Deutsche Bank
Deutsche Bank Brazil appoints head of global markets
Deutsche bank has hired Daniel Luiz Gleizer, a former deputy governor for international affairs at the central bank of Brazil, as managing director and head of its global markets division in Brazil.
ABN and Deutsche roll out iBoxx 100-linked note
ABN Amro and Deutsche Bank have joined forces to launch a credit default swap product linked to the iBoxx 100 index. The iBoxx 100 note reflects the performance of the top 100 names in the iBoxx euro corporate overall index, weighted by their duration…
Top dealers plot ‘Project Red’ revival
The backers of ‘Project Red’, a credit derivatives reference entity database (Red) set up by top dealers Deutsche Bank, Goldman Sachs and JP Morgan to remove basis risk in credit trading, have conditionally agreed to sell the service to UK credit risk…
Bank of America to set up global forex structuring team
Bank of America plans to set up a global foreign exchange structuring team with the appointment of Eric Ohayon from Lehman Brothers.
Credit spreads widen as equity continues falling
Falling equities and the increased likelihood of conflict in Iraq continued to drive spreads wider in the credit derivatives market this week.
HVB protection surges on downgrade
The cost of senior credit protection for the five-year debt of Germany's HypoVereinsbank (HVB) has surged nearly 30 basis points this week following a two-notch downgrade of its unsecured deposit and debt rating by Moody’s late on Wednesday.
Deutsche and CME try to revive Russian rouble futures trading
Deutsche Bank has committed to providing bid and offer prices on Russian rouble futures for the Chicago Mercantile Exchange (CME), in a move designed to capitalise on revived interest in Russia by Western investors. It is the first time the contract has…
MacIntyre to leave DeAM for New York City fund
Desmond MacIntyre, head of European pension strategy at Deutsche Asset Management (DeAM), plans to leave the German manager at the end of the month to take on the role of chief investment officer at the New York City Retirement Systems fund.
DrKW adds North Asia structured products marketer
Dresdner Kleinwort Wasserstein (DrKW) has hired Yingxin Gong as structured product marketer in its capital markets sales and marketing team in Singapore.
BNP to offer derivatives based on S&P Hedge Fund Index
BNP Paribas has been granted a licence by Standard & Poor’s (S&P) to deliver derivatives products linked to the S&P Hedge Fund Index. BNP is the first bank to be given permission to develop derivatives based on the index.
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…
Salame joins Tanemura as co-head of credit derivatives at Goldman
Goldman Sachs has promoted head of credit trading for Europe and Asia, Pablo Salame, to co-head of global credit derivatives alongside Ron Tanemura, who was previously sole global head of credit derivatives.
Mexican central bank signs up to OpenLink
Banco de Mexico, the central bank of Mexico, has signed up for OpenLink’s Findur solution to integrate its front-, middle- and back-office functions. OpenLink is a New York-based trading and risk management software company.
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…
Deutsche Bank seeks plays on EU convergence
Deutsche Bank has launched a Central European foreign exchange (CEFX) convergence index designed to provide optimally weighted risk/return exposure to the Polish, Hungarian, Czech and Slovakian currencies. The index is tradable as a spot currency, with…
CLS Is Live. What Next?
CLS participants breathed a huge sigh of relief when the long-awaited system launched successfully. Is anyone ready to start expanding the system to new products?
Deutsche Bank credit team gets a Spanish lesson
Use of credit derivatives in structured products under scrutiny after BZ Gestion fund suffers losses
Deutsche's hedge fund business and Plusfunds to distribute S&P Hedge Fund Index products
DB Absolute Return Strategies (DB ARS), the global hedge fund management business of Deutsche Bank, and PlusFunds, a New York-based service platform for hedge funds, have signed an agreement for the distribution of S&P Hedge Fund Index-based products…
Cross-products find their feet
Cross-product trading is no longer just a "mantra" chanted by sell-side bankers, said Matt Desselberger, managing director, corporate structured products group at Deutsche Bank in London.
Kosda to launch benchmark CMS index
The Korean Swaps Dealers Association (Kosda) plans to launch a benchmark constant maturity swap (CMS) fixing index in December, according to Seung Won Hwang, head of derivatives marketing at Citibank and co-chairman of Kosda.
Citigroup wins FX Week strategy award
Citigroup’s FX strategy team took the top spot in FX Week's best bank in FX research and strategy award, ousting last year’s winner Deutsche Bank into second place.
Credit protection for German financial institutions remains stable
The cost of credit protection for German financial institutions, including Deutsche Bank, Dresdner Bank and insurer Allianz, remained relatively stable today, despite negative rating outlook changes from Moody’s.
Data hurdles
The risk management rumour mill has been buzzing in recent weeks with the story that US banking regulators have told the senior management of the country’s 30 largest banks that they will be expected to implement the advanced internal ratings-based (IRB)…
Deutsche to roll out electronic bond platform in Thailand
Deutsche Bank’s global markets business unit plans to roll out its eCommerce bond and credit note trading platform in Thailand by the end of the month. Called ‘Autobahn’, the platform will trade Thai government bonds via Bloomberg terminals. The move…