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Inter-dealer rankings 2004
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Asset management
Foley to launch Gelber foreign exchange desk
Bank One's former forex options chief Justin Foley is joining Gelber Trading, a division of Chicago-based trading firm Gelber Group, to set up a new foreign exchange desk in September, according to RiskNews’ sister publication, FX Week .
Mirant CFO Burns handed extra role of chief restructuring officer
Bankrupt Atlanta-based energy company Mirant has given chief financial officer Michele Burns the additional role of chief restructuring officer.
Banc of America Securities hires senior oil analyst
Banc of America Securities (BAS) yesterday hired Daniel Barcelo as a senior equity research analyst covering the global integrated oil sector. He joins the Bank of America subsidiary from rival bank Lehman Brothers and will be based in New York. He will…
BNP Paribas expands interest rate group in New York
BNP Paribas has made seven appointments to its interest rate group in New York, headed by Zbigneiw Ryzak.
The holistic approach to operational risk management
The term operational risk management (ORM) tends to conjure up images of every type of risk except credit or market risk. Some think of the Basel definition of operational risk and others will come up with their own versions.
Philadelphia Stock Exchange names new product development head
Philadelphia Stock Exchange (PHLX) has named Chicago Board of Trade (CBOT) veteran Daniel Carrigan as vice-president for new product development, reports RiskNews’ sister publication, Dealing With Technology .
DrKW recruits options trader
Dresdner Kleinwort Wasserstein (DrKW) has hired Christopher Sandford to trade Asian local market foreign exchange options in Singapore, reports RiskNews’ sister publication, FX Week .
EU calls for review of credit rating agencies
The European Commission has called for a review by the Committee of European Securities Regulators (CESR) of credit rating agencies, amid renewed activity on both sides of the Atlantic on the credit rating agency regulatory debate. Also, according to…
Basel II and the single-instrument bank
Banks could take a cue from the construction industry if they want to lessen the burden of Basel II, argues Ron Dembo.
Royal Bank of Scotland appoints e-commerce business developer
The Royal Bank of Scotland (RBS) has transferred Clive Standish to its New York office as vice-president and e-commerce business developer, within the North America financial markets team.
PNC Financial Services appoints market risk officer
Pittsburgh-based PNC Financial Services has appointed Aleem Gillani to the position of vice-president and chief market risk officer, based jointly in New York and Pittsburgh.
Deutsche makes Tokyo appointment
Deutsche Securities, a subsidiary of Deutsche Bank, has promoted Henry Ritchotte to head of global markets, Japan.
Bank of America hires in Japan
Bank of America has made two new appointments in Japan as part of an effort to boost its investment and risk management businesses in the country.
Reassessing self-assessment
Traditional approaches to assessing and controlling operational risk within institutions are outdated, argues Gerald Sampson. Self-assessment needs rethinking, and proper risk evaluation is far better served if risk management departments assume their…
Deutsche Bank makes appointments in structured and investment products team
Deutsche Bank has made two appointments to its structured and investment products team, part of the global equities department, in its New York office.
ABN continues BNP raid
ABN Amro has hired five senior energy derivatives executives, two of whom join from BNP Paribas. The move comes just three months after the Dutch bank poached Wayne Harburn and Vincent Chevance from French rival BNP. The pair now serve as global head of…
ABN Amro expands global commodity derivatives team
Dutch bank ABN Amro has made five appointments to its global commodity derivatives team in both the London and New York offices.
Cantor Fitzgerald to spin off its global voice brokerage business
Cantor Fitzgerald will spin off its global voice brokerage business as a new company, BGC Partners, effective from October 1 this year.
BNP Paribas snares Chicago sales head
BNP Paribas has hired Matthew Schultheis as director and head of sales for its Chicago office.