People
Asia heads of equities and prime brokerage leave Merrill Lynch
Two top Merrill Lynch executives based in Hong Kong are leaving the bank. Melvyn Ford, head of Pacific Rim global markets financing and services (GMF&S), left in early January, while Nigel Beattie, co-head of Pacific Rim equities, will depart on January…
FSA appoints new MD of wholesale
Sally Dewar has become the new managing director of wholesale at the UK Financial Services Authority (FSA), in one of several organisational changes at the regulator.
Congressman Baker likely to head the Managed Fund Association
Richard Baker, a Republican member of the US House of Representatives and a senior member of the House Financial Services Capital Markets Subcommittee, is in final negotiations to become chief executive of the Managed Fund Association (MFA), a Washington…
BNP names first European equity derivatives flow sales head
BNP Paribas has named Nick Tranter as its London-based head of European equity derivatives flow sales, a newly created role.
Julius Baer poaches UBS marketers in Singapore
Wealth manager Bank Julius Baer has expanded its marketing team in Singapore with several senior hires from Swiss rival UBS.
DBRS retreats from Europe
Dominion Bond Rating Service (DBRS) has closed its European offices in London, Paris and Frankfurt as a result of deteriorating revenues in the wake of the credit crisis.
Cayne bows out of Bear Stearns
James Cayne, chairman and chief executive of Bear Stearns, is the latest bank executive to lose his job as a result of large quarterly losses, according to news reports. The firm’s president, Alan Schwartz, who has been with the firm since 1976, is…
Del Missier becomes sole president of BarCap
Jerry del Missier has been appointed sole president of Barclays Capital, the investment banking arm of Barclays Bank. He remains based in London. The move comes after the resignation of Grant Kvalheim, his New York-based co-president.
Saxo Bank consolidates on financial products
Danish investment bank Saxo Bank has appointed Hugh Taggart as head of financial products.
HSBC bolsters Asian team
HSBC has appointed Gary Hung as managing director and head of intermediaries, north Asia in Wealth Management Sales, Global Markets.
Hunt leaves as State Street takes subprime charge
William Hunt, the president and chief executive of State Street Global Advisors (SSGA), has resigned, as the hedge fund’s Boston-based parent company announced it would take a $279 million pre-tax charge for costs stemming from US subprime mortgages.
UOB strengthens trading desk in Singapore
Singapore’s United Overseas Bank (UOB) has made several senior trading hires, including a new head of market-making and trading. Samuel Lin joined on December 3 from local rival OCBC Bank, where he was head of financial derivatives for group treasury.
Société Générale and Calyon launch new brokerage
Société Générale and Calyon have merged the brokerage activities of their respective subsidiaries, Fimat and Calyon Financial, and launched a new brokerage house called Newedge, based in Paris. The two banks will equally control Newedge and have…
Cool-headed and anything but distressed
David Walker met Mellon Global Alternative Investments' directors Derek Stewart and Scott MacDonald to find out how they coped last year and their plan for 2008
Single stock futures financing and the synthetic cash yield
Single Stock Futures
Staying cream of the crop
Domiciles
Taking the risk out of pension planning
David Walker spoke to Dawid Konotey-Ahulu and Robert Gardner, founders of Redington Partners, to find out how they aim to do just that ..
A prime time to invest
Choosing a prime broker can be a daunting task for any hedge fund manager. David Walker met Lehman Brothers' Gunner Burkhart for some tips on how to make the right decision and avoid the political pitfalls common in some investment banks
Employer beware!
Staffing