Lehman Brothers
RBS hires European ABS & CDO sales head
Steven Hulett has been appointed to the new position of European head of debt markets asset-backed security and collateralised debt obligation sales at Royal Bank of Scotland.
Lehman Brothers - Product review
Lehman Brothers has launched an appealing product with its Pyxis Equity Linked Note Series 20. The product, which is effectively a China play, is issued in Hong Kong
Dougan chosen to replace group chief at Credit Suisse
Brady Dougan, chief executive of Credit Suisse’s investment banking division, has been appointed successor to Oswald Grübel as the group’s chief executive. Grübel plans to retire at Credit Suisse’s annual general meeting on May 4.
Pension cash invested in commodity indexes rallies oil price
Pension funds are increasingly investing in commodity indexes to diversify their portfolios, according to a recent Lehman Brothers report.
Lehman hires Shambayati as European emerging markets head
Soroosh Shambayati has been appointed as European head of fixed income for emerging markets by Lehman Brothers.
Lehman names Italy chief and new head of European fixed-income sales
Lehman Brothers has named Riccardo Banchetti as chief executive for Italy.
Lehman names commodities head
Lehman Brothers has named Satu Parikh global head of commodities.
Gladwin moves to Lehman Brothers
Richard Gladwin has started in his role as global head of foreign exchange at Lehman Brothers in London. The appointment follows a three-month sabbatical since he left his post as head of forex derivatives at Barclays Capital on April 21.
Lehman Brothers to launch commodity index
Lehman Brothers will launch its Lehman Brothers Commodity Index (LBCI) on July 1 to track the performance of 20 commodities futures contracts across the energy, metals, agricultural and livestock markets.
Gladwin leaves Barclays for Lehman forex role
Richard Gladwin, head of currency derivatives at Barclays Capital, has left the bank to join Lehman Brothers. Gladwin is expected to be named the US bank’s new global head of foreign exchange sales in London, although a Lehman spokesman would not confirm…
SG expands structured credit team with Morgan Stanley hire
Tony Venutolo has joined Société Générale as an executive director of the investment bank’s structured credit product group in London. He will take charge of co-ordinating marketing and product development within the structuring team.
GLG poaches Morgan Stanley's European strategy co-head
Ben Funnell has quit his position as co-head of European strategy in London to join GLG Partners as a fund manager. He will work on mixed-asset fund strategies alongside Noam Gottesman, a partner of the London-based hedge fund.
Standard confirmation for preferred CDS hammered out
Eight dealers have agreed upon standard documentation for preferred credit default swap (CDS) transactions. The new standards will likely enhance liquidity of the nascent market.
CDS IndexCo and Markit launch synthetic US CMBS index
CDS IndexCo and Markit have launched CMBX, a range of synthetic credit default swap (CDS) indexes of US commercial mortgage-backed securities (CMBS), which will trade from today.
IIC launches euro iBoxx ABS index
Frankfurt-based International Index Company (IIC) has launched the iBoxx EUR ABS 50 index, which consists of the 50 largest and most liquid AAA-rated European floating rate asset-backed securities (ABS) and mortgage-backed securities (MBS). Each…
Bank risk manager of the year : Madelyn Antoncic, Lehman Brothers
Lehman Brothers had a hectic 2005, with net revenue for the year rising 38% to $3.3 billion. But it's not just the traders that were busy.
Lehman boosts structured product sales
Lehman Brothers has appointed Sophie Landry as executive director in its structured solutions group in London.
Major dealers issue joint letter to Fed on credit derivatives
The New York Federal Reserve meeting with 14 major dealers on September 15 appears to have succeeded in coercing the industry into taking more concerted action to tackle the mounting problems in credit derivatives confirmation backlogs. Following the…
Lehman hires new FX forwards trading head
Lehman Brothers has hired Jason Margiotta from rival Merrill Lynch to run its forex forwards trading desk in New York.
Five market-makers back CME eurozone inflation futures
Barclays Capital, Ixis Corporate and Investment Bank, Lehman Brothers, Nomura International and the Royal Bank of Scotland have all agreed to become market-makers for the Chicago Mercantile Exchange’s (CME) new eurozone inflation futures contract. The…
Isda’s ‘novation protocol’ aims to tackle derivatives backlogs
The world's major derivatives dealers have signed up to the International Swaps and Derivatives Association’s long-awaited ‘Novation Protocol’, which seeks to facilitate the transfer of existing trades to third parties.
Diageo buys put to hedge General Mills stake sale
Diageo, the UK-based drinks company that makes Guinness and Smirnoff vodka, has bought a put option from Lehman Brothers that covers its entire remaining stake in US food company General Mills, owner of Cheerios, Green Giant and Häagen-Dazs ice cream.
JP Morgan nabs two from Lehman
JP Morgan has made two senior hires in trading and sales from Wall Street rival Lehman Brothers.
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