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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…
Barclays boosts insurance and pensions solutions team
Barclays Capital has bolstered its insurance and pensions solutions team with the appointment of Jon Exley as director.
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.
ABN poaches Morgan Stanley staff
ABN Amro has poached eight staff from Morgan Stanley in Tokyo to join its Japanese fixed income business.
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).
ABN makes senior appointments in Asia
ABN Amro has made three senior appointments in Asia as part of an effort to boost its derivatives business in the region.
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
Island of low-cost opportunity
Country focus: malta
Looking to small caps for gains
uk equity long/short
Picking the right administrator - is it an art or a science?
ADMINISTRATION
The income alternative
Aiming for an annual dividend yield of 7% for its investors, Forsyth Alternative Income fund of hedge funds takes a different tack on hedge-fund investing. The fund's manager, Rossen Djounov, explains the philosophy and process behind it
Changing direction
Special report: France
Editor’s letter
comment
Inside the FSA
Q&A
Duncan Sankey
The risk/reward tightrope