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New deputy chairman at Tradition
French interdealer broker Tradition has named Bruce Collins as its new deputy chairman.
€4.9 billion fraud at Société Générale
Société Générale has suffered a €4.9 billion loss from rogue dealing by one of its equity index futures traders, forcing it into a €5.5 billion rights issue.
Shake-up at SG follows rogue trader losses
Top management at Société Générale has been reshuffled in the wake of the rogue trades which cost the bank €5 billion in losses this month.
Questions remain over SG rogue trader
In a conference call this morning, Société Générale's chairman, Daniel Bouton, attempted to explain how the bank came to suffer losses of almost €5 billion from a single rogue trader on its equity index futures desk, but left many questions unanswered.
Man Investments opens Singapore office
Man Investments, a London-headquartered alternative investments manager with $71 billion under management, today opened an office in Singapore. Tim Peach, head of sales for South-east Asia, will relocate from Hong Kong to lead the Singapore team.
Calyon names credit head
Neal Neilinger has joined Calyon in London as global head of the credit business, part of the bank's debt and credit markets division. He will report to the global head of debt and credit markets, Jim Siracusa.
Schueler leaves Deutsche
Marcus Schueler, head of integrated credit marketing at Deutsche Bank, has left the bank.
Nazareth resigns as SEC commissioner
The Securities and Exchange Commission (SEC) has confirmed that commissioner Annette Nazareth will step down from her role at the US regulator at the end of the month.
Commerzbank launches UK and Ireland sales
Commerzbank Corporates & Markets (CBCM) has launched a UK and Ireland Financial Institutions Marketing (FIM) sales team which includes two new hires, Eugene Collins and Steven Muzzlewhite. The initiative marks the expansion a European structured products…
CFTC appoints regional administrators
The Commodity Futures Trading Commission (CFTC) has appointed three members of its staff as regional administrators, as part of a plan to improve communication among all CFTC locations.
Kookmin merges risk and finance units, promotes CRO
Seoul-based Kookmin Bank combined its risk management and financial management groups as of January 1 and promoted chief risk officer (CRO) Donald MacKenzie to chief financial officer (CFO) and head of the newly merged group.
SIFMA gains new CEO
The Securities Industry and Financial Markets Association (SIFMA) has hired Timothy Ryan as its chief executive, replacing Marc Lackritz.
Pioneer Investments recruits Price-Haworth as head of Institutional & Wholesale UK
Roger Price-Haworth joins Pioneer Investments as head of Institutional & Wholesale Business UK, a newly created role based in the London office. He will report to Paul Price, head of Global Institutional.
Markit opens Sydney office
London-based Markit, a provider of independent data, portfolio valuations and over-the-counter derivatives trade processing, has opened an office in Sydney, its first in Australia and third in the Asia-Pacific region.
Macquarie appoints Asia head of renewables
Australian financial group Macquarie has hired Anton Rohner in a newly created position as head of Asian renewables at Macquarie Capital Advisers in Hong Kong, where he will look after renewable energy investments.
BNPP adds Tranter as head of European equity derivatives flow sales
Nick Tranter will join BNP Paribas as head of European Equity Derivatives Flow Sales on January 28. Tranter will also oversee the French bank’s equity derivatives business with UK clients. He will report to Denis Frances, global head of equity…
Lowenstein brings in derivatives expertise
Lowenstein has taken on Sherri Venokur as part of its investment management group. Venokur will be chair of the New York-based law firm’s derivatives practice group. Her appointment marks a move by Lowenstein to become more involved in the derivatives…