News
SSgA expands alternative strategies capabilities
State Street Global Advisors (SSgA) has unveiled a major expansion of its alternative strategies capabilities through several new initiatives, including the broadening of its absolute return strategies, new hires and entering into a licence for dynamic…
Citigroup sets up inflation trading team
Citigroup has hired five senior bankers to form a European inflation products team. The team, which is within the European rates trading arm of the bank, will be headed by Sebastien Goldenberg, managing director and head of inflation trading.
Rabobank forms US-based equity and fund derivatives team
Rabobank International has formed a New York-based equity and fund derivatives team within its global financial markets (GFM) group.
Perlman to lead Deutsche Bank’s US prime brokerage effort
Deutsche Bank Securities has hired Craig Perlman as managing director and US head of client service for prime brokerage within its global markets division.
Dow Jones and AIG launch commodity forward indexes
Dow Jones Indexes and AIG Financial Products have launched three new versions of the Dow Jones–AIG Commodity Index.
Derivatives and structured products up 53% in 2005, says Hong Kong’s SFC
Investments in derivatives and structured products by fund managers in Hong Kong grew 53% in 2005 to HK$29.5 billion ($3.8 billion) from HK$19.2 billion in 2004, according to the Securities and Futures Commission’s (SFC) ‘Fund Management Activities…
Trade associations slam UK regulator's proposals for benchmarking
The UK Financial Services Authority’s (FSA) proposals for using benchmarking for over-the-counter derivatives and structured products have been roundly criticised by the International Capital Market Association (ICMA), the International Swaps and…
In Brief:
EC adopts Level II implementing measures to money laundering directive BIS begins triennial central bank survey
TFS sets up dry freight brokerage
Interdealer brokerTradition Financial Services (TFS) has announced the creation of TFS Freight, a dry freight brokerage group based in Stamford, Connecticut.
Noble signs India emissions deal
Noble Carbon Credits, part of global supply chain manager Noble Group, has signed a series of long-term certified emission reduction (CER) contracts with India¹s Gujarat Fluorochemicals (GFL).
GlobalView adds TFS, ICAP, CBOT to data offerings
Chicago-based data management company GlobalView has increased its data offerings to include data from brokerage Tradition Financial Services (TFS), an increased offering from ICAP, and futures data from the Chicago Board of Trade (CBOT).
TFS to broker oil in Dubai
TFS has become the first interdealer broker to open a desk in Dubai, where it will initially cover precious metals, but also plans to broker oil, freight and financial instruments.
OpRisk Advisory beefs up op risk with Lawrence hire
US-based consultancy firm OpRisk Advisory has recruited David Lawrence from Citigroup as a new executive director.
Lehman Brothers appoints new Indian head
Lehman Brothers has relocated one of its most senior employees, Tarun Jotwani, from Europe to Mumbai to head its Indian operations. Jotwani will leave his role as European co-head of fixed income to become chairman and chief executive of Lehman Brothers…
Cantor hires Barnard as chief financial officer
Cantor Fitzgerald has today appointed Douglas Barnard as chief financial officer.
Credit Suisse reorganises to promote structured retail products
Credit Suisse has launched a new structured retail products (SRP) platform as part of a global retail initiative that aims to integrate equity and fixed-income retail products.
Russon takes leading role at South Africa’s Absa Capital
South African investment bank Absa Capital has appointed Charles Russon as its chief financial officer.
Grant Thornton makes strategic risk management appointment
Accountancy firm Grant Thornton has today appointed Sandy Kumar as a director of its risk management practice.