Goldman Sachs
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.
DrKW appoints quant trading team
Dresdner Kleinwort Wasserstein (DrKW) has created a new quantitative trading team in London. It started trading this month and focuses on statistical arbitrage strategies.
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.
Straits Lion joins ranks of CDO managers
Straits Lion Asset Management has joined the growing ranks of Singaporean asset managers active in the synthetic collateralised debt obligation (CDO) market, following the launch of an Asian credit-dominated investment grade CDO arranged by Goldman Sachs.
Amrolia returns to Deutsche Bank
Zar Amrolia has returned to Deutsche Bank as global head of bank sales for foreign exchange and commodities.
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.
Deutsche Bank snares Goldman option traders
Deutsche Bank has snared two interest rate options traders from rival investment bank Goldman Sachs.
Lehman raids Merrill team
Lehman Brothers has raided rival investment house Merrill Lynch for a team of three foreign exchange options dealers in London, sources close to the bank told Risknews’ sister publication FX Week .
Deutsche in FX drive
Deutsche Bank has named Gordon Wallace and Nitin Gulabani as co-heads of global foreign exchange trading.
Lehman hires Tilroe for European derivatives marketing push
New York-based Lehman Brothers has hired Jason Tilroe as managing director heading up marketing of fixed-income derivatives to corporate and public sector clients in Europe. It is a new position created by the bank’s expansion in European derivatives…
University of California adds four to Enron lawsuit
The University of California continues to add plaintiffs to its lawsuit against Enron. RBC, Goldman Sachs and two law firms are now facing the university's wrath.
Morgan Stanley forex co-head retires
Morgan Stanley has made Philip Newcomb sole global head of foreign exchange, following the retirement of Peter Murray at the end of January, reports Risknews ' sister publication FX Week . Murray, who was based in London, and Newcomb, based in New York,…
ING exits Asian equities
ING Group is currently in talks with Australia’s Macquarie Bank over the sale of its Asian equity sales, trading, research and equity capital markets businesses. The bank plans to retain its equity derivatives business in the region.
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.
Goldman hires new head of inflation flow business
David Lofthouse has taken up a position at Goldman Sachs as head of inflation flow business in London.
US sets trend for high bonuses
Global commercial banks are expected to award bumper bonuses in the next three months, following a pattern set by the US investment banks in December, reports Risknews ' sister publication FX Week .
Gartmore recruits dedicated derivatives specialists
UK-based Gartmore Investment Management has added two dedicated derivatives specialists to its London-based investment team.
Bear Stearns snares another top credit derivatives executive
Bear Stearns has made another senior hire in its rapidly expanding credit derivatives department. Alex Reyfman will join the US investment bank in New York as managing director and head of credit derivatives research.
Independent third-party to take over Trac-x imminently
JP Morgan and Morgan Stanley are in the final stages of negotiations to hand over their credit derivatives index product Trac-x to an independent third-party. The move will happen “within a matter of days”, Andrew Palmer, head of credit derivatives…
Taiwan’s growing risk appetite
Relying on imports for most of its energy requirements and constrained by the government’s view that risk management is gambling, how can Taiwan tackle the challenge of price risk in its growing energy sector? By David Hayes
Goldman Sachs CP3 response published by accident
The five-page response drafted by Goldman Sachs executives to the Basel Committee on Banking Supervision's third consultative paper was published on the internet in mid-August by mistake when the committee posted other comments.
Derivatives dealers report business as usual after power cut
Major derivatives dealers say their systems coped well with yesterday’s power cuts in New York and report that trading is continuing as normal.