Commerzbank
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 .
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.
DrKW hires head of cash CDOs
Dresdner Kleinwort Wasserstein (DrKW), the investment banking arm of Dresdner Bank, has appointed Robert Walsh from Credit Suisse First Boston (CSFB) as director and head of cash collateralised debt obligations (CDOs).
Cutting capital
Across the banking spectrum, new technology is being used to help financial institutions reduce their capital requirements, writes Clive Davidson.
Barclays Capital snares dollar interest rate traders
Barclays Capital has hired three traders to work in its dollar interest rate derivatives team in New York.
Morgan Stanley poaches DrKW credit head in Tokyo
Morgan Stanley has hired Mark Mallia as an executive director to be the senior trader and product manager for US and European bond and credit default swaps in Asia time, according to Robert Breden, executive director in the fixed-income division of the…
DrKW adds to capital markets sales team in Singapore
Dresdner Kleinwort Wasserstein (DrKW), the investment banking arm of Dresdner Bank, has hired Patrick Bei as a director in its capital markets sales team in Singapore.
An integrated framework for the governance of companies
Cases of insolvencies, losses and internal frauds have been increasing of late. As a result, the question is asked more and more often whether such cases could have been avoided with better governance of companies or a clearer organisational handbook. In…
Seven leave Dresdner in FX flight
Dresdner Kleinwort Wasserstein in London is facing an exodus of staff from foreign exchange, with at least seven leaving the bank in London and New York in the past month, reports Risknews’ sister publication FX Week .
DrKW criticises CLS for not introducing central clearing
Continuous-linked settlement (CLS), the global system to reduce foreign exchange transaction risk, should have been set up to provide banks with a centralised clearing facility, rather than just to eliminate ‘Herstatt risk’, according to a senior banker…
Dembo steps away from CEO role as Algo secures new financing;
Ron Dembo, founder and chief executive of Toronto-based technology vendor Algorithmics, is to step away from his day-to-day running of the company to assume the role of chairman. The move comes as Algorithmics secured new financing from its main…
DrKW shuffles Asian credit business
Dresdner Kleinwort Wasserstein (DrKW) has transferred Mike Gordon and Carlos Cala from Tokyo to Singapore in an effort to balance its credit business resources between the two cities, according to an official at the bank in Tokyo.
DrKW adds to credit derivatives team in Singapore
Dresdner Kleinwort Wasserstein (DrKW) has transferred Stephen Patterson, New York-based senior structurer for structured credit derivatives, to Singapore as a credit derivatives structurer.
DrKW appoints head of hybrid capital
Dresdner Kleinwort Wasserstein (DrKW), the investment banking arm of Dresdner Bank, has appointed Mark Woolley from Goldman Sachs as head of hybrid capital.
Operational risk versus credit risk: Similarities and differences
Many attempts have been made to adapt credit risk models to quantify operational risk. In this article, Gerrit Jan van den Brink of Dresdner Bank and KPMG's Thomas Kaiser compare op risk and specific credit risk models in terms of input data, methodology…
DrKW adds to credit derivatives team in Tokyo
Dresdner Kleinwort Wasserstein (DrKW) has hired TJ Cheng as a vice-president in its credit derivatives and securitisation team in Tokyo.
German banks plan op loss data consortium
A number of German public-sector banks will start pooling operational loss data next year, in a bid to create an op risk loss database that could, they say, eventually include banks from other European countries.
Clearing Bank Hannover goes into liquidation
Clearing Bank Hannover (CBH), which offered clearing services for electricity and commodity traders, has gone into liquidation and returned its banking licence to BaFin – Germany’s financial regulator.
DrKW establishes equity derivatives prop trading desk
Dresdner Kleinwort Wasserstein (DrKW) has made several appointments to a new proprietary trading desk within its equity products group.
Banks back FXall prime brokerage messaging hub
Currency trading portal FXall has secured the support of seven leading banks to develop a shared messaging hub for notification of prime brokerage deals.
DrKW adds to New York sales effort
Dresdner Kleinwort Wasserstein (DrKW) has continued its sales build-up with four new hires to its team in New York this month, said a spokesperson for the bank.
Dresdner appoints new global head of equity derivatives
Dresdner Kleinwort Wasserstein (DrKW) has appointed Chris Seery as its new global head of equity derivatives.
DrKW appoints new global head of equity-linked origination
Dresdner Kleinwort Wasserstein (DrKW), the US investment banking arm of Dresdner Bank, has appointed Ken Robbins as a managing director and global head of equity-linked origination.
Commerzbank selects SunGard’s Credient Analytics
Commerzbank has selected Credient Analytics, the credit analytics service provided by SunGard Trading and Risk Systems, to handle investment banking credit exposure.