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LSE predicts UK equity derivatives surge
Clara Furse, chief executive of the London Stock Exchange (LSE), today warned that stamp duty on UK share trading could increasingly damage London’s competitive advantage in international financial markets and thereby reduce the likelihood of the UK…
JP Morgan restructures credit and interest rate operations
JP Morgan Chase is creating a global credit management group, incorporating credit risk management, corporate banking and credit lending. The new division is intended to reflect a market trend away from differentiating between different debt instruments…
Major Spanish client for patsystems
Banesto Bolsa, the Spanish brokerage arm of the Banesto banking group, has signed up to J-Trader Gold, a derivatives trading service supplied by patsystems, the London-based software vendor.
Credit Agricole Indosuez boosts credit derivatives team in Asia
Credit Agricole Indosuez has hired Medes Ma as credit trading manager in its credit derivatives team in Hong Kong, according to Loïc Fery, head of credit derivatives Asia.
AIB appoints 'special' risk management adviser
Allied Irish Banks has appointed a 'special adviser' on risk management in the wake of fraud investigations into its US subsidiary Allfirst, which lost almost $700 million in currency trading.
Dresdner hires new director in hedge fund sales group
Dresdner Kleinwort Wasserstein has hired Jean Pierre Engele as a director in its equity hedge fund sales team.
CDC Ixis hires two ex-Gen Re staff
CDC Ixis Capital Markets has hired two ex-Gen Re staff to its structured derivatives and derivatives marketing teams.
Isda AGM: Carver takes on SwapsWire challenge
SwapsWire, the electronic derivatives trade processing platform backed by 23 leading dealers, has announced that Chip Carver, head of e-commerce for the rates business at Goldman Sachs, has been recruited as its new chief executive. He replaces Andrew…
Deutsche appoints new fixed-income head in Europe
Deutsche Bank has appointed Scott Gewirtz as head of fixed income in Europe.
ABN Amro adds to Asian structured derivatives team
ABN Amro has hired Jamie McWilliam to bolster its structured derivatives team in Hong Kong.
Structured products
Despite hedge funds promising absolute returns, plenty of buyers want guarantees on top
Bucking the downturn
The Decillion Convertible Arbitrage Fund has risen 16% in the past eight months despite concerns about volatility and credit in the market
Managing the future
Market volatility adds to the woes of global macro and managed futures
Safety first
After a turbulent 1998, Swiss-based Signet Research & Advisory has undergone a radical risk assessment of its fund of hedge funds
EU officials act on post-Enron policy issues
European Union (EU) finance ministers and central bankers ordered a review on Saturday of the supervisory issues for derivatives trading and the preparation of financial data to try to avoid any Enron-like collapses in Europe.
ABN Amro expands FX options team
Dutch investment bank ABN Amro has added three traders to its global foreign exchange options business.
Booth to head credit trading at RBS
The Royal Bank of Scotland (RBS) has hired Stewart Booth as head of credit trading for the capital markets division of RBS Financial Markets. Booth will not only run trading for credit derivatives, but also RBS' investment grade and high-yield businesses.
Merrill makes more key FX hires
Merrill Lynch has made another number of key hires to its FX team following the appointment of Michael deSa as global head of FX late last year. The US investment bank has lured Adam Kreysar, the highly rated global head of FX options at UBS, as its new…
Chubb head calls for more chief risk officers
Dean O’Hare, chairman and chief executive of Chubb Corporation, believes companies without a chief risk officer are not handling risk management effectively. Speaking at the Risk & Insurance Management Society’s annual conference in New Orleans today, O…
Patsystems to recruit new chief executive
Patsystems, the London-based derivatives trading systems vendor, is actively seeking a replacement for chief executive David Jones, according to company sources.