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Shanghai and Tokyo exchanges team up
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Rethinking policy
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FSA looks into hedge fund risks
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Specialist credit manager Credaris taps CEO
Credaris Portfolio Management (CPM), a credit-focused asset management company, has hired Andrew Donaldson as chief executive officer. Donaldson joins from JP Morgan Securities, where he led the investor client management practice for European banking…
Making a connection
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Checking outside the box
Technology
Hedge fund panel advocates CRO function
New Angles
The shaker maker
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RiskNews
The curious incident of the disputed CDO
Cover Story
Deutsche Bank expands US structuring desk
Deutsche Bank has expanded its US retail structuring desk by hiring Christopher Yeagley as head of the desk and Scott Milner as a vice-president in retail structuring.
Swiss Re to launch emissions desk
Global reinsurance firm Swiss Re will set up an emissions desk in within a month, says Chris Walker, New York-based managing director of the greenhouse gas risk solutions team at the company.
Linklaters strengthens Asian securitisation teams
Linklaters has added four more lawyers to its Asian structured finance and securitisation practice, set up earlier this month under Paul Kruger.
Schwab quits Barclays to return to AIG
AIG Financial Products, the derivatives arm of the American International Group, has hired Matthew Schwab as managing director in its investor coverage group.
Merrill Lynch nabs 23 derivatives marketers from JP Morgan
Merrill Lynch’s raid on JP Morgan Chase’s derivatives marketing unit has resulted in 23 derivatives marketers joining the US securities dealer. The move represents one of the largest derivatives team defections seen in Europe and appears to contradict JP…
Spitzer probe threatens MBIA bond guarantees
Regulatory scrutiny of accounting practices at MBIA has put pressure on the monoline insurer’s triple-A rating, undermining its guarantees. Hardeep Dhillon reports
Diligence overdue
Investment banks paid a record $6 billion out-of-court settlement for bond investors hit by the collapse of WorldCom. The settlement has not only raised the bar for future payouts in these cases but has also prompted underwriters to reexamine their due…
GFI names traders to spearhead property derivatives venture
Two veteran GFI brokers are set to start work developing a property derivatives trading desk as part of a joint initiative between the brokerage and real estate services group CB Richard Ellis (CBRE). Michael Levi and Paul Ogden will start work when the…
Holterman to lead Wells Fargo derivatives team
Wells Fargo has promoted Gordy Holterman to head of financial products trading, in charge of all the derivatives operations of its securities investment group division. Holterman will report to head of strategic investment David Weber.
Wilmington adds new head of derivatives
Wilmington Trust Investment Management (WTIM) has named Stephen Davenport as its head of derivatives, a newly created position.
Living with recognition
Under new accounting rules implemented this year, the majority of Europe's asset-backed securities transactions will now have to be recognised on balance sheet. Will this lead to a drop in securitisation volumes? Duncan Wood reports
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RBS beefs up equity derivatives distribution
The Royal Bank of Scotland has raided its rivals’ sales desks by hiring three directors in equity derivative sales to cover Germany, Italy and Scandinavia. The move signals the Edinburgh-headquartered bank’s intent on improving its distribution…