News
State Street hires three directors in Europe
State Street Corporation, the Boston-based financial services provider, has appointed three European directors to its board.
McDonald retires from Bank of New York
Ross McDonald, co-head of derivatives trading for the global markets division of the Bank of New York (BoNY) for the past two years, has retired after 10 years in total with the bank.
BarCap hires in FX structuring
Barclays Capital has appointed Jamil Ghalayini as a director in corporate FX structuring. He is based in London.
Austin Energy uses World Energy Exchange for electricity purchase
Austin Energy, a community-owned electric utility and an Austin, Texas city department, has purchased 664.8 million kilowatt hours of on-call electricity supply using the World Energy Exchange.
SocGen reshuffles executives
Société Générale has overhauled its corporate and investment bank’s executive committee, and reorganised its divisions.
ABN Amro appoints leveraged finance heads for Asia and Spain
In a move to ramp up its leveraged finance business in Asia and Europe, ABN Amro today appointed Chi-Chi Chain as head of leveraged finance in Asia, and Inigo Heredia as head of leveraged finance in Spain.
Deutsche Bank bolsters equity prime brokerage
Deutsche Bank has named Barry Bausano as co-head of equity prime brokerage, along with Jonathan Hitchon.
S&P predicts harder times ahead for European structured products
European structured products will come under ratings pressure in 2007, but there will be only a limited number of downgrades, according to rating agency Standard & Poor's (S&P).
EC launches new vision for energy policy
The European Commission has today proposed a new energy policy for Europe that focuses on fighting climate change and making Europe’s internal energy market more competitive.
Fimat and Calyon Financial in merger talks
Société Générale and Calyon have entered into exclusive negotiations regarding a possible merger of their brokerage activities, currently carried out by Fimat and Calyon Financial respectively.
Eurex appoints director of US office
Eurex, the Frankfurt-based derivatives exchange, has named Heike Eckert as director of its US representative office.
Saxo launches retail algorithmic trading tool
Saxo Bank, the Danish investment bank, will roll out an algorithmic trading product specifically designed for retail clients within the next three months.
Italian regulator to use CDS data
Interdealer broker GFI has started providing credit default swap (CDS) data to the Commissione Nazionale per le Società e la Borsa, the Italian securities market regulator (Consob)- possibly for market surveillance purposes.
JP Morgan to offer interest rate options via Bloomberg
JP Morgan will offer its clients the ability to trade over-the-counter interest rate options on Bloomberg's trading platform.
Highbridge Capital and Louis Dreyfus Group create partnership
Multi-strategy hedge fund Highbridge Capital Management and the Louis Dreyfus Group, a global commodities business, have joined to form a merchant energy partnership.
New Cargill subsidiary to develop ethanol plants
Newly formed company Emerald Renewable Energy has revealed plans to develop four 100-million gallon per year ethanol plants in the corn-belt area of the Midwestern US.
SG and Calyon announce brokerage merger intentions
Paris-based banks Calyon and Société Générale confirmed they plan to merge their futures and options brokering subsidiaries, Calyon Financial and Fimat.