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Burke to head Prmia in Chicago
The Professional Risk Managers’ International Association (Prmia) has named Daniel Burke as regional director for its Chicago chapter.
RBS boosts equity derivatives sales team
Royal Bank of Scotland (RBS) has hired Andy Savill as an equity derivatives sales manager for the UK and Ireland.
Shock FX fowards job losses at Tullett
Tullett Liberty has suffered a surprise defeat in the integration of its foreign exchange business with that of rival Prebon Yamane, according to RiskNews ' sister publication FX Week .
Tattersall leaves FSA
Colin Tattersall, head of op risk policy at the UK's Financial Services Authority, has left his post at the supervisor. Market sources say he is set to join the Irish Financial Services Regulatory Authority's Basel II implementation efforts, based in…
Tattersall leaves FSA
Colin Tattersall, head of op risk policy at the UK's Financial Services Authority, has left his post at the supervisor. Market sources say he is set to join the Irish Financial Services Regulatory Authority's Basel II implementation efforts, based in…
Bank of America replaces securities head
Bank of America has hired Mark Werner from JP Morgan Chase to replace Jon Sandelman as its head of debt and equities division.
Senior Barclays swaps trader to set up hedge fund
Alan Burnell, head of European swaps and government bond trading at Barclays Capital, is leaving the bank to set up a hedge fund.
Unlocking the rating process
The credit rating agencies are often criticized for a lack of transparency in their rating methodology. But as John Caserta reports, the agencies are taking steps to shed light on this often mysterious process and, in doing so, rebuild investor…
Spectron and Braemar join forces for freight desk
Energy broker Spectron and ship broker Braemar Seascope have formed a partnership called Braemar Spectron, to broker forward freight agreements (FFAs) concentrating initially on dry freight in London.
NAB hires group risk chief
National Australia Bank (NAB) has appointed a new group chief risk officer as part of an ongoing drive to improve the company’s risk management practices.
Foreign exchange chief joins Pru exit queue
Howard Carr, head of foreign exchange and commodities at Prudential Bache in London, has quit his position, sparking fears for the future of the bank's forex desk in the city.
The Compliance Pain
Increasing regulatory oversight and static IT budgets create compliance headaches for the CIOs and CTOs of DrKW, Evergreen Investments, and JPMorgan Investor Services.
The Compliance Pain
Increasing regulatory oversight and static IT budgets create compliance headaches for the CIOs and CTOs of DrKW, Evergreen Investments, and JPMorgan Investor Services.
SG expands Italian derivatives business
SG, the investment banking unit of French bank Société Générale, has expanded its institutional derivatives sales force in Italy by merging its equities arm with its interest rate and credit divisions.
RBS hires head of US dollar options trading
RBS Greenwich Capital has appointed Michael Lyublinsky as global head of US dollar option trading in its interest rates division.
CSFB appoints derivatives sales director for Germany
Credit Suisse First Boston (CSFB) has hired Konstantin Krebs as a director of fixed-income derivatives sales.
Rio quits Commerzbank to head Swapstream
Swapstream, a medium- and long-term interest rate swaps trading platform, has appointed Stéphane Rio as chief executive. Rio was previously head of rates trading at Commerzbank for five years, and replaces Marcus Grubb, who left Swapstream in early July…
Cairn Capital adds asset-backed specialist
Cairn Capital, a London-based advisory and investment firm specialising in structured credit, has hired Jenna Collins as an analyst. Collins, who will join Cairn in November, was an asset-backed securities analyst at Merrill Lynch in London.
Energising the US
Democratic presidential nominee John Kerry has plans to require the US to generate20% of its electricity from renewable sources. But just how different are Kerry’sand President Bush’s stances on energy policy? By Paul Lyon
The windy city rules
The Chicago Climate Exchange is going from strength to strength if its new initiatives,new members and volumes are anything to go by. Here PaulLyon talks to CCX founderRichard Sandor about the exchange’s future
Nymex names head of new strategy department
John D’Agostino will head up a new department at the New York Mercantile Exchange, which will focus on strategic options for expansion and growth. The exchange has promoted D’Agostino to vice-president of strategy and business development from manager…
BNP restructures European credit research
BNP Paribas, the French banking group, has restructured its credit research division after three members were poached by Lehman Brothers in September.
Learning from Esops' fables
France's SNCF is concentrating on the risks, particularly the operational ones, associated with its new employee savings programme. Duncan Wood reports on its progress, and throws light on the various other Esop-type products on the market.