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FSA sets out the future of principles-based regulation
FSA out with paper setting out its current thinking on its move towards a more-principles-based regulatory regime.
Icap appoints new risk head
Herve Geny has joined interdealer broker Icap as global head of risk.
UBS enters European power and gas
UBS has launched its European power and gas business with a trade in the UK gas market.
Isda AGM: new board named
Isda named its new board of directors at its annual general meeting in Boston yesterday.
Bear Stearns names new European heads
Bear Stearns has named two new heads of European operations, both to be based in London.
F&C hires for quant equity strategy desk
London-based F&C Investments has hired Erik Rubingh to recruit a quantitative equity investment strategies team.
Mason joins Carlyle's Asian leveraged finance group
Eric Mason has joined the Carlyle Group as a managing director in the leveraged finance group.
Dresdner hires in Japan
Dresdner Kleinwort has appointed Joseph Kraft as head of capital markets for Japan, succeeding Jean-François Minier, chief executive of Asia-Pacific, who has been acting head since July 2006.
Citi acquires Old Lane and new head of alternative investments
Citi has bought US hedge fund Old Lane Partners and appointed one of its founders, Vikram Pandit, as chief executive of Citigroup Alternative Investments (CAI). Pandit’s co-founder John Havens will also join CAI as president.
CFTC chairman to leave for State Department
Reuben Jeffery, the chairman of the US Commodity Futures Trading Commission (CFTC), is expected to leave the futures regulator, after being nominated by US President George Bush as undersecretary of state for economic, energy and agricultural affairs…
Renaissance Capital continues derivatives expansion
Moscow-based investment bank Renaissance Capital has hired seven senior staff for its rapidly expanding derivatives, debt and fixed-income teams.
Axa CDO managers resign
Two of Axa Investment Management's top investment-grade collateralised debt obligation (CDO) managers have resigned.
Citi's risk management goup to be trimmed
Some risk management roles will be lost as part of Citi’s streamlining announced this week.
Bertrand des Pallieres leaves Deutsche Bank
Bertrand des Pallieres, Deutsche Bank's co-head of structured credit, has left the bank.