News
IG names finance director
UK spread betting pioneer IG has named Steve Clutton as its new finance director.
HedgeStreet launches hurricane damage contracts
Online derivatives exchange HedgeStreet has launched contracts based on the value of damage caused in the 2006 hurricane season.
Sidenius joins JP Morgan credit modelling team
Jakob Sidenius has joined JP Morgan Chase in London as senior vice-president in credit quantitative research. Sidenius, who has written a number of technical papers on the pricing of collaterised debt obligations (See: All your hedges in one basket ),…
Top dealers slash equity exposures in Q2
The majority of the world’s largest market risk-takers slashed their equity market exposures during the second quarter of 2006, as they responded forcefully to sharp spikes in equity volatility in late May and early June.
Chinese regulator rotates senior managers
The China Securities Regulatory Commission (CSRC) has made several new senior appointments within local futures exchanges, including the soon-to-start China Financial Futures Exchange.
Northern Trust hires Andress to run derivatives operations
Chicago-based Northern Trust has recruited Stephen Andress as its global head of derivatives operations to run its back-office derivatives processing infrastructure.
Wachovia hires two in forex sales from StanChart
Wachovia has poached two forex sales personnel from Standard Chartered in Singapore and Hong Kong, as it continues to increase its presence in Asia.
In Brief:
EC releases updated Lamfalussy league table
Man launches HK retail fund
Hedge fund provider Man Investments has launched a principal-protected futures and options fund authorised by the Hong Kong Securities & Futures Commission and aimed at retail investors.
US companies face 57% increase in pension funding, says report
The passing by the US Congress of the Pension Protection Act earlier this month, which was signed into law by President George Bush yesterday, could result in some companies having to contribute 57% more to their pension funds, according to a report…
Moore Capital hires Schachter as head of risk management
Moore Capital has hired Barry Schachter as its director of quantitative resources, according to parties familiar with the hire. Schachter, who joined the US hedge fund in mid-June, will head its risk management, trade group analysis and financial…
Bank Islam signs first Islamic rate swap deal with StanChart
Bank Islam Malaysia has completed the world's first Islamic profit rate swap, a three-year 136 million ringgit ($36 million) deal with Standard Chartered Malaysia.