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EU CRD approaching Parliament acceptance
BRUSSELS – The smart odds are now in favour of the EU's Capital requirements directive passing the European Parliament's vote on September 28, according to industry observers involved in negotiating the legislation.
BarCap expands equity derivatives coverage
Barclays Capital has expanded its equity derivatives coverage with the hiring of Luca Agostini and Hermann Bader as directors in strategic equity derivatives.
Global Advisors names two managers for gas trading
New York commodity hedge fund Global Advisors has hired Adam Hoffman and Matthew Simsic as portfolio managers, aiming to increase its presence in the natural gas market.
SG boosts European rates sales
Société Générale has hired Jan de Bondt and Ian Morgan in rates sales as the bank looks to expand its European footprint in the rates business.
M&As spark op risk software shuffle
LONDON AND NEW YORK – Mergers and acquisitions are hotting up again in the op risk software industry. Two acquisition announcements in June have set tongues wagging on both sides of the Atlantic about who the next targets will be, and which potential…
Converse joins Banc of America
Floyd Converse has moved from Goldman Sachs to Banc of America Securities, where he will head the US rates structuring unit.
FSA looks into hedge fund risks
The UK's Financial Services Authority (FSA) has opened up a debate about the hedge fund industry, with the publication in June of a comprehensive discussion paper on the sector.
Hedge fund panel advocates CRO function
The revelation of sizeable hedge fund losses in the structured credit market in May have prompted renewed calls from investors and regulators in the US and Europe for greater disclosure in the hedge fund sector.
In pole position
Technology
Francois-Xavier Saint Macary
It can’t be easy hauling a whole commodities division overseas, but SG CIB veteran Francois-Xavier Saint Macary has big ambitions. By Oliver Holtaway
RBS appoints insurance coverage head
Royal Bank of Scotland (RBS) has hired Gareth Braithwaite as global head of insurance for its financial institutions relationship management team.
European ABS: Will it end in tiers?
As part of a special focus on asset-backed securities, we take a look at the European ABS market. After a prolonged period of spread compression, credit tiering may be making a return to the market, as Alan McNee reports
Isda backs Bear Stearns appeal against Enron
The International Swaps and Derivatives Association and the Bond Markets Assocation (BMA) have backed Bear Stearns' latest attempt to keep hold of $25.9 million in payments on a stock forward agreement, in the face of Enron's attempt to recover it.
Lehman appoints head of investment management
Lehman Brothers has appointed Thierry Sciard as managing director, head of investment management for Europe, tasked with the strategic development of the investment management business in the continent.
Tullett appoints new CEO
Tullett Financial has changed its name following the merger with Prebon and named G. Andrea Danese as chief executive. The company will now be known as Tullett Prebon Information.
Deutsche grows asset finance division
Deutsche Bank has hired former JP Morgan vice-president Dennis Knitowski as a director in asset finance within the global markets division.
Goldman poaches Asian warrants specialist from SG
Cheril Lee has quit Société Générale in Hong Kong to head Goldman Sachs’ warrants business for Asia ex-Japan.
Bank of America hires seven for London sales team
Seven new senior salesmen have joined Bank of America's London-based global markets sales team from other major banks, making the team, led by Brian Heyworth, a third larger than at the start of the year.
SEC: What's Next?
William Donaldson's quick retirement from the chairmanship of the US Securities and Exchange Commission (SEC) last month brings to mind the pithy Italian proverb from the recent Papal Conclave: "After a fat Pope, a skinny pope."
Mizuho kick-starts insurance derivatives business
London-based Mizuho International has unveiled an insurance derivatives business, to be headed by newly appointed Stefan Roggenkamp.
Can research reinvent itself?
The provision of credit research to clients is undergoing sweeping reform, as regulatory concerns grow over potential conflicts of interest and banks reassess the value of giving out freebies. Philip Moore examines what this all adds up to for investors
Cream of the crop
hedge funds review european performance Awards 2005
Japan turns to West to manage local equities
asian investors
The 24-hour hedge fund
special report: asia