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McDonnell to head DB convertible bond trading
Deutsche Bank has named Andy McDonnell as global head of convertible bond trading.
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…
MFA's derivatives research foundation elects Handzy to board
The Foundation for Managed Derivatives Research (FMDR) has elected Damian Handzy to serve as a director on its board. Handzy is chairman and chief executive of Investor Analytics, a New York-based risk and portfolio management services firm.
Risk 's Derivatives and Risk Management Summit Europe 2006: Insurance CROs still grapple with pricing core risks
Chief risk officers at leading insurance companies are still spending too much time providing reporting figures for non mark-to-market operational risks instead of analysing the basis for models, pricing and risk assumptions across the business, Tom…
Servis joins Deutsche's CDO group
Neil Servis has joined Deutsche Bank as global head of managed synthetic collateralised debt obligation (CDO) origination and distribution.
Sponsor’s article > Pan-European Credit Data Consortium Case Study: Credit Data Pooling by Banks for Banks
Institutions seeking to apply the internal ratings-based (IRB) approach under Basel II are required to provide accurate estimates of their credit risks. However, most banks do not have enough internal data on default and recovery to calculate reliable…
Basel Committee issues principles on home-host information sharing The Basel Committee on Banking Supervision (BCBS) has issued a paper on general principles for information-sharing between home and host supervisors for Basel II.
The two relevant principles are that a bank will be held accountable by its home supervisor (principle two) yet subsidiary banks may have to meet specific needs of its host country.
Citigroup adds credit correlation specialist
Citigroup has hired Mickey Bhatia to head its global credit correlation trading business as it continues to bolster its global credit business with new appointees. Bhatia joins from Deutsche Bank, where he was head of flow credit correlation trading…
National Australia Bank denies legal action against brokers
National Australia Bank (NAB) has denied reports that its is planning to take legal action against interdealer brokers BCG International and Icap for their roles in a foreign exchange trading scandal that was uncovered in January 2004. An NAB spokesman…
Jefferies makes further hire in equity structured products
US based investment bank Jefferies has continued to expand its structured products business with the recruitment of Mark O’Donnell as its New York-based head of equity structured products. O'Donnell will partner with Alex Wohl, who recently joined as…
Core and satellite for hedge funds, part II
academic paper
Crossing the boundaries
trading technology
Feasting on family fortunes
family office investment club