UBS
Credit managers hope for new accounting blueprint
Mark-to-market accounting has frustrated credit portfolio managers at the largest international banks. It’s made their loan books more volatile and their derivatives hedges less efficient. But accounting standards setters may be ready to review the rules…
Société Générale snares Geys
Société Générale has appointed Raphaël Geys as head of European fixed-income sales for financial institutions in London.
DrKW appoints global head of FX derivatives
Dresdner Kleinwort Wasserstein (DrKW), the investment banking arm of Dresdner Bank, has hired Tim Carrington as its new global head of foreign exchange derivatives.
The Risk Awards 2005
Risk’s sixth annual awards highlight the institutions and individuals that have surpassed expectations in highly challenging and competitive markets, as well as recognising the achievements of a broader range of end-users of derivatives.
GFI announces Fenics link with UBS
GFI Group, the New York-based inter-dealer brokerage and software company, has made a deal with Swiss investment bank UBS, to link its currency options software with the bank’s screen-trading system.
Deutsche Bank hires MBS group heads
Deutsche Bank has hired Neil Ahuja and John Roach as head of mortgage-backed securities (MBS) and mortgage derivatives trading, respectively.
CME hires ex-UBS executive
The Chicago Mercantile Exchange (CME) has appointed Michael Kobida as director of financial management at the CME Clearing House for futures contracts, reports RiskNews' sister publication, Dealng With Technology .
Merrill makes additions to EMEA equity-linked group
Merrill Lynch has made a number of appointments to its Europe, Middle East and Africa (EMEA) equity-linked group in London. All will report directly or indirectly to Harry Lengsfield, head of EMEA global markets.
Aligning Basel II operational risk and Sarbanes-Oxley 404 projects
While SOX 404 and Basel II create different challenges for operational risk managers, Nick Bolton and Judson Berkey suggest there is real value in combining the efforts.
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)…
An Exceptional Challenge
Zapping bad trades or just knowing about them when they occur is a high priority at UBS Investment Bank.
DrKW creates Nordic derivatives marketing team
Dresdner Kleinwort Wasserstein (DrKW) has made three appointments to form a new Nordic financial institutions derivatives marketing team in London. The team will market the bank’s full range of derivatives products across asset classes to clients in the…
SG strengthens equity derivatives sales
SG, the investment banking arm of Société Générale, has appointed Fredrik Langley and Raman Khosla to its equity derivatives structured products sales team in London. Both take the title executive director, a new position within the group.
UBS creates combined credit trading group in Asia-Pacific
UBS has decided to combine its Asian, Australian and Japanese credit trading businesses into a single Asia-Pacific credit trading division. It has appointed Michael Halloran as co-head of the merged group.
BAAM creates CIO position
The Blackstone Group, a New York-based venture capital firm, has appointed Bruce Amlicke as senior managing director and to the newly created position of chief investment officer of Blackstone Alternative Asset Management (BAAM), the firm’s $9 billion…
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.
Deutsche loses top LatAm derivatives marketers
Deutsche Bank has lost two of its top derivatives marketers for Latin America. Hugo Faria, head of Latin American derivatives marketing and Mauricio Esquenazi, Faria’s deputy, have left for UBS and Credit Suisse First Boston, respectively.
Enron veteran quits rates IT role at UBS
Jay Webb, a managing director for fixed-income rates and currencies derivatives IT at UBS, has resigned, bank officials have confirmed.
Martin Wiedmann leaves UBS
The departure of Martin Wiedmann from UBS in Zurich last week sparked a guessing game among his peers over which bank he is set to join, reports RiskNews ' sister publication FX Week .
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 .
Wachovia expands structured credit team
Wachovia Securities, the corporate and investment banking arm of Charlotte-based financial services company Wachovia Corporation, has recruited five people to work within the structured credit products group.
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.
UBS executes Bloomberg futures trades
UBS Investment Bank has become the exclusive executing broker for Bloomberg's Tradebook alternative trading system on the Chicago Board of Trade, Chicago Mercantile Exchange, Eurex and Euronext.liffe futures exchanges, reports Risknews’ sister…
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 .