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Merrill Lynch names new CFO
Nelson Chai has been appointed as Merrill Lynch's chief financial officer.
SG CIB promotes Mianné
Société Générale Corporate and Investment Bank has named Christophe Mianné head of its market activities, covering equity, derivatives, fixed income, currency and commodities.
RBS to subsume ABN Amro wholesale brand
Royal Bank of Scotland, which teamed up with Benelux bancassurer Fortis and Spain’s Santander to buy Dutch bank ABN Amro for €70 billion in October, will do away with the ABN Amro brand in the wholesale banking arena. The merged division will be run in…
Northern Rock’s CEO departs
Adam Applegarth, Northern Rock’s chief executive, has left the bank. He will be replaced by Andy Kuipers, subject to the UK Financial Services Authority’s approval.
Data security buck passed to CEOs, says study
Daily news headlines
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.