Bank of America
Merrill hires Shenk in Japan
Merrill Lynch’s prime brokerage operation has hired Scott Shenk to head its Pacific Rim listed futures and options business in Tokyo.
Merrill Lynch hires Pringle in revamp of derivatives team
Merrill Lynch has appointed Michael Pringle as managing director and head of flow derivatives and equity risk in Europe, the Middle East and Africa (Emea).
BoA snares Taishin's CRO as its new Taiwan chief
Financial markets veteran James Lin has become Bank of America’s (BoA) chief executive in Taiwan, moving from local firm Taishin Financial Holdings, where he was chief risk officer.
Bear Stearns builds up forex presence in Hong Kong and New York
Bear Stearns has made senior appointments in Hong Kong and New York to increase its capabilities in foreign exchange derivatives and servicing hedge fund clients.
Lipton joins Merrill Lynch to head real estate analytics
Alexander Lipton has joined Merrill Lynch as global head of credit, real estate, structured products analytics.
Bank of China warrants list in Singapore
Three investment banks launched a total of five call warrants on shares of the Bank of China (BOC) in Singapore today, the same day the shares started trading in Hong Kong. The BOC initial public offering (IPO) was the world’s largest in six years, with …
Lane rejoins Deutsche in collateral management role
Deutsche Bank has appointed David Lane as head of equity financial resource management in New York. He rejoins Deutsche after two years at Merrill Lynch, where he was global head of the asset optimisation group. Before joining Merrill Lynch, Lane was…
Deutsche Bank hires equity derivatives sales head in New York
Cory Carlesimo has joined Deutsche Bank's global markets institutional client group in New York.
Bank of America adds eight to credit team
Bank of America (BoA) has appointed eight new staff members to its European credit business in London.
BoA bolsters rates team with ex-Morgan Stanley duo
Bank of America has hired two senior interest rate traders from rival Morgan Stanley, as it seeks to bolster its trading and rates teams across Europe, Middle East and Africa (EMEA). Tim Yip started last month, and was joined by Ferruccio Ferrara last…
Moulds appointed president of EMEAA at BoA
Jonathan Moulds is to take over from William Fall as president of Europe, Middle East, Africa and Asia (EMEAA) at Bank of America in London following Fall’s announcement of retirement after 11 years at the bank. The appointment will be effective…
Barna leaves Merrill for Deutsche equity role
Peter Barna has joined Deutsche Bank in New York as a director in the bank’s US convertible and equity linked solutions group. He comes from Merrill Lynch, where he worked for eight years, most recently as director in equity linked capital markets with…
Synthetic ABS is hot property
The emergence of credit default swaps on ABS has led to the development of an index of these securities. Nadia Damouni looks at the prospects for this rapidly evolving corner of the market
American General restates derivatives by $41.5 million
American General Finance, the Indiana-based consumer loans specialist, has become the latest US company to restate its results because of mistakes in applying accounting rules. The company announced it would adjust income upwards by $41.5 million for the…
Merrill Lynch structured credit director defects to Deutsche Bank
Deutsche Bank has lured Jay Bryant from Merrill Lynch to work as a director in its collateralised debt obligations (CDOs) division in New York. He joins after nine years at Merrill Lynch, where he most recently held the position of director of structured…
Standard confirmation for preferred CDS hammered out
Eight dealers have agreed upon standard documentation for preferred credit default swap (CDS) transactions. The new standards will likely enhance liquidity of the nascent market.
CDS IndexCo and Markit launch synthetic US CMBS index
CDS IndexCo and Markit have launched CMBX, a range of synthetic credit default swap (CDS) indexes of US commercial mortgage-backed securities (CMBS), which will trade from today.
Bank of America loses credit correlation trading head
Alexandre Bernand, the London-based global head of credit correlation trading at Bank of America, has resigned.
BoA supplements global forex team
Bank of America (BoA) has beefed up its foreign exchange capabilities during the past month by making a number of new staff hires.
BoA mis-states derivatives positions by $345 million
Bank of America has contravened Financial Accounting Standards Board (FASB) rules regarding its treatment of derivatives instruments and will recalculate all of its financial statements since 2002.
Isda, ICMA and TBMA form joint capital markets body
Three capital markets associations are to form a joint body that aims to streamline industry-wide co-operation between the derivatives, securities and bond markets. The Global Capital Markets Board (GCMB) will develop a common policy on market,…
StanChart appoints three in FX and rates
Standard Chartered has made three new appointments to its foreign currency options and interest rates derivatives desks based in London.
Bank of America takes on HSBC metals group
Bank of America has recruited Peter Merritt to head a new metals trading team. Merritt, previously head of global metals at HSBC, will bring a team of metals traders and marketers with him from HSBC to Bank of America's New York office.
IIC launches euro iBoxx ABS index
Frankfurt-based International Index Company (IIC) has launched the iBoxx EUR ABS 50 index, which consists of the 50 largest and most liquid AAA-rated European floating rate asset-backed securities (ABS) and mortgage-backed securities (MBS). Each…