Accord, also known as Basel II, according to Carel Oosthuizen, the head of Basel II implementation at the South African Reserve Bank.
Citi trades prompt MTS limits
Citigroup ignited a major market movement in the European government bond markets last week, prompting electronic execution platform provider MTS to implement temporary limits on orders, an industry source familiar with the situation told RiskNews’…
BNP Paribas snares Chicago sales head
BNP Paribas has hired Matthew Schultheis as director and head of sales for its Chicago office.
Morgan Stanley Investment Management hires chief risk officer
Morgan Stanley Investment Management (MSIM) has hired Kenneth Winston as managing director and chief risk officer, reporting to the company’s president and chief operating officer, Mitch Merin.
User Choice winners revealed
Energy Risk's first User Choice Awards have been a tremendous success, with over 450 valid votes showing which vendors and data providers are the preferred suppliers to the energy industry in 2004.
EnergyCurves to market North American energy data
Four energy brokers have formed a Houston-based company called EnergyCurves to provide North American power and gas data services to the energy markets. The initial EnergyCurves products will be forward price curves for the North American gas and power…
Nymex and Shanghai Futures Exchange look to work together
The New York Mercantile Exchange (Nymex) and the Shanghai Futures Exchange (SHFE) have signed a memorandum of understanding to explore potential areas of cooperation which they say could mutually benefit the memberships of both exchanges.
Shanghai Futures Exchange signs MoU with Nymex
The Shanghai Futures Exchange (SHFE) has signed a memorandum of understanding (MoU) with the New York Mercantile Exchange (Nymex) to explore potential areas of cooperation for the mutual benefit of both exchanges.
Barclays Capital builds up global interest rate derivatives desk
UK-based investment bank Barclays Capital has made two new appointments to its interest rate derivatives desk in London to focus on exotic products. Both will take up their posts in September.