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Burnt by contango
Investors have poured tens of billions of dollars into commodity index products, but some claim the flood of capital has caused structural changes in commodity markets. And as spot prices fall, it could lead to an exodus of cash from these investments…
Commerzbank names head of structured credit trading
Mehmet Artun has joined Commerzbank as head of structured credit trading.
BNP Paribas lures Flannery from Deutsche Bank
Matthew Flannery has jumped ship from Deutsche Bank to BNP Paribas’ equity finance trading division. As a New York-based director at BNP Paribas, he will be responsible for helping build the French dealer's equity swaps and synthetic prime brokerage…
Nomura's equity derivatives head departs
Joachim Willnow, head of equity derivatives at Nomura in London, has left the bank. He has been replaced by Mike Fullalove and Marco Mocquard, who have been promoted to co-heads of the equity derivatives business for the Japanese bank. Fullalove would…
Calyon names Dubois as Asian derivatives head
Cedric Dubois is moving to Hong Kong as head of equity and fund derivatives for Calyon Corporate and Investment Bank.
BNP Paribas expands structured credit team
Olivier Vigneron has joined BNP Paribas as global head of structured credit risk management in London. The move is part of a raft of appointments at the French bank as it seeks to expand its structured credit business in the hedge fund and institutional…
Kratz to run Permal funds in Asia
Fund of hedge funds manager Permal Group has named Bo Kratz as its managing director for Asia.
Solvency II – the progress so far
The 14 directives that make up the package that is Solvency I are comprehensively out of date in terms of capital adequacy and risk. Regulators began work on the new Solvency II framework in 2002, structured around a risk-based system that applies…
Butte joins Man Financial as CFO
Amy Butte, the former chief financial officer (CFO) of the New York Stock Exchange, has joined futures broker Man Financial as CFO.
Dubois to head up Calyon’s equity and fund derivatives business in Asia-Pacific
Calyon Corporate and Investment bank has promoted Cédric Dubois to regional head of equity and fund derivatives for Asia-Pacific, including Japan.
Henderson makes further hire in structured products
UK based investment manager Henderson Global Investors has continued to expand its structured products business with the recruitment of Shammi Malik as portfolio manager in the structured products team. Malik will report to Jim Irvine, who was appointed…
Notley takes time out from Morgan Stanley
Sean Notley, co-head of European fixed income at Morgan Stanley in London, has taken three months' leave of absence.