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Freddie Mac names new fixed-income investment head
Freddie Mac has hired Patricia Cook to head its fixed-income investments. Cook, who will report to Richard Syron, Freddie Mac’s chairman and chief executive, joins from JP Morgan Fleming Asset Management, where she was chief investment officer for global…
BNP Paribas makes structured rates hire
BNP Paribas has hired Kara Lemont Sportelli for its fixed-income derivatives structuring group. Lemont Sportelli will focus on engineering exotic interest rate and hybrid derivatives products for investors and liability managers. She is based in London…
Shell appoints governance advisers
Energy major Royal Dutch/Shell Group yesterday appointed investment banks Citigroup and Rothschild as financial advisers to the steering committee reviewing its structure and governance.
Deutsche hires director in strategic equity transactions group
Tim Maynard has joined Deutsche Bank’s strategic equity transactions group as a director, based in the London office.
Bank of America loses global markets head in Asia
Goetz Eggelhoefer, former managing director and head of global markets, Asia, at Bank of America in Singapore, has left to join the Rohatyn Group, an emerging market hedge fund started by ex-JP Morgan Chase trader Nick Rohatyn.
SG promotes fixed income and derivatives chief
SG, the corporate and investment banking arm of French bank Société Générale, has promoted Grégoire Varenne to head of fixed income and derivatives, commodities and treasury for Europe and Asia.
JP Morgan Chase’s merger plans revealed
JP Morgan Chase’s (JPMC) plans to absorb Bank One’s global foreign exchange trading business became clear last week, following the completion of the US banks’ merger on July 1, reports RiskNews’ sister publication FX Week .
Morgan Stanley Investment Management snares quant head
Morgan Stanley Investment Management (MSIM) has recruited Sandip Bhagat as managing director and global head of quantitative strategies. He reports to Joseph McAlinden and is based in New York.
Newsome leaves CFTC to head up Nymex
James Newsome has quit as chairman of the US Commodity Futures Trading Commission (CFTC) to head up the New York Mercantile Exchange (Nymex). Newsome’s resignation is effective from July 23, and he will be president of Nymex from August 2, replacing Bo…
APX restructures and hires senior staff
APX Group, which provides exchanges for natural gas and power trading across northwest Europe, will move London-based power exchange UKPX’s forwards market onto its own system on August 18. The group has also made several senior appointments following…
Newsome leaves CFTC to head up Nymex
James Newsome has quit as chairman of the US Commodity Futures Trading Commission (CFTC) to head up the New York Mercantile Exchange (Nymex), a CFTC spokesman told RiskNews’ sister publication Energy Risk . Newsome’s resignation is effective from July 23…
Grantham to set up hedge fund services firm
Veteran convertible bond analyst Jim Grantham is set to launch a firm called Conv.Biz, aimed at providing a range of services to hedge funds.
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DrKW adds to sales and trading in Paris
Dresdner Kleinwort Wasserstein (DrKW) has made a number of sales and trading appointments within its capital markets team in Paris.