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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?
Land of the Setting Exchanges
The Japanese exchanges have not had a happy New Year. Can they regain trust after a series of mishaps?
DrKW expands London forex team
Dresdner Kleinwort Wasserstein (DrKW) has hired five senior staff for its London-based foreign exchange business.
Tullett to publish property derivatives prices online through Propex
Tullett Prebon Information has teamed up with Propex to publish pricing information on its property derivatives products.
Goldstein to head BNP options sales
BNP Paribas has hired Daniel Goldstein to head hedge fund option sales in London.
Bank of America loses credit correlation trading head
Alexandre Bernand, the London-based global head of credit correlation trading at Bank of America, has resigned.
Singapore releases guidelines on risk management practices
The Monetary Authority of Singapore (MAS) has released a series of guidelines on risk management practices. The guidelines cover credit risk, market risk, internal controls and the role of an institution’s board of directors and senior management.
FSA slaps £750,000 fine on GLG and its former trader
The UK's Financial Services Authority (FSA) hit London-based hedge fund, GLG, and its former senior trader, Philippe Jabre, with a fine of £750,000 each on Wednesday for market abuse.
RBS makes high-yield appointment
Royal Bank of Scotland has hired Kevin Connell as vice-president in its high yield capital markets group in London. He will be involved in both corporate and sponsor-related high yield transactions, in which he will provide origination and execution…
BarCap appoints its first commodities head for Asia
Barclays Capital is looking to increase commodity sales in Asia after appointing Russell Norton to be its first-ever head of commodities for the region. He will be based at the bank's commodities trading hub in Singapore.
BoA supplements global forex team
Bank of America (BoA) has beefed up its foreign exchange capabilities during the past month by making a number of new staff hires.