Bank of America
Oil price hits Asian currencies
Surging oil prices have put pressure on Asian currencies, but the impact has been magnified by other factors influencing the region, analysts told RiskNews’ sister publication, FX Week .
Bank of America loses global markets head in Asia
Goetz Eggelhoefer, former managing director and head of global markets, Asia, at Bank of America in Singapore, has left to join the Rohatyn Group, an emerging market hedge fund started by ex-JP Morgan Chase trader Nick Rohatyn.
Merrill boss adds ex-colleagues
Merrill Lynch's new global foreign exchange chief, Stephen Kemp, has hired three former colleagues from Morgan Stanley, the bank he left last April to join Merrill, reports RiskNews' sister publication, FX Week .
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)…
Barclays Capital hires five in the Americas
London-based Barclays Capital has made five appointments to its corporate risk management and derivatives group.
Société Générale subscribes to Fitch Risk’s Opvantage
French bank Société Générale has entered into a subscription agreement with Fitch Risk to access its financial institutions risk scenario trend (First) database.
CDS options emerge in Asia
Credit default swap (CDS) options on Asian names have emerged on broker screens, with two CDS option trades referenced to Hong Kong conglomerate Hutchison Whampoa trading through brokerage firm Icap in early June.
Merrill Lynch receives forex licence in South Korea
Merrill Lynch received a foreign exchange licence from the South Korean financial services regulatory body, the Financial Supervisory Commission (FSC), today. The licence allows the US securities dealer to expand its Korean business to the onshore forex…
Merrill Lynch tipped to bid for EKT
Rumours are circulating that Merrill Lynch may snap up Entergy-Koch Trading (EKT) following last week's news that New Orleans-based Entergy Corporation and Wichita's Koch Industries are considering selling their Houston-based energy trading business.
Banc of America Securities expands in credit derivatives
Charlotte-based Banc of America Securities has hired Peter Nguyen from Credit Suisse First Boston (CSFB) as head of credit derivatives specialist sales. He will lead the credit derivatives sales effort to hedge funds, banks and other frequent credit…
Private equity group to acquire majority stake in Refco
Boston-based private equity group Thomas H Lee Partners (THL) will acquire a majority stake in Refco, a New York-based financial services firm involved in derivatives execution and clearing, as well as a provider of prime brokerage services for fixed…
Citigroup restaffs Singapore forex sales
Citigroup has hired new staff to fill a void in its Singapore foreign exchange institutional sales team after three employees defected to Barclays Capital.
SG strengthens equity derivatives flow products sales
SG, the investment banking unit of France's Société Générale has made a number of appointments within its equity derivatives flow products sales team.
Mooney quits Trafigura to launch Merrill fund of funds
David Mooney, formerly head of power and gas trading at Trafigura in London, has left the Swiss commodity trading house to join Merrill Lynch. Mooney will join Merrill in mid-June as a managing director, where he will be charged with evaluating commodity…
BoA's head of energy trading moves to hedge fund
Julian Barrowcliffe, formerly global head of energy trading for Bank of America in New York, has joined Vega Asset Management. In his new role, Barrowcliffe will manage a commodities trading fund for the New York-based hedge fund with $11 billion under…
Credit Suisse Asset Management snares head of quant resources
Credit Suisse Asset Management (CSAM) has hired Joseph Cherian from Bank of America's fund management business as managing director to head the new quantitative resources group in New York.
Credit Suisse Asset Management snares head of quant resources
Credit Suisse Asset Management (CSAM) has hired Joseph Cherian from Bank of America's fund management business as managing director to head the new quantitative resources group in New York.
Options staff hotly pursued
Currency options traders are finding themselves hotly pursued, as a series of high-profile moves around the world has set off a chain of demand, reports RiskNews’ sister publication, FX Week .
Martin Wiedmann leaves UBS
The departure of Martin Wiedmann from UBS in Zurich last week sparked a guessing game among his peers over which bank he is set to join, reports RiskNews ' sister publication FX Week .
DrKW hires six in hedge fund sales
Dresdner Kleinwort Wasserstein (DrKW), the investment banking arm of Dresdner Bank, has made six additions to its hedge fund sales team in recent weeks. All six take the title of director and will be based in London.
Kemp takes foreign exchange helm at Merrill
Morgan Stanley foreign exchange chief Stephen Kemp is set to take on the continued build-up of Merrill Lynch’s forex business, following the resignation of co-head of global foreign exchange and rates Michael DeSa, reports RiskNews' sister publication FX…
Banks draw up EU25 battle plans for FX
Far-sighted banks and brokers are drawing up their foreign exchange battle plans for the Europe that will be enlarged by the ten new member states joining this weekend, reports RiskNews' sister publication FX Week .
Delivery failure
Perturbed by last year's spike in settlement failures on the May 2013 Treasury note, investors have been assessing the likelihood of a repeat scenario. So what causes these fails situations, and how can they be avoided?
Bear Stearns strengthens Japanese fixed income
US investment bank Bear Stearns has strengthened its fixed-income presence in Tokyo with the hire of Masakazu (Max) Kobayashi as head of fixed-income sales and strategic finance.