News
Davies resigns from Bear
Mark Davies has resigned from his position as New York-based head of global credit trading at Bear Stearns.
Cameron ousted in ABN Amro reshuffle
Niall Cameron, previously head of traded markets at ABN Amro in London, has left his post as part of a reshuffle by the head of global markets, Gary Page.
S&P: CLOs will lead European CDO growth in 2007
The European surge in cashflow collateralised loan obligations (CLO) will continue into 2007, according to a report by Standard and Poor’s (S&P).
UBS launches OTC agricultural derivatives
UBS has created a new agriculturals team and hired two traders and two marketers for its first foray into over the counter (OTC) agricultural derivatives.
S&P buys Goldman's commodity index
Standard & Poor's has acquired the Goldman Sachs Commodity Index (GSCI) as well as two equity indexes. The GSCI is widely considered to be the benchmark for commodity indexes and serves as the underlying for many structured products. It will be renamed…
Synthetic indexes on ARMs created
CDS IndexCo, a consortium of 16 dealers, and Markit, a London-based independent pricing and valuations specialist, have developed a family of indexes on the hybrid adjustable rate mortgage (ARM) market. The Hybrix indexes are cash-settled forward…
RBS makes senior Asia hires
Royal Bank of Scotland Global Banking & Markets (RBS GBM) has hired new senior staff for its teams in Singapore and Japan.
Credit Suisse hires Ryan as head of securities
Michael Ryan, co-head of equities at Goldman Sachs, is joining Credit Suisse later this year as head of securities.
Pension cash invested in commodity indexes rallies oil price
Pension funds are increasingly investing in commodity indexes to diversify their portfolios, according to a recent Lehman Brothers report.