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Calyon cuts back derivatives operations
Calyon will cut 500 jobs and pull out of the structured credit and derivatives markets as part of a plan to survive the market downturn.
Calyon reduces equity derivatives risk profile in restructuring
Calyon will centre its business around structured finance, equities including brokerage and equity derivatives, and fixed income following the implementation of a restructuring plan that was explained at a briefing in Paris this afternoon. The…
Axa names fixed-income CIO
Chris Iggo, formerly a senior strategist on the investment strategy team, has been appointed Axa Investment Managers’ chief investment officer of fixed income, a newly created position.
RBS creates FI sales head post for Asia ex-Japan
Royal Bank of Scotland (RBS) has hired Manish Mahajan in a newly created role as head of sales for financial institutions (FI) for Asia excluding Japan. He joins from Deutsche Bank in Singapore, where he was head of rates sales and strategic solutions…
Old Mutual’s CEO resigns after facing writedowns
Jim Sutcliffe, chief executive of London-based financial services company Old Mutual, has resigned from the firm after it reported it would face heavy writedowns in its US life insurance division, US Life.
RBS names head of forex trading, Americas
Royal Bank of Scotland (RBS) has appointed Christiane Mandell as head of foreign exchange (forex) and local markets trading for the Americas, based in Greenwich, Connecticut.
Fitch nears end of global CDO review
Almost a year on from its global collateralised debt obligation (CDO) ratings embargo, Fitch Ratings is months away from determining the final status of ratings on hundreds of corporate CDOs.
CPDOs under review as Moody’s announces further error
New York-based ratings agency Moody’s Investor Services announced on September 4 it might downgrade several constant proportion debt obligations (CPDOs) after discovering another error in its securities monitoring.
BGI appoints Fuhr global head of ETF Research and Implementation
Barclays Global Investors (BGI) has appointed Deborah Fuhr as global head of exchange-traded funds (ETF) Research and Implementation Strategy, in a newly created role effective from September 15. Fuhr will also occupy the position of a managing director,…
Credit Suisse adds four to private banking in Australia
Credit Suisse has enhanced its private banking division in Australia with the addition of four new bankers: Andrew Bird has joined as director, senior relationship manager; Lucinda Bloom as vice-president, structured derivatives; Paul Aliprandi as vice…
Fuhr to cover exchange-traded funds at BGI
Deborah Fuhr, who previously headed exchange-traded funds (ETF) research at Morgan Stanley, has joined asset manager and ETF provider Barclays Global Investors (BGI) in a similar role.
Lehman appoints new fixed-income chiefs
Lehman Brothers has appointed Eric Felder and Hyung Soon Lee as global co-heads of fixed income.
UBS names new global head of fixed income, currencies and commodities
Carsten Kengeter will join UBS in the beginning of 2009 as global head of fixed income, currencies and commodities (FICC).
UBS appoints Kengeter global head of FICC
Carsten Kengeter will join UBS in early 2009 as global head of fixed income, currencies and commodities (FICC), reporting to Jerker Johansson, Chairman and CEO of UBS Investment Bank. Johansson has been the interim head of the group after André Estevez…
Olympia nabs Goldman Sachs French sales head
Olympia Capital Management has appointed Laurent Dupeyron in the new role of head of sales, marketing and product development. Dupeyron joins the firm from Goldman Sachs, where he was a managing director and had been in charge of sales and marketing of…
Credit Suisse boosts Central Europe sales
Christian Porath has been appointed co-head of Securities Structured Derivatives Sales in Central Europe at Credit Suisse, with a focus on developing coverage of the banking sector in the region, including Germany, Austria, Poland, Hungary, the Czech…
BNP creates distressed finance group
BNP Paribas has established a new distressed finance group, to be led by Alain Dib. Dib, previously co-head of European high-yield capital markets, will remain in London.
Pimco CEO to retire
Bill Thompson, chief executive of the US asset management firm Pimco, will retire at the end of the year, to be replaced by co-chief executive Mohamed El-Erian.
Icap to broker base metals on the LME
Interdealer broker Icap has launched a London Metals Exchange (LME) base metals broking business.
Lamfalussy committees restate responsibilities
Daily news headlines
Standard Chartered names two new global heads
Standard Chartered Bank has named new global heads of structuring, and equity derivatives and commodities.
BarCap names head of equity derivatives flow sales
Barclays Capital has appointed Yannick Mallegol as head of equity derivatives flow sales.
HFM Columbus appoints two managers from Ward Consultancy
HFM Columbus has appointed James Scott and Ross Ibbotson as private client financial consultants in its London office. Both previously worked at Ward Consultancy as private client managers, where Ibbotson has spent eight years. Scott has also worked for…
Stanchart elevates equity derivatives and structuring
Standard Chartered has appointed Vincent Van Pelt as global head of equity derivatives and commodities and Vinod Aachi as global head of structuring. Van Pelt’s new role harnesses equity derivatives and commodities for the first time at the bank, with…