People
MBIA looks to past head as monolines flounder
MBIA, the Armonk, New York-based monoline insurer, has appointed Jay Brown as chairman and chief executive officer, nine months after he retired from his last position at the company.
CFTC establishes new energy markets advisory committee
The US Commodity Futures Trading Commission (CFTC) has established an advisory committee to provide a public forum examining issues related to the energy markets and the CFTC’s role in them under the Commodity Exchange Act.
Kerviel acted alone, SG report finds
The Société Générale (SG) investigation into rogue trader Jerome Kerviel has found no evidence of an accomplice, but criticises the bank's oversight teams for failing to take the initiative in following up 93 alerts triggered by his unauthorised trades.
Bear Stearns names Loic Meinnel as new European head of foreign exchange
Loic Meinnel has joined Bear Stearns as head of foreign exchange for Europe. He will also be the firm’s global head of foreign exchange options and the European co-head of emerging markets.
State Street adds six in fixed income
Institutional fund manager State Street Global Advisors has appointed six senior executives to its global fixed-income team. All six will report to Mark Marinella, State Street’s new global fixed-income chief, and will be based in Boston.
Amine appointed co-head of Credit Suisse's global investment banking department
Credit Suisse has named Jim Amine as co-head of its global investment banking department and head of its global markets solutions group.
Morgan Stanley names Owen Thomas CEO for Asia
Owen Thomas has been appointed chief executive of Morgan Stanley, Asia. Thomas has served as president of Morgan Stanley Investment Management (MSIM) since December 2005.
BNP Paribas appoints new strategy head for Americas equity derivatives
BNP Paribas has appointed Christian Roch as head of strategy and corporate development for equities and derivatives in the Americas, a newly created position at the French bank.
Deutsche loses US ABS and CDO research head
Deutsche Bank’s New York-based head of US asset-backed securities (ABS) and collateralised debt obligation (CDO) research, Anthony Thompson, is no longer with the bank.
Hervouet to head commodities for BNP Paribas in Asia
Frederic Hervouet has been appointed as head of commodity investor derivatives (CID) Asia for BNP Paribas, reporting to Lionel Semonin, global head of CID. The position is a new one for the bank, reflecting the extension of the bank's business to include…
Pioneer appoints Madar for France and Benelux distribution
Pioneer Investments has named Fabian Madar as general manager of its Paris-based French operation, with responsibilities for distribution into Belgium, Luxembourg and Monaco. Madar, who will report to Sandro Pierri, region head of South Europe and Latin…
BNP Paribas appoints new strategy head for Americas equity derivatives
BNP Paribas has appointed Christian Roch as head of strategy and corporate development for equities and derivatives in the Americas, a newly-created position at the French bank. Roch will report to Todd Steinberg, who is head of equities and derivatives…
Credit Suisse’s Abbasi moves to Asia
Credit Suisse has promoted its head of European securities structured derivative sales, Osama Abbasi, to head global securities for non-Japan Asia and Australia.
New chairman and CEO for UBS Investment Bank
Jerker Johansson has been appointed chairman and chief executive officer (CEO) of UBS’s investment bank division. He will also join the group executive board. He will be based in London and take up his new position from March 17.