ABN Amro
ABN Amro wins China derivatives licence
ABN Amro last week joined the elite group of foreign banks authorised to trade foreign exchange derivatives in China after winning a licence from regulator the China Banking Regulatory Commission, reports RiskNews’ sister publication, FX Week .
Chinese regulator extends derivatives transition period
The China Banking Regulatory Commission (CBRC) has extended the transition period for its new derivatives licensing regime, giving banks an extra three months to get licences in place that will allow them to trade derivatives onshore.
BNP Paribas expands interest rate group in New York
BNP Paribas has made seven appointments to its interest rate group in New York, headed by Zbigneiw Ryzak.
Philadelphia Stock Exchange names new product development head
Philadelphia Stock Exchange (PHLX) has named Chicago Board of Trade (CBOT) veteran Daniel Carrigan as vice-president for new product development, reports RiskNews’ sister publication, Dealing With Technology .
ABN Amro expands global commodity derivatives team
Dutch bank ABN Amro has made five appointments to its global commodity derivatives team in both the London and New York offices.
ABN Amro launches life and pensions advisory group
Dutch bank ABN Amro has created a life and pensions advisory group as part of its wider financial markets advisory team.
Swapstream market-makers raise quote size to €800m
The four banks making markets on electronic interest rate swaps trading platform Swapstream have raised their quote sizes from around €100 million to €200 million apiece.
ABN Amro launches MiniSwaps contracts
ABN Amro has launched miniature versions of interest rate swaps contracts targeted at companies, fund managers and institutions that are prevented from trading derivatives for regulatory or other reasons.
FirstRand Bank gives ABN Amro CLS mandate
ABN Amro has been awarded a mandate by FirstRand Bank for third-party continuous-linked settlement (CLS) services in South Africa.
BNP hires in commodity derivatives, following departures
French bank BNP Paribas has made four appointments in its commodity derivatives business, following the departure of two senior members of its team last month.
Orc customers to gain access to Citi’s trading platform
Orc Software, the Stockholm-based technology vendor that supplies systems for market-making, trading and brokerage, has signed an agreement with Citigroup to allow all its existing customers to access the Citibank automated trading platform (Cats-OS)…
DrKW creates Nordic derivatives marketing team
Dresdner Kleinwort Wasserstein (DrKW) has made three appointments to form a new Nordic financial institutions derivatives marketing team in London. The team will market the bank’s full range of derivatives products across asset classes to clients in the…
ABN Amro expands financial markets advisory business to Asia
ABN Amro has expanded its financial markets advisory department to Asia, with the appointment of a new Hong Kong-based team to provide advisory services on debt funding, risk management and ratings advisory to corporates and financial institutions around…
BaFin approves ABN Amro SVP funded by structured debt
BaFin, the German financial markets regulator, has cleared a new product allowing financial institutions to sell assets into German special-purpose vehicles (SVP) funded by asset-backed securities without needing a banking licence.
Bank of Montreal hires in credit
Bank of Montreal (BOM) has made a number of appointments in London to strengthen its credit platform.
ABN Amro poaches BNP Paribas energy heads
Dutch bank ABN Amro has hired Wayne Harburn, BNP Paribas' former head of European energy trading, as well as Vincent Chevance, the French bank's head of marketing for energy derivatives. BNP Paribas was not immediately able to say who would replace the…
ABN Amro targets Asian CDO market
ABN Amro has closed a single-tranche synthetic collateralised debt obligation (CDO) for a Singapore asset manager, its second deal in a month and its first with a Singaporean investor.
Natexis first CLS third-party bank in France
Natexis Banques Populaires has become the first continuous-linked settlement (CLS) third-party participant in France.
ABN Amro hires VP of financial institutions forex distribution in Singapore
Dutch bank ABN Amro has hired Rayson Hazra as vice-president of financial institutions foreign exchange distribution in Singapore.
Nymex reshuffles board
Richard Schaeffer, executive director of global energy futures at Dutch bank ABN Amro, has been appointed vice- chairman of the board of the New York Mercantile Exchange (Nymex).
More banks putting capital into research
ABN Amro and Barclays Capital are among the increasing number of banks putting money on their trade recommendations for foreign exchange, reports Risknews’s sister publication FX Week . Both have allocated money to start trading on model portfolios this…
ADB outsources derivatives collateral management to ABN Amro
The Asian Development Bank (ADB) has outsourced its derivatives collateral management activities to ABN Amro. In addition, ABN Amro Mellon Global Securities Services will act as global custodian for all ADB's collateral securities.
ABN Amro builds in weather derivatives
ABN Amro has hired Henry Kus as director of weather and insurance derivatives. The Dutch bank said it had made the appointment in response to "rapidly increasing" investor demand for weather derivatives products.
ABN Amro wins CLS mandate in India
ABN Amro has won the contract to provide continuous linked settlement (CLS) services to the Clearing Corporation of India (CCIL).