News
Lehman names Italy chief and new head of European fixed-income sales
Lehman Brothers has named Riccardo Banchetti as chief executive for Italy.
Russian bank launches first local CDO
Bank Zenit in Moscow has launched what it said is the first collateralised debt obligation (CDO) to be backed by Russian local corporate debt.
Singapore Exchange to license Topix indexes
The Tokyo Stock Exchange (TSE) has agreed to license Topix-related indexes to the Singapore Stock Exchange (SGX) to create derivatives and exchange-traded fund products.
SG partners with Kookmin Bank on commodity derivatives business
French bank Société Générale (SG) and South Korea’s Kookmin Bank have entered into a partnership to expand the commodity derivatives market in Korea.
Nybot members support Ice merger
Members of the New York Board of Trade (Nybot) have voted overwhelmingly in favour of a proposed merger with IntercontinentalExchange (Ice).
BNP Paribas hires regional head of structured product sales
Stéphane Goursat has been named head of structured products sales at BNP Paribas for the UK, Ireland and South Africa.
CBOE names Griffith new vice-chairman
The board of directors of the Chicago Board Options Exchange (CBOE) has announced Bradley Griffith will serve as its vice-chairman in 2007.
Hong Kong exchange re-appoints chief, sets out strategic plan
Hong Kong Exchanges and Clearing (HKEx) today renewed Paul Chow’s contract as chief executive for a further two-year term from May 1, 2007 to April 30, 2009. The move follows the exchange’s announcement last Thursday (December 7) of its strategic plan…
Shell makes Sakhalin-2 offer to Gazprom
Shell has reportedly offered Russian gas giant Gazprom a controlling stake in the Sakahalin-2 oil and gas exploration project. The offer was made during discussions between Shell’s chief executive Jeroen van der Veer and Alexei Miller, chairman of…
FASB suggests more in-depth derivatives reporting
The US Financial Accounting Standards Board (FASB) has issued a proposal for more rigorous reporting of derivatives in financial statements.
Head of portfolio management leaves Primus
Charles Truett, head of portfolio management at New York-based credit derivatives company Primus Guaranty, is retiring at the end of March.
Head gas trader quits JPMorgan
The head natural gas trader for JPMorgan has resigned after being asked to leave the investment bank, sources close to the situation said Friday.
CO2 venture launches in US
Blue Source, a US-based company which invests in carbon reduction projects and supplies offsets, has teamed up with private equity firm First Reserve to create the first US venture to reduce CO2 emissions across the energy, manufacturing and…
First moves on diamond derivatives
UK-based diamond market data provider Polished Prices, with New York-based news service Bloomberg and three international banks, has published a discussion paper on developing a market for diamond derivatives.