News
Citigroup adds metals trader in Asia
US bank Citigroup has continued to expand its Asia-Pacific commodities team with the hire of Russell Wheeler, who joins the metals trading team in Singapore, with joint responsibility for risk management in Asia.
Markit and Calypso join forces to speed up trade confirmations
London-based data provider Markit and San Francisco capital markets trading software company Calypso have announced that the US-based company will integrate Markit Trade Processing into its software platform.
Economic instability does not preclude banks from using IRB, finds FSI award winner
Valles’ paper on using a TTC rating system for credit risk allows developing countries to use IRB, even after a crisis.
Barcap buys stake in energy investment firm
Barclays Capital has purchased a 40 per cent stake in energy investment firm NGP Capital Management.
No merger for FPL Group and Constellation
FPL Group and Constellation Energy have terminated their plans to merge.
Lloyds TSB hires to push FX products
Lloyds TSB Corporate Markets has hired Katie Parker as an associate director of foreign exchange solutions. She will focus on selling foreign exchange and structured products to the telecommunications, media, technology and leisure sectors.
Dresdner Kleinwort hires in equity derivatives
Dresdner Kleinwort has appointed Iain Clamp as head of index equity derivatives trading, a newly created position based in London.
ABN hires to expand client coverage in Asia
ABN Amro has appointed George Koo as head of financial institutions and public sector. Koo joins from Barclays Capital, where he was the Asian head of the financial institutions group.
Deutsche appoints head of commodities
Deutsche Bank has appointed David Silbert as global head of commodities. Silbert replaces Mark Ritter, who moved internally to become chief operating officer of global credit trading earlier this year.