Societe Generale
SG appoints interest rate derivatives marketer
SG, the investment banking arm of French bank Société Générale, has appointed Arun Jagannathan from Merrill Lynch to sell interest rate derivatives and structured products to German and Austrian banks.
Third-party CLS take-up slows
Take-up of the continuous-linked settlement (CLS) service by third-party banks is slowing as a result of time-consuming back-office changes and a waning sense of urgency, CLS project managers told RiskNews ' sister publication, FX Week .
Fimat to launch foreign exchange futures in Poland
Fimat Group, the brokerage arm of French investment bank SG, is developing new exchange-related foreign exchange futures contracts in eastern Europe to widen its currency product portfolio for its institutional client base.
BNP Paribas beats SG for ZCM assets
French bank BNP Paribas has entered the final stages of negotiations to purchase about 140 structured transactions linked to funds investments from Zurich Capital Markets (ZCM), a division of Swiss insurer Zurich Financial.
Deutsche boosts commodities business in Asia
Deutsche Bank has hired Richard Ng as vice-president and commodities marketer for the bank’s global markets business unit in Singapore.
SG to be first to market with UK currency warrants
SG, the investment banking arm of Société Générale, will issue the first currency warrants in the UK next week. The move follows the release of warrants linked to oil, gold and house price moves by Goldman Sachs, SG’s biggest rival in this area.
SG appoints new head of equity sales and trading
SG, the investment banking arm of Société Générale, has appointed Jacques Ripoll – who was in charge of the equity financing group within equity derivatives and also the hedge fund sales group – as head of equity sales and trading.
International banks have stronghold in Italian derivatives market
The first survey of Italian derivatives dealers conducted by Risk Italia , the Italian language edition of Risk , found that international banks have a stronghold in the Italian derivatives market. But the results were also encouraging for Italian banks,…
Risk Italia 2003: Italian covered warrants market will recover
The Italian covered warrants market will recover, despite recent falling volumes, said Marco Montanari, head of the Italian covered warrants market at SG, speaking today at Risk 's inaugural Risk Italia conference in Milan.
Debreu sets up new Los Angeles derivatives office for SG
Stanislas Debreu, formerly head of global equity derivatives sales and marketing at SG in Paris, has founded a new equity derivatives sales office in Los Angeles for the French bank. Debreu took up his new role as SG's head of West Coast-based equity…
SG reorganises European forex derivatives sales team
SG, the corporate and investment banking arm of Société Générale, has reorganised its London-based, western European (excluding France) foreign exchange cash and derivatives sales team into two specialised lines.
Fimat Group reinforces Asian operations
Fimat Group, the brokerage arm of French bank Société Généralé, has promoted a number of its staff in the Asia-Pacific, in a move aimed at reinforcing its position in the region.
Lepus lists op risk leaders
US firm OpRisk Analytics, Canada-based Algorithmics, and UK company Raft International are leading the operational risk vendor market, according to a report published in January by management consultancy Lepus.
Dealers rebut UK covered warrants market flop claims
Leading warrants dealers in the UK have rebutted claims that the London Stock Exchange’s (LSE) new covered warrants market is a flop.
OM system failure behind HKEx interruption
A fault in the system of Swedish software company, OM Gruppen, was to blame for a temporary failure of the Hong Kong Exchanges and Clearings’ (HKEx) futures and options trading system last Thursday, the exchange has revealed.
LSE moves to offer new equity derivatives services
The London Stock Exchange (LSE) plans to buy OM London Exchange and will rename the company EDX London. The move is part of a bid by the LSE to improve efficiency and risk management in the equity derivatives business.
Credit protection for European telecoms continues to tighten
The cost of credit protection for European telecoms continued to tighten this week, led by France Telecom and boosted by an S&P upgrade for the Netherlands' KPN yesterday. Elsewhere in Europe, spreads remained tight with little movement, including those…
JP Morgan launches LSE-listed certificates
JP Morgan has launched the first listed certificates registered on the London Stock Exchange (LSE), targeted at retail investors. The move follows the launch in November of covered warrants in the UK.
French credit derivatives trade rules relaxed
Credit derivatives dealers are in line to win more business from French fund managers after the country’s regulator today ruled that trading restraints are to be liberalised.
SG to focus on equity derivatives in Asia
SG, the investment banking arm of French bank Société Générale, has said that it will focus on its Asian equity derivatives business after announcing the closure of its Asia-Pacific equity sales and research activities in a move that will affect 180…
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 Bank credit protection trades wider following Q3 losses
The cost of senior debt protection for Deutsche Bank has crept 5 basis points wider to 58bp-mid after the bank posted a third-quarter net loss of €299 million. In otherwise thin markets, credit derivatives traders in London said active buyers of…
Vivendi spreads widen due to Cegetel bid fears
Credit protection spreads on Vivendi Universal debt widened by 60 basis points yesterday as speculation again mounted that the French telecoms company would attempt to boost its stake in French mobile telephone company Cegetel. Five-year credit default…
LSE launches covered warrants trading
The London Stock Exchange (LSE) launched its covered warrants market this morning, giving UK private investors direct access to equity hedging tools.