Bank of America
Bank of America Merrill Lynch’s data convergence initiative takes off
Aim is to provide clear and entitled connectivity for data throughout the organisation
BoA hires Michael Benz to head Merrill Lynch Asia Wealth Management
The wealth of Asia Pacific high net worth individuals (HNWI) stood at $9.7 trillion at the end of 2009, up 30.9% from a year earlier and above the $9.5 trillion held by Europe’s HNWIs, according to the Merrill Lynch CapGemini 2010 World Wealth Report
Repayment fears over China's local government debt
China’s local governments have channelled their debt through off-balance sheet financing vehicles that leave creditors little recourse to repayment in the event of default. Calls to reform this system could result in the formation of a municipal bond…
Market snapshot
The sale of structured products in the US has increased by around 36% in June and July. In the UK, the market in the same two months was characterised by the continuing dominance of capital-at-risk products.
HSBC on global hiring spree
HSBC has made a series of hires across foreign exchange trading and sales in Asia and Europe, it confirmed today (August 17).
Bank results suffer after May volatility
Short volatility positions contribute to poor equity derivatives results
Citi hires Margolis from Goldman Sachs
Latest hire in a series of senior appointments to the firm's FX business
Banks face suit from US fund over mis-sold subprime loans
Fifteen banks accused of mis-selling mortgage-backed securities
Changing Hats, August 2010
The movers and shakers in the op risk professions
BAML tinkers with tradable volatility index for tail risk hedging
Bank of America Merrill Lynch has developed a liquid volatility index for institutions which are seeking a systematic tail risk hedge.
Knight Libertas founder Gary Katcher quits firm
Gary Katcher, head of global institutional fixed income at Knight Libertas, will leave the firm at the end of July.
UBS hires emerging markets head
Can Uran leaves Bank of America Merrill Lynch for senior role at UBS
Lookback: The Which way
An irreverent take on events of the last month, including the Which confusion over structured products, ETF trading, S&P's benchmarks, a Swiss preference for capital protection and more capital gains tax in the UK
Lee reappears at Deutsche Bank as head of GMIP and db-X, Asia
Chris Lee has taken over global market investment products and the db-x division in Asia for Deutsche Bank. Formerly head of the structured products group at UBS, Lee started at Deutsche in the last week of June.
Asia's rich overtake Europe, says wealth report
Hong Kong's population of wealthy individuals more than doubled last year - the strongest crisis rebound in the world.
High-net-worth investment in structured products set to rise
The latest Capgemini/Merrill Lynch World Wealth Report predicts greater investment in structured products on the back of a recovery in high-net-worth investors' finances