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Byers leaves UBS for Calyon structured credit role

Paul Byers has joined Calyon as head of structured credit sales for Europe and the Middle East in London. He joins after 13 years working for UBS, where he was most recently responsible for structured credit sales in the German and Austrian markets.

Deutsche Bank adds two to pensions group

Deutsche Bank has added two actuaries to its European insurance and pensions group in London. Paul Stanworth has moved from Royal Bank of Scotland, where he was head of insurance asset and liability management; while Norman Peard is moving from the…

China Construction Bank makes top-level appointments

China Construction Bank has appointed Pang Xiusheng as chief financial officer and Zhu Xiaohuang as chief risk officer. The two new positions are part of a major revamp of the bank’s risk management structure, and both will take up their posts…

Caruana to join the IMF

Jaime Caruana, the current chairman of the Basel Committee on Banking Supervision (BCBS) and the governor of the Bank of Spain, has been appointed by the International Monetary Fund (IMF) as counsellor and director of the new financial, capital and…

Pay rises for risk managers, says report

Compensation for risk management professionals working in asset management firms grew 18% in 2005, with salaries rising 5.5% and bonuses up 20-30% on average, according to a study by US-based recruitment firm Risk Talent Associates.

Jorion joins Paamco

California-based Pacific Alternative Asset Management Company (Paamco) has hired Philippe Jorion as a director in its risk management group.

Caruana to join IMF

Jaime Caruana, chairman of the Basel Committee and head of the Bank of Spain until July 1, is to head a new department covering financial, capital market and monetary affairs at the International Monetary Fund (IMF) in Washington. The appointment begins…

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