HSBC
Banks draw up EU25 battle plans for FX
Far-sighted banks and brokers are drawing up their foreign exchange battle plans for the Europe that will be enlarged by the ten new member states joining this weekend, reports RiskNews' sister publication FX Week .
RBS recruits Tokyo prop forex trader
UK-based Royal Bank of Scotland (RBS) has recruited Luke Waddington as a proprietary foreign exchange trader to work in its Tokyo office.
HSBC names new London chief
HSBC will have a new head of European and Middle Eastern foreign exchange in London in early May, when Andrew Brown transfers from Hong Kong to take on the key role, reports RiskNews' sister publication, FX Week .
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.
HSBC reaps rewards in US
HSBC has seen a threefold increase in foreign exchange client volume in North America over the past year, following its recruitment drive in the region, reports Risk’s sister publication FX Week .
Arete expands database of structured products
StructuredRetailProducts.com, a derivatives and structured products website owned and maintained by London-based risk management consultancy Arete Consulting, has expanded its coverage with the addition of a database of more than 300 French products…
HSBC’s forex chief retires as bank makes highest-ever forex profits
Rob Loewy, head of foreign exchange at HSBC for the past 15 years, retired last week as the bank announced its highest-ever dealing profits for foreign exchange.
HSBC signs up for Norkom risk software
HSBC has bought the Alchemist risk management system from Dublin-based software company Norkom Technologies.
HSBC signs up for Norkom risk software
HSBC has bought the Alchemist risk management system from Dublin-based software company Norkom Technologies.
More banks putting capital into research
ABN Amro and Barclays Capital are among the increasing number of banks putting money on their trade recommendations for foreign exchange, reports Risknews’s sister publication FX Week . Both have allocated money to start trading on model portfolios this…
BNP Paribas recruits in metals trading team
French bank BNP Paribas has recruited Russ Plackett as a senior metals trader to work in its London office.
Charles-Henri Filippi set to head CCF
Charles-Henri Filippi is set to become the new chairman and chief executive of CCF, the French arm of UK-based bank HSBC, following the retirement of current boss Charles de Croisset at the end of February.
BOCI launches CLNs for retail investors in Hong Kong
Bank of China International (BOCI) has launched its first credit-linked investment product for Hong Kong’s retail investors.
Standard Chartered poaches JP Morgan Chase veteran
Standard Chartered has hired JP Morgan Chase veteran Richard Leighton as global head of foreign exchange options in London.
Westpac expands foreign exchange sales
Dorene Mallon has joined Westpac in New York today as a senior vice-president in institutional foreign exchange sales. She reports to David Beale, global head of institutional sales at the Australian bank in London.
ABN Amro continues derivatives build-up
ABN Amro has hired two foreign exchange derivatives marketing managers in the latest stage of its ongoing derivatives business expansion.
HSBC closes $380 million synthetic balance sheet securitisation
HSBC has closed a HK$3 billion ($380 million) synthetic balance sheet securitisation transaction backed by its taxi and public light bus hire purchase agreements. It is the first synthetic transaction backed by such asset classes in Asia.
Algo to release flagship Basel II-compliant system in January
Canadian risk management systems vendor Algorithmics will release version 4.4 of its Algo Suite flagship product on January 15.
Algo to release flagship Basel II-compliant system in January
Canadian risk management systems vendor Algorithmics will release version 4.4 of its Algo Suite flagship product on January 15. Its enterprise-wide risk management system will include all the features necessary for Basel II regulatory capital reporting,…
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.
HSBC hires three for structured products business
HSBC has bolstered its structured products business in Asia, with the addition of new hires from three of its regional rivals, Citigroup, Deutsche Bank and JP Morgan Chase.
HSBC USA adopts Calypso for equity derivatives
HSBC Bank USA has extended its use of Calypso Technology’s trading and processing platform to include equity derivatives products.
Deutsche names new structured products head
Marc Badrichani has joined Deutsche Bank in London as head of the corporate structuring group for Europe.
Deutsche hires Blyth to run rates arbitrage unit
In the latest example of a growing industry trend, Deutsche Bank has set up a new proprietary trading unit, to be run by Stephen Blyth, which will specialise in interest rates' relative value and arbitrage. Europe is currently believed to be particularly…