Barclays
Burns named president of MR3 Systems
San Francisco-based technology company MR3 Systems has appointed John Burns, an ex-Barclays Metals managing director of derivatives finance, as its president.
BarCap expands corporate risk management advising team
Barclays Capital (BarCap), the investment banking arm of Barclays Bank, has hired three new staff to work in its corporate risk management and advisory team in New York.
Barcap nabs Citigroup equity derivatives salesman
Barclays Capital, the investment banking division of Barclays Bank, has appointed Andrew Stonely from Citigroup as a director in equity derivatives sales. He will be responsible for developing the European equity derivatives flow business.
Basel II is a key driver for real-time info
Speakers at the Cable & Wireless roundtable on real-time information in mid-September all agreed that real-time information (RTI) would help banks manage liquidity, minimise risk and improve operational efficiencies. They also agreed that one of the key…
BarCap appoints head of US fixed-income strategy
Barclays Capital, the investment banking arm of the UK's Barclays Bank, has hired Bulent Baygun from Citigroup/ Salomon Smith Barney (SSB) as director and head of US fixed-income strategy.
SuperDerivatives hires North America director of sales
SuperDerivatives, the London-based currency options pricing systems vendor, has appointed Carmine Ricciardi as director of sales for North America.
BNP Paribas beats SG for ZCM assets
French bank BNP Paribas has entered the final stages of negotiations to purchase about 140 structured transactions linked to funds investments from Zurich Capital Markets (ZCM), a division of Swiss insurer Zurich Financial.
Lessons in loaning
Lenders and borrowers alike are becoming ever more innovative at a worrying time for energy company financing. But will the new ideas catch on? Paul Lyon reports
Banks counter IAS39 threat
Banks are developing new structuring models for corporate clients to ensure the IAS39 accounting standards do not result in a reduction of complex foreign exchange hedging activity, Risk 's sister publication FXWeek reports.
A race to the finish
The Basel Committee's third consultative paper contained few surprises. Regulators are nowfocusing on implementation, despite banks' major concerns about the treatment of riskmitigation techniques.
TriOptima terminates €420 billion in rate swaps
The delayed first run of TriOptima’s swap tear-up service, TriReduce, eliminated 7,880 euro-denominated interest rate swaps with a notional value of €420 billion – or about a fifth of the notional value of the credit derivatives market.
Risk Europe 2003: Industry worried about ‘level playing field’ implementation of Basel II
Bankers and their banking associations are increasingly concerned that the new bank capital Accord Basel II and its European equivalent CAD3 may not be implemented in a consistent manner in different national jurisdictions. These fears were expressed…
EU Parliamentary hearings raise a variety of issues
The Committee on Economic and Monetary Affairs of the European Parliament held a public hearing on Tuesday, Febaruary 19, titled "Minimum Capital Requirements for Banks and Investment Firms (Basel II)".
Barclays Capital sets up fixed-income prime brokerage units
Barclays Capital is setting up fixed-income prime brokerage units in London and New York, the bank said. The units will trade corporate and government bonds and their related derivatives.
BarCap to make 200 redundancies
Barclays Capital is making approximately 200 employees redundant at its London headquarters, according to Risk News sources.
Kat to set up Alternative Investment Research Centre in London
Harry Kat, a former derivatives banker and quantitative finance academic, has been made professor of risk management at the Sir John Cass School of Business at City University in London. Kat, an author of numerous quantitative finance papers and former…
Barclays Capital hires director of forex sales in Asia
Barclays Capital, the investment banking division of Barclays Bank, has hired Henry Yeong as director of foreign exchange sales, based in Singapore.
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…
Negative rating actions prompt little movement in credit spreads
The European credit derivatives market remained listless this week, with limited movement in protection cost spreads following a string of negative credit news, traders said. The cost of credit protection for German banks, UK bank Barclays and Spain’s…
Barclays appoints global head of foreign exchange options
Barclays Capital, the investment banking division of Barclays Bank, has hired Despina Pantopoulou as a managing director and global head of forex options with immediate effect.
Barclays opts for SunGard’s BancWare
Barclays Bank has implemented SunGard Trading and Risk Systems' BancWare product for its financial risk management activities across the UK, France and Spain.
Barclays grabs Lehman's forex trading head
Barclays has hired John Caccavale, head of forex trading at Lehman Brothers in New York, to head trading for the Americas. He will report to Thomas Kalaris, Barclays’ chief executive of the Americas, based in New York. According to a recruiter, Caccavale…
BarCap poised to move NYC trading floor in July
Barclays Capital, the investment banking arm of the UK's Barclays Bank, plans to begin moving to its new trading floor in midtown Manhattan in July, according to Nick Themelis, Barclays Capital's chief information officer for the Americas.