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Travelex bolsters US risk solutions unit
Foreign exchange specialist Travelex has boosted its US risk solutions group with two new hires and two internal transfers.
GFI takes on Refco Paris brokers
US broker GFI has named three former Refco brokers to head its new Paris office.
Corrie and Kyriakos-Saad latest to quit JP Morgan
John Corrie and Fawzi Kyriakos-Saad, who currently head equity and credit respectively at JP Morgan in London, have joined the mass exodus of investment banking staff that have left the bank in the past 12 months.
Questioning the numbers
Model risk has become a key focus for financial institutions. But how do dealers ensure their models are implemented correctly and that they accurately reflect the risks an institution is running? By Laurence Neville
The power of association
An increasing number of industry professionals are hankering after a trade body for structured products, but some think that such a move would simply result in more red tape. Meanwhile, Germany and Finland have set the wheels in motion with their own…
BarCap adds industry name to plastics business
Barclays Capital has bolstered its plastics business with the appointment of David Paul as director of commodity sales in London. Paul joins from the New York based brokerage firm Refco, where he was global head of plastics futures trading.
Bank risk manager of the year : Madelyn Antoncic, Lehman Brothers
Lehman Brothers had a hectic 2005, with net revenue for the year rising 38% to $3.3 billion. But it's not just the traders that were busy.
Swiss Re hires weather specialist for advisory team
Swiss Re has hired Brian O’Hearne as a managing director of North American environment and commodity markets within its capital management and advisory arm in New York.
Raising the standard
The German insurance industry is actively pushing forward the discussion on the standard model within the scope of Solvency II
Griffith named as new DGCX chairman
The Dubai Gold and Commodities Exchange has named Colin Griffith as its new chairman, replacing David Rutledge.
Calyon names head of hybrid structuring
Calyon has appointed Steve Sahara as global head of hybrid capital structuring, based in London.
SG expands Scandinavian team
Société Générale has recruited two equity derivatives salesmen for its Scandinavian team, based in London.
BGC poaches four-strong Icap derivatives team
BGC Partners has hired a four-strong Scandinavian foreign exchange forwards and derivatives team from interdealer broker rival Icap in Copenhagen.
Machiavelli and MiFID
CIOs face a new world of regulation and their saving grace is preparation.
Tradition hires Decillion credit team
Interdealer broker Tradition has hired a team of six credit brokers from Decillion, a South African financial services company.
CROs make Solvency II plea
Members of the Chief Risk Officer (CRO) Forum used an address at Life and Pensions' December 2005 Insurance Risk conference to call for significant improvements to the Solvency II regime that the EU is expected to implement before the end of the decade.
DTCC hires Stenning as business development vice-president
The Depository Trust & Clearing Corporation (DTCC), a US information and clearance specialist, has hired Bill Stenning from SunGard as vice-president for business development.
FX and commodities head quits Calyon
Andrew Kellner, global head of foreign exchange and commodities at Calyon in London, has left the bank.
New management at Ivy
Ivy Asset Management, a $14 billion US-based fund of hedge funds, has named two new co-presidents and a new chief investment officer.
The fundamentals of operational risk assessments
In the third of a series on scaling operational risk management for the small to medium-sized institution, Eric Holmquist discusses the fundamental elements to consider when developing an operational risk assessment where the emphasis is on process…
Coyne joins Citibank to head FX prime brokerage
Deutsche Bank’s former global head of forex prime brokerage Andrew Coyne has joined Citigroup to run its global foreign exchange prime brokerage operation in London.
BNP Paribas expands European forex teams
BNP Paribas has made a trio of hires in forex sales and trading across Europe.
Protego makes European property derivatives push
London-based Protego Real Estate Investors has hired Peter de Haas to head its new operations in Continental Europe.
SG appoints new commodity trading deputy
Société Générale (SG) has promoted Edouard Neviaski to deputy head of commodity trading, based in Paris.