News
ABN's Brushfield completes first CDO
The principal finance arm of ABN Amro, Brushfield Capital, has completed its first collateralised debt obligation (CDO).
Evolution expands into global merchant banking
Evolution Markets Financial Services, a subsidiary of environmental market brokerage Evolution Markets, is set to expand its range of activities across global merchant banking within the environmental, energy and clean energy sectors.
Nymex property sale report stokes merger rumours
Speculation that the New York Mercantile Exchange (Nymex) is undergoing merger negotiations with NYSE Euronext has grown following a report that the exchange is looking to sell its lower Manhattan headquarters.
CIT grows structured business in London
CIT Group, the New York-based commercial and consumer finance provider, has appointed two senior managing directors in its London office.
AIMA names new deputy chief executive
The Alternative Investment Management Association (AIMA) has named Andrew Baker as its new deputy chief executive.
House passes controversial energy bills
A controversial bill to re-direct $15 billion in oil-industry tax breaks towards renewable energy initiatives over the next decade has been passed in the US House.
ECX names new chief executive and chairman
The Amsterdam-based European Climate Exchange has named the former head of LCH.Clearnet, Patrick Burley, as its new chief executive.
New CFTC commissioners confirmed
The US Senate last week approved Jill Sommers and Bart Chilton as commissioners in the Commodity Futures Trading Commission (CFTC).
Liffe hires business development heads
Liffe, the derivatives subsidiary of Euronext, has appointed two business development directors as a result of the merger between Euronext and the New York Stock Exchange.
Morgan Stanley IM hires Kos to head sovereign arm
Dino Kos has joined Morgan Stanley Investment Management Asia in Hong Kong as head of central banks and sovereign wealth funds.
UBS replaces global head of fixed income
Andre Esteves has been appointed global head of fixed income at UBS after the departure of predecessor Simon Bunce.
Fortis expands commodities teams with UBS hires
Belgian-Dutch bank Fortis is expanding its commodity risk group with the hire of a metals team from UBS.
Bear Stearns president quits
Warren Spector, co-president and co-chief operating officer of Bear Stearns, has become the latest and highest-ranking casualty of the failure of two of the bank's hedge funds.
IMF warns against Mifid delays
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Algorithmics highlights the most influential op risk events of the past 15 years
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LSE launches consultation on changes to its rulebook
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White House pushes for futures fees
The Bush administration has asked the US House of Representatives to approve a proposed transaction fee on futures and options contracts.