Goldman Sachs
Is Basel II a hurdle too far for US broker-dealers?
Broker-dealers in the US are having to cope with the SEC's capital requirements, while still being somewhat in the dark about the upcoming Basel II framework. By Choongo Moonga
BarCap expands equity derivatives coverage
Barclays Capital has expanded its equity derivatives coverage with the hiring of Luca Agostini and Hermann Bader as directors in strategic equity derivatives.
SG boosts European rates sales
Société Générale has hired Jan de Bondt and Ian Morgan in rates sales as the bank looks to expand its European footprint in the rates business.
Nymex and Icap launch same-day OTC energy options
The New York Mercantile Exchange (Nymex) and brokerage firm Icap are to launch an over-the-counter (OTC) market in same-day options on crude oil and natural gas on July 18.
Converse joins Banc of America
Floyd Converse has moved from Goldman Sachs to Banc of America Securities, where he will head the US rates structuring unit.
Goldman poaches Asian warrants specialist from SG
Cheril Lee has quit Société Générale in Hong Kong to head Goldman Sachs’ warrants business for Asia ex-Japan.
Can research reinvent itself?
The provision of credit research to clients is undergoing sweeping reform, as regulatory concerns grow over potential conflicts of interest and banks reassess the value of giving out freebies. Philip Moore examines what this all adds up to for investors
Amend Basel II Trading Book Proposals, Basel Committee urged
American broker-dealers are opposed to some of the proposals recently published by the Basel Committee to improve the management of market risks.
Newly promoted Polverino quits JP Morgan for Merrill Lynch
Antonio Polverino, whom JP Morgan appointed as head of corporate derivatives marketing in March, has jumped ship to take a similar position at Merrill Lynch.
Dresdner hires Silvotti, reshuffles derivatives group
Dresdner Kleinwort Wasserstein (DrKW) has hired Roberto Silvotti from Calyon as head of new product development in its derivatives group.
Market Axess and DTCC team up to offer CDS index trading system
Electronic bond trading platform company MarketAxess has teamed up with the Depository Trust & Clearing Corporation's (DTCC) and 11 global dealers to create an electronic client-to-dealer trading platform for credit default swap (CDS) indexes. The CDS…
The risk monitor
As systemic risk concerns resurface, Gerald Corrigan, co-chair of Goldman Sachs’ firm-wide risk committee, has revived an industry group formed after the LTCM debacle. By Navroz Patel
BGI hires in fixed income ahead of hedge fund launch
Barclays Global Investors (BGI), the San Francisco-based asset management arm of Barclays Bank, has made four hires in its fixed-income department in anticipation of the launch of new long/short fixed-income products fund.
Goldman loses CDO co-head to Deutsche
Deutsche Bank has hired Michael Henriques as a managing director responsible for origination, structuring and risk management of principal finance opportunities within its special situations group (SSG).
Deutsche Bank boosts SSG
Deutsche Bank has appointed Michael Henriques, formerly of Goldman Sachs, as a managing director within its special situations group (SSG).
Goldman's co-head of prime brokerage joins hedge fund
Emmanuel 'Manny' Roman is to join UK-based multi-strategy hedge fund GLG Partners from Goldman Sachs. The move follows a number of defections by senior employees at the bank.
HSBC hires AIG’s Lee as head of currency exotics
Don Lee, the former head of currency options at AIG Financial Products, has joined HSBC in New York as global head of foreign exchange exotics and head of foreign exchange derivatives for the Americas.
Goldman focuses on cross-asset trading service
Goldman Sachs has announced that Noel Donohue has retired from his position as global head of firm-wide risk in New York, a position he has held since 1999. He will be replaced by Robert Berry, who has worked with Donohue since 2002. Previously, he held…
Lehman continues equity derivatives hiring spree
Lehman Brothers has appointed Arnaud Apffel as co-head of European equity corporate derivatives, alongside Marco Di Prima in London. He will report to Philip Lynch, head of global finance in Europe and David Bizer, co-head of equity sales in Europe.
Creditex, Markit and major dealers launch European credit fixings
Creditex, Markit and seven credit derivatives dealers today launched 'tradeable credit fixings' in what the backers hailed as a "milestone" in the development of the credit derivatives market.
Goldman poaches JP Morgan equity marketing team
Goldman Sachs has hired Salvatore Di Stasi from JP Morgan Chase as a managing director and to head its European equity derivatives group.
Merrill hires three for commodities group
Diego Parilla has joined Merrill Lynch from Goldman Sachs to head a new commodity solutions group. Two of Parilla’s former colleagues at Goldman, Kamal Gajree and Achim Traut, are joining him at Merrill’s new group in London.
Goldman launches Barx rival
Goldman Sachs has followed in Barclays Capital’s footsteps by launching an electronic trading platform on Bloomberg for interest rate derivatives.
Merrill nabs Goldman’s Munari
Alvise Munari, Goldman Sachs’ former European head of equity and interest rate structuring, has left to join Merrill Lynch, where he has been appointed to a new position with responsibility for equity-linked product marketing.