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JP Morgan CDO marketer departs

Paul Horvath, co-head of European collateralised debt obligation marketing (CDO) at JP Morgan, has left the firm. The remaining CDO marketing co-head, Olrich Masek, will assume Horvath’s responsibilities. Horvath is thought to be joining Merrill Lynch in…

Bank of America promotes Moulds

Bank of America (BoA) has promoted Jonathan Moulds to the position of international head of global markets, with a remit covering debt and equities in Europe and Asia.

In a muddle over MiFID

The EU’s Markets in Financial Instruments Directive (MiFID) has appeared like a bolt from the blue for most op risk managers. Should they be scared? By Duncan Wood

FitchRisk to drop Algo op risk product

NEW YORK -- An executive from FitchRisk, the New York-based risk management software firm, has told Operational Risk that the firm plans to drop Algorithmics’ op risk software offering in the wake of its purchase of the Toronto-based software firm.

Greenpeace protesters storm IPE

Open-outcry trade in Brent and gas oil futures at London’s International Petroleum Exchange was halted for over an hour on Wednesday afternoon after 50 to 60 protesters from environmental group Greenpeace stormed the building.

NAB gears up for forex options restart

National Australia Bank (NAB) has made two senior derivatives trading appointments in preparation for the future reopening of its forex options desk. The desk closed early last year following a trading scandal.

New heads for RWE Trading and RWE Power

Brian Count will leave his post as chief executive of RWE Trading, the trading arm of German utility RWE, as of July 1, when he will be replaced by Peter Terium, head of RWE group controlling. And Jan Zilius is expected to take over as chief executive of…

JP Morgan loses exotics head

JP Morgan Chase’s head of European trading for exotics and hybrids, Chris French, will retire from the firm in early March.

DrKW expands into base metals

Dresdner Kleinwort Wasserstein (DrKW) plans to build a base metals principal sales and trading group. It has hired three Koch Supply & Trading staff to set up the unit on March 7.

Evolution expands gas and power desk

US broker Evolution Markets has hired two brokers for the North American natural gas and power desk it launched in October. Corey Geraghty and Trenton Davis now broker gas and electricity options from the company headquarters in White Plains, New York.

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