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The Compliance Dance

CIOs and CCOs are working more closely together than ever before in these jittery compliance days. Waters asks, what’s the working relationship really like?

Dresdner hires six FX directors

Dresdner Kleinwort Wasserstein (DrKW), the investment banking arm of Dresdner Bank, has appointed six key directors to its foreign exchange businesses in London and Frankfurt.

Wealth by Health

A full checkup of your IT systems by external consultants is preferable to trusting inside sources, says a head of technology at a major French banking group.

SG builds India private banking franchise

French bank Société Générale has extended its private banking franchise in India, with the appointment of Balakrishnan Kunnambath as managing director and global head of Indian subcontinent.

Morgan Stanley rejigs currency and rates group

Jonathan Chenevix-Trench, currently head of the global interest rate and currency group at Morgan Stanley in London, is to relinquish his position at the end of this month. This change will allow him to focus exclusively on his role as chairman of the…

DrKW raids Calyon’s sales team

Dresdner Kleinwort Wasserstein, the investment banking arm of Frankfurt-based Dresdner Bank, has poached three senior members of Calyon’s structured investment products team to establish a structured products and derivatives sales team servicing US…

Merrill hires three for commodities group

Diego Parilla has joined Merrill Lynch from Goldman Sachs to head a new commodity solutions group. Two of Parilla’s former colleagues at Goldman, Kamal Gajree and Achim Traut, are joining him at Merrill’s new group in London.

The FSA’s quest for respect

Hector Sants, head of wholesale markets at the Financial Services Authority, talks to Nicholas Dunbar about his plans for increased regulatory focus on fixed-income structured products and hedge funds

Merrill nabs Goldman’s Munari

Alvise Munari, Goldman Sachs’ former European head of equity and interest rate structuring, has left to join Merrill Lynch, where he has been appointed to a new position with responsibility for equity-linked product marketing.

Credit risk stress tests need more work, says BIS

Leading banks have yet to develop a solid framework for credit risk stress tests that deals with all the likely effects stress events would have on their businesses, according to the latest report by the Bank for International Settlements (BIS).

Perry leaves JP Morgan

The head of JP Morgan’s investment bank credit portfolio group, Malcolm Perry, has left the firm.

From alpha to gamma

French hedge fund ADI entered the incubation business by launching subsidiary New Alpha Advisors in late 2003. Solomon Teague talks to chief executive Nicholas Gomart

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