News
Bear Stearns hires head of fixed-income trading in Japan
Bear Stearns has hired Raymond Wong as a senior managing director and head of fixed-income trading for Asia and Japan.
Merrill's Rule moves to head Lehman's forex forwards team
Merrill Lynch's Duncan Rule is joining Lehman Brothers in London as global head of forex forwards at the end of June.
Lehman and Agricultural Bank of China close synthetic CDO
Lehman Brothers International Europe, the European arm of US investment bank Lehman Brothers, has launched an arbitrage synthetic collateralised debt obligation (CDO) referenced to a $1 billion portfolio of 120 entities that will be managed by the…
SAS acquires OpRisk Analytics
SAS, the North Carolina-based data management software vendor, announced that it has acquired the principal assets of OpRisk Analytics, a Connecticut-based operational risk analytics company. It did not disclose financial terms.
Basel II heralds a new ‘golden age’ for risk, says BofE's Jackson
Basel II is creating a new lingua franca for risk that will usher in a “golden age” of risk management, said Patricia Jackson, special adviser to the Bank of England, at Risk magazine’s Basel II Forum in London today. The debates surrounding the wording…
ABN Amro appoints Mullen to head hedge fund sales
Dutch bank ABN Amro has appointed Alistair Mullen as global head of hedge fund sales in London.
SAS acquires OpRisk Analytics
SAS, the North Carolina-based data management software vendor, announced that it has acquired the principal assets of OpRisk Analytics, a Connecticut-based operational risk analytics company. It did not disclose financial terms.
Euronext.life to launch FTSEurofirst index derivatives
Euronext.liffe said it will launch futures and options contracts based on the FTSEurofirst 80 and FTSEurofirst 100 indices on Monday 23 June.
Isda publishes collateral asset definitions
The International Swaps and Derivatives Association (Isda) published the first edition of the Isda Collateral Asset Definitions this week. The definitions standardise the descriptions for the most commonly used collateral assets in various jurisdictions,…
BNP Paribas launches Australian dollar synthetic CDO
French bank BNP Paribas has launched an Australian dollar-denominated synthetic collateralised debt obligation (CDO) in an effort to appeal to Australia’s institutional investor base.
HKEx names new COO and alters corporate structure
Hong Kong Exchanges and Clearing (HKEx) has named Patrick Conroy as chief operating officer as from August 18. Conroy will replace Frederick Grede, who has not sought a renewal of his employment contract, which expires at the end of July.
Basel II heralds a new ‘golden age’ for risk, says BofE’s Jackson
Basel II is creating a new lingua franca for risk that will usher in a “golden age” of risk management, said Patricia Jackson, special adviser to the Bank of England, at Risk magazine’s Basel II Forum in London today. The debates surrounding the wording…
Sumitomo closes Japan’s first CDO backed by structured finance transactions
Tokyo-based Sumitomo Trust and Banking (STB) has closed Japan's first synthetic collateralised debt obligation (CDO) referenced to a semi-managed portfolio of structured finance transactions. The deal was worth ¥70 billion ($591 million).
El Paso board fights off shareholder revolt
The management of embattled energy company El Paso defeated a shareholder-sponsored initiative on Tuesday that would have replaced its current board of directors.
Lehman launches more minibonds in Hong Kong
Lehman Brothers has launched retail minibonds linked to the credit of Hong Kong conglomerate Hutchison Whampoa today, making it the fourth time the bank has launched such a product in the Hong Kong Special Administrative Region.
Law firm launches new collateral legal risk management service
Derivative Services, an affiliate of the international law firm Allen & Overy, has launched a legal risk management service aimed at addressing the complex legal analysis required to take on collateral for derivatives transactions.
BNP Paribas capital management team disbanded
The small team of quants in BNP Paribas’ capital management unit for fixed income has disbanded. The team, which had more than its fair share of personal differences, nonetheless published 10 technical papers in Risk during a five-year period. These…
GFI targets corporates for options pricing
New York-based inter-dealer broker GFI has launched a new online foreign exchange options pricing service targeting corporates and other lower-volume forex users.
Banks counter IAS39 threat
Banks are developing new structuring models for corporate clients to ensure the IAS39 accounting standards do not result in a reduction of complex foreign exchange hedging activity, Risk's sister publication FXWeek reports.
Banks counter IAS39 threat
Banks are developing new structuring models for corporate clients to ensure the IAS39 accounting standards do not result in a reduction of complex foreign exchange hedging activity, Risk 's sister publication FXWeek reports.
Commerzbank appoints Shottes to trade credit derivatives
Commerzbank Securities has appointed Paul Shottes to its credit derivatives group in New York.
SEB globalises options
Swedish bank SEB has globalised its foreign exchange options business in anticipation of Sweden's entry into the eurozone, reports Risk 's sister publication FX Week .
Deutsche boosts commodities business in Asia
Deutsche Bank has hired Richard Ng as vice-president and commodities marketer for the bank’s global markets business unit in Singapore.
HKEx to hire World Bank director as COO
Hong Kong Exchanges and Clearing (HKEx) plans to hire Patrick Conroy, director of the financial sector global partnerships group at the World Bank, as chief operating officer (COO) of the exchange.