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Citi names Vikram Pandit as CEO
Citi has appointed Vikram Pandit as a replacement for its previous chief executive officer, Charles Prince, who stepped down in November after the bank faced writedowns of billions of dollars on its mortgage-backed securities business.
Another CDO head leaves Calyon
Edouard Bremond, previously global head of cash collateralised debt obligation (CDO) structuring, has left Calyon.
BGC hires head of fixed-income e-commerce
Andrew Stone has been appointed head of fixed-income products for e-commerce at London-based interdealer broker BGC.
Grosvenor CEO to step down after 20-year tenure
Jeremy Newsum, group chief executive at Grosvenor, has announced his resignation as of June 30, 2008.
Open outcry fading away as Nymex fends off rivals
New York Mercantile Exchange (Nymex) chairman Richard Schaeffer said today that 80% of the exchange’s business is now done electronically, as the open outcry trading floor becomes “less and less meaningful”. He also outlined ambitious plans for 2008, and…
Citi hires head of emissions markets
Citi has appointed Garth Edward as its new head of emissions markets, based in London. He will cover the bank’s global efforts in carbon trading and Kyoto emissions credits.
New insurance and pensions head at Credit Suisse
David Prieul has joined Credit Suisse in London as head of the European insurance and pensions solutions group.
Zubrow named as JP Morgan risk chief
JP Morgan Chase has appointed Barry Zubrow as chief risk officer, replacing Don Wilson, who retired earlier this year.
Calyon rebuilds Asian equity derivatives team
French bank Calyon has made several sales appointments to its Asian equity and fund derivatives team since June, following the departure of a number of senior executives in the first half of the year.
Cream of the crop
awards
Leader of the pack
FRM's founder Blaine Tomlinson won the inaugural Hedge Funds Review award for best long-term achievement in the fund of hedge funds industry in November. He and FRM Limited CEO Paul Dunning reflected on how the industry has changed and institutionalised…
Invest in US - but only if we say so
us long/short
Caution pays
If you find the frustration of losing money too much to bear, Gems Advisors may be able to help. David Walker spoke to its CEO Miguel Abadi to find out how
Ringing in the new year - what will it bring?
fund outlook