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Sovereign remedy

The World Bank, the lender of last - and often first - resort for the poorer nations of the world, uses derivatives to hedge its own risk book much as any other bank would. But it has another important role in the risk business: acting as an intermediary…

DDQ nabs HSBC’s Chris Taylor

Dawnay Day Quantum (DDQ), the London-based specialist investment manager, has hired Chris Taylor as managing director of its Structured Investments division. He is charged with developing DDQ’s structured investments business.

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