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F&C poaches hedge fund specialists from London & Capital
London-based asset manager F&C has hired a team of four hedge fund specialists to launch a fixed income hedge fund within its alternative investments division.
Susan Schmidt Bies resigns
Susan Schmidt Bies has resigned as a member of the Board of Governors of the Federal Reserve System
BarCap names EM equity head
Barclays Capital has named Nicholas Moreira as head of emerging markets equity derivatives trading.
Barclays Wealth hires new head of FX
Barclays Wealth, the wealth management arm of Barclays, has appointed Mireia Sitjas-Montaner in the new position of head of foreign exchange for the investment and product office.
SunGard hires COO for Kiodex
US financial software vendor SunGard has appointed Ben Jackson as chief operating officer for Kiodex, its web-based risk management tool for commodities traders.
Citigroup reshuffles fixed-income group
Citigroup has reshuffled senior management in its fixed-income group, moving many outside the US in a recognition that future growth will depend on foreign markets.
Davies resigns from Bear
Mark Davies has resigned from his position as New York-based head of global credit trading at Bear Stearns.
Cameron ousted in ABN Amro reshuffle
Niall Cameron, previously head of traded markets at ABN Amro in London, has left his post as part of a reshuffle by the head of global markets, Gary Page.
S&P: CLOs will lead European CDO growth in 2007
The European surge in cashflow collateralised loan obligations (CLO) will continue into 2007, according to a report by Standard and Poor’s (S&P).
UBS launches OTC agricultural derivatives
UBS has created a new agriculturals team and hired two traders and two marketers for its first foray into over the counter (OTC) agricultural derivatives.
RBS makes senior Asia hires
Royal Bank of Scotland Global Banking & Markets (RBS GBM) has hired new senior staff for its teams in Singapore and Japan.
Credit Suisse hires Ryan as head of securities
Michael Ryan, co-head of equities at Goldman Sachs, is joining Credit Suisse later this year as head of securities.
A Ratings Quandary
The US Securities and Exchange Commission is set to hammer out several key provisions of the US Credit Rating Agency Reform Act, intended to increase transparency in the ratings industry. But some analysts are concerned the legislation could go too far.
With a bang or a fizzle?
With the deadline having passed for submitting Basel II risk model applications to national regulators, Europe's financial institutions should be well on their way to compliance. But the reality is that many are still struggling to implement the new…