People
Citi to get new FX options head
Andrew Goldberg will join Citibank as head of foreign exchange options in New York on April 1, a source close to the bank told RiskNews ' sister publication FX Week . He will report to London-based global head of forex options, Steven Reiter.
A tighter reign
The SEC, America's market regulator, is set to introduce regulations which could transform the way hedge funds with a US connection do business
Looking at the alternative
Hedge funds are a perfect investment for with-profits funds, with their aim of offering smoothed investment returns. The challenge for hedge fund managers is getting noticed by the life offices which manage them
Ex-Merrill Lynch team sets up a Mako market neutral fund
four-strong mako team aims to deliver 10%-15% returns
Derivatives come under fire from hedge product experts
warren buffett calls for better research into instruments
AIG hires ex-Commerzbank options dealers in London
Former Commerzbank foreign exchange options dealers Behnouche Mostachfi and Damian Zihlman have joined AIG Trading in London. Both report to Greenwich-based global head of foreign exchange options and head of forex Donald Lee.
In need of reassurance
The knock-on effects of the crisis in equities has hit the insurance sector particularly hard – so much so that UK regulatory body the FSA has been forced to step in and allow certain insurers to breach mimimum solvency ratios.
European demand for op risk talent set to surge in 2003
LONDON — Executive recruiters are seeing a strong rise in interest in hiring operational risk talent for commercial and investment banks, and dozens of fresh mandates.
Bear Stearns appoints new head of convertibles origination
Bear Stearns has appointed Paul Rosica from Lehman Brothers as senior managing director and head of convertibles origination in its equity capital markets group.
Modelling the unthinkable
Terrorism insurance
Tailoring internal models
Risk models
Advancing op risk management using Japanese banking experience
Junji Hiwatashi and Hiroshi Ashida of the Bank of Japan outline a practical framework for operational risk management, derived from research and experiences in Japan's financial community.
UBS Warburg taps CDO structurers from JP Morgan Chase
UBS Warburg has recruited two senior collateralised debt obligation (CDO) structurers, Jeff Herlyn and Mike Rosenburg, from JP Morgan Chase.
Fimat appoints Zeltwanger as US chief executive
International derivatives brokerage house, Fimat, has named Cynthia Zeltwanger, former general manager of the company’s Chicago office and chief operating officer of the US business, as the new chief executive of Fimat USA.
Caruana to replace McDonough as Basel Committee chief
Jaime Caruana, governor of the Bank of Spain, will replace William McDonough, president of the Federal Reserve Bank of New York, as chairman of the Basel Committee on Banking Supervision.
Securities trading could be money laundering tool
PARIS — Securities trading is a potential mechanism for money laundering, the Financial Action Task Force (FATF) said in February.
ABN Amro expands structuring and advisory capabilities in Asia
Dutch bank ABN Amro has significantly bolstered its financial institutions and public sector group in Asia with the addition of 10 new hires, as it looks to extend its structuring and advisory capabilities across the region.
Caruana to replace McDonough as Basel Committee chief
Jaime Caruana, governor of the Bank of Spain, will replace William McDonough, president of the Federal Reserve Bank of New York, as chairman of the Basel Committee on Banking Supervision.
Profile: SEB strives for total operational risk acceptance
STOCKHOLM, Sweden — Within the discipline of operational risk, it's often fancy mathematical models and souped-up databases that executives choose to focus on. But Lars Hansén, manager of Swedish financial company SEB's group op risk team, says it's the…