ABN Amro
RBS hires North American FX structurer
The North American financial markets division of Royal Bank of Scotland (RBS) has hired Robert Jen from ABN Amro as vice-president in foreign exchange structuring.
ING hires director and head of financial engineering in Asia
ING has hired Geoff Parsons in a newly created role as director and head of financial engineering in Asia.
ABN Amro expands structuring and advisory capabilities in Asia
Dutch bank ABN Amro has significantly bolstered its financial institutions and public sector group in Asia with the addition of 10 new hires, as it looks to extend its structuring and advisory capabilities across the region.
Ahold credit protection trading on upfront-only basis
Credit protection for Dutch retailer Ahold is now trading on an upfront basis only following the company's admission of accounting irregularities.
EIB to outsource derivatives collateral management
The European Investment Bank (EIB), the financing institution of the European Union, is set to outsource its derivatives collateral management activities to Dutch bank ABN Amro.
ABN Amro revamps financial markets operations
ABN Amro has combined its global financial markets unit with its loan products division, as part of a major overhaul of its financial markets business.
BoA hires mainland China head
Bank of America (BoA) has hired Helen Pun as managing director, head of mainland China for bank and non-bank financial institutions. Based in Hong Kong, she assumes responsibility for marketing structured and cross-border products across the mainland…
ABN and Deutsche roll out iBoxx 100-linked note
ABN Amro and Deutsche Bank have joined forces to launch a credit default swap product linked to the iBoxx 100 index. The iBoxx 100 note reflects the performance of the top 100 names in the iBoxx euro corporate overall index, weighted by their duration…
ABN Amro hires head of European bank origination
ABN Amro has hired Tim Skeet, a senior debt capital markets banker, as head of European bank origination.
ABN Amro names swaps expert King as Taiwan country rep
ABN Amro Taiwan has made Terry King its country representative, in addition to his existing role as head of financial markets of ABN Amro Taiwan, a position he has held since 2001.
Commerzbank cuts in London
Commerzbank has shed four foreign exchange jobs in London, a source at the bank told RiskNews ' sister publication FX Week . Among the departures was Behnouche Mostachfi, a senior FX options trader, the source confirmed. Another un-named options dealer,…
iBoxx licenses indexes for exchange-traded funds
Frankfurt-based indexing company iBoxx and Pennsylvania-based exchange-traded fund (ETF) company iShares have struck a deal to license iBoxx indexes as the basis for European fixed-income ETFs to be launched on Deutsche Börse. The new products are…
ABN Amro to close A$1.1 billion Gibraltar synthetic CDO today
Dutch banking group ABN Amro expects to close its Gibraltar synthetic collateralised debt obligation (CDO) referenced on a portfolio of global credit default swaps worth a notional amount of A$1.1 billion today, Paul Cordeiro, ABN Amro's Sydney-based…
European asset managers gear up for CAD3
European asset management firms wanting to comply with the most sophisticated measurement method allowed in the revised Basel Accords—the advanced measurement approach (AMA)—must prepare now, as it requires them to have a whole set of advanced risk…
Banking body says Basel II will treat securitisation unfairly
The European Securitisation Forum (ESF), a banking industry body, said the proposed Basel II capital Accord, proposed by banking regulators, stands to unfairly penalise their business.
Banking body says Basel II will treat securitisation unfairly
The European Securitisation Forum (ESF), a banking industry body, said the proposed Basel II capital Accord, proposed by banking regulators, stands to unfairly penalise their business.
Citigroup wins FX Week strategy award
Citigroup’s FX strategy team took the top spot in FX Week's best bank in FX research and strategy award, ousting last year’s winner Deutsche Bank into second place.
Weather Board of Trade delays launch as problems mount
Atlanta-based Weather Board of Trade (WBOT), which was set for an October launch, will now only start trading exchange-based weather derivatives in February 2003. WBOT has also lost a number of its charter members, encountered problems with its fund…
Data hurdles
The risk management rumour mill has been buzzing in recent weeks with the story that US banking regulators have told the senior management of the country’s 30 largest banks that they will be expected to implement the advanced internal ratings-based (IRB)…
Clients of settlement members go live today on CLS
Clients of banks that have signed up as settlement members to CLS Bank can from today have their foreign exchange transactions settled on continuous linked settlement (CLS), the system built to reduce risk in the global forex markets.
Deutsche Bank credit protection trades wider following Q3 losses
The cost of senior debt protection for Deutsche Bank has crept 5 basis points wider to 58bp-mid after the bank posted a third-quarter net loss of €299 million. In otherwise thin markets, credit derivatives traders in London said active buyers of…
Currency overlay set to hit $500 billion
Currency overlay, the management of currency exposures in an investment portfolio separate from underlying asset exposures, is set to become a $500 billion dollar industry within the next three years, according to Piero Overmars, Dutch bank ABN Amro’s…
International banks step-up German fixed-income derivatives coverage
Deregulation of the German insurance market is attracting the world's top investment banks to expand fixed-income derivatives operations in Frankfurt.
ABN Amro to release second iBoxx-linked note
ABN Amro is to issue a second credit-linked note early next week, called iBoxx 40, following the release of its iBoxx 50 credit-linked note in July. iBoxx 40 will be the first index-derived credit product issued in Swiss francs, with an initial issue…