News
Morgan Stanley rejigs currency and rates group
Jonathan Chenevix-Trench, currently head of the global interest rate and currency group at Morgan Stanley in London, is to relinquish his position at the end of this month. This change will allow him to focus exclusively on his role as chairman of the…
DrKW raids Calyon’s sales team
Dresdner Kleinwort Wasserstein, the investment banking arm of Frankfurt-based Dresdner Bank, has poached three senior members of Calyon’s structured investment products team to establish a structured products and derivatives sales team servicing US…
Barclays boosts insurance and pensions solutions team
Barclays Capital has bolstered its insurance and pensions solutions team with the appointment of Jon Exley as director.
Merrill hires three for commodities group
Diego Parilla has joined Merrill Lynch from Goldman Sachs to head a new commodity solutions group. Two of Parilla’s former colleagues at Goldman, Kamal Gajree and Achim Traut, are joining him at Merrill’s new group in London.
SG CIB unveils cross asset research
Paris-based SG Corporate and Investment Banking, the corporate and investment banking arm of Société Générale, has combined its research capabilities to offer its customers cross-asset analysis spanning credit, equity, fixed income and foreign exchange…
Drop in volatility prompts move to exotics
The drop in equity implied volatility levels is making it harder to offer yield enhancement products, says Harold Kim, Hong Kong-based Citigroup managing director, speaking at a structured products forum in the Special Administrative Region.
CSFB launches Taiwan broking business
Credit Suisse First Boston (CSFB) has launched its derivatives broking business in Taiwan. The bank will trade futures and options listed on the Taiwan Futures Exchange (Taifex) for qualified foreign and domestic clients.
Retail investors fuel Asian structured products boom
The structured products market in Asia will continue to grow over the next 12 months, especially among the region’s retail investors. But the potential for mis-selling means that banks need to ensure they do not offer structures that are too complex and…
Goldman launches Barx rival
Goldman Sachs has followed in Barclays Capital’s footsteps by launching an electronic trading platform on Bloomberg for interest rate derivatives.
Merrill nabs Goldman’s Munari
Alvise Munari, Goldman Sachs’ former European head of equity and interest rate structuring, has left to join Merrill Lynch, where he has been appointed to a new position with responsibility for equity-linked product marketing.
ABN poaches Morgan Stanley staff
ABN Amro has poached eight staff from Morgan Stanley in Tokyo to join its Japanese fixed income business.
Australia and Singapore lead Basel II implementation in Asia
Australia and Singapore’s banks are leading the Asia-Pacific region when it comes to the implementation of Basel II, according to a report released this week by Standard and Poor’s. But even banks operating in these countries face considerable challenges…
Ashmore and Goldman unveil emerging market debt product
Ashmore Investment Management and Goldman Sachs have launched an emerging market debt structured product that uses a new kind of principal protection technology. Ashmore, a well-known emerging market debt manager based in London, is managing the…
Invesco to launch new hedge fund
Invesco, part of the Amvescap group of investment management firms, plans to launch a new fund at the end of this month that will focus on market neutral and financial futures strategies in the US and European markets.
ABN makes senior appointments in Asia
ABN Amro has made three senior appointments in Asia as part of an effort to boost its derivatives business in the region.
Perry leaves JP Morgan
The head of JP Morgan’s investment bank credit portfolio group, Malcolm Perry, has left the firm.
Australia and Singapore lead Basel II implementation in Asia
Australia and Singapore’s banks are leading the Asia-Pacific region when it comes to the implementation of Basel II, according to a report released this week by Standard and Poor’s. But even banks operating in these countries face considerable challenges…
Scrittura incorporates WordML for trade documents
Scrittura, the New York-based technology firm specialising in document automation, has introduced WordML to its product range. The addition is aimed at speeding up the trade settlement process and reducing operational risk in documentation drafting.
