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HSBC promotes Brown to head of FX
HSBC has promoted Andrew Brown to global head of foreign exchange, a new position.
EXCLUSIVE: BNP Paribas’ Steinberg promoted to head of equities and derivatives, Americas
Todd Steinberg, previously deputy head of equity derivatives, Americas, for BNP Paribas in New York, has been promoted to head of equities and derivatives, sources close to the French bank confirm. He succeeds Amine Belhadj who relocates to London as…
BNP Paribas' Steinberg to head equity derivatives for the Americas
Todd Steinberg, previously deputy head of equity derivatives, Americas, at BNP Paribas in New York, has been promoted to head of the team, sources close to the French bank told RiskNews' sister publication, Structured Products Extra .
Banks get stressed
The UK's Financial Services Authority has called on banks to improve stress testing of possible disruptive events, while the Basel Committee declared last year that firms must supplement their value-at-risk models with stress tests. But some bankers…
Allen & Overy reorganises in Asia
Law firm Allen & Overy has further broadened its derivatives and structured finance group in Hong Kong and China with partners Paul Cluley and Joseph Tse and associates Fion Ha, Karen Lee and Joanna Chan.
Deutsche Bank names head of EM debt trading
Deutsche Bank has appointed Kay Haigh as head of emerging market debt trading in London.
Allen & Overy expands Chinese derivatives team
Allen & Overy is to continue the expansion of its team covering derivatives in Hong Kong and on the Chinese mainland. The international legal firm said the development of the derivatives market in China had led to an increased demand for specialised…
BNP Paribas hires Bystrom for new ETF options trading role
BNP Paribas has hired Dan Bystrom as head of exchange-traded fund (ETF) options trading in New York, in a newly created role.
Institute of Op Risk up and running
LONDON – The Institute of Operational Risk, long in the planning stages, is now gathering momentum, according to Philip Martin, director of the organisation.
Credit Suisse expands de Boissard's role to include forex
Credit Suisse has expanded Gael de Boissard's position to include management of its global foreign exchange sales and trading business, in addition to his current role as co-head of fixed income for Europe at the bank’s London office.
Merrill Lynch structured credit director defects to Deutsche Bank
Deutsche Bank has lured Jay Bryant from Merrill Lynch to work as a director in its collateralised debt obligations (CDOs) division in New York. He joins after nine years at Merrill Lynch, where he most recently held the position of director of structured…
Isda AGM Singapore: Isda working on sharia-compliant documentation
The International Swaps and Derivatives Association is working to develop formal documentation for sharia-compliant derivatives transactions, chief executive Robert Pickel told RiskNews at an interview at the association’s annual general meeting in…
GFI launches dry freight physicals desk
GFI has hired four brokers for its new dry freight physicals desk in London. The New York-based inter-dealer broker expects the desk to become operational during the second quarter and said it will complement its established business in dry freight…
Gumier to head BoA investment in Italy
Bank of America has appointed Alessandro Gumier as head of global investment banking for Italy.
UK PPF chief quits
Myra Kinghorn, chief executive of the UK Pension Protection Fund, has resigned and will leave the firm within the next three months.
SG’s Bernard Desforges to head equity derivatives in Asia
Société Générale has appointed Bernard Desforges as head of equity derivatives, Asia-Pacific.
Deutsche Bank hires UBS mortgage unit
Deutsche Bank Securities has hired three New York-based mortgage specialists from UBS – Troy Dixon, Keith Willard, and Cyle Berwanger. The new hires will expand the firm’s pass-through mortgage trading group in its global markets division, with Dixon…
FSA simplifies training and competence rules
The UK Financial Services Authority has confirmed that its detailed rules on training and competence (T&C) will not apply from next year to those individuals in financial firms who deal only with wholesale or non-private customers.
Primus hires McLendon
Primus Guaranty, a credit derivatives boutique, has hired Charles McLendon as president of asset management - a newly created role at the company.
Barclays Capital prises Shelton from Citigroup
David Shelton has quit his position as a director in Citigroup’s global credit derivatives research unit in London, and is to join Barclays Capital.
Facing the Four Risks
CIOs must prepare for threats that could spell disaster for their firms, so how can they survive in dangerous waters?