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Aligning Basel II operational risk and Sarbanes-Oxley 404 projects
While SOX 404 and Basel II create different challenges for operational risk managers, Nick Bolton and Judson Berkey suggest there is real value in combining the efforts.
OM appoints Asia-Pacific head
OM Technology has appointed Paul Bennett as president for the Asia-Pacific region, reports RiskNews' sister publication, Dealing With Technology .
BNP hires in commodity derivatives, following departures
French bank BNP Paribas has made four appointments in its commodity derivatives business, following the departure of two senior members of its team last month.
BNP hires in commodity derivatives, following departures
French bank BNP Paribas has made four hires in its commodity derivatives business, following the departure of two senior members of its team last month. In early May Dutch bank ABN Amro hired Wayne Harburn, BNP’s former head of European energy trading,…
Merrill boss adds ex-colleagues
Merrill Lynch's new global foreign exchange chief, Stephen Kemp, has hired three former colleagues from Morgan Stanley, the bank he left last April to join Merrill, reports RiskNews' sister publication, FX Week .
BNP Paribas hires forex derivatives trader
Carl Nabar has joined French bank BNP Paribas in New York as a senior foreign exchange derivatives trader.
Deutsche snaps up former Barclays credit research analysts
Gary Jenkins and Jim Reid, who both recently left Barclays Capital, are to join Deutsche Bank in London. Jenkins will become European head of credit research and fundamental strategy, with Reid joining him as a European credit strategist. Reid will start…
Voser returns to Shell from ABB
Troubled energy major Royal Dutch/Shell has appointed Peter Voser as director of its Shell Transport and Trading Company subsidiary and as group managing director and director of finance of the Royal Dutch/Shell group.
Barclays Capital hires five in the Americas
London-based Barclays Capital has made five appointments to its corporate risk management and derivatives group.
California grid operator names interim CEO
The California independent system operator (Cal ISO) has hired Marcie Edwards as interim chief executive, while it seeks a permanent replacement for Terry Winter who resigned on June 1.
An Exceptional Challenge
Zapping bad trades or just knowing about them when they occur is a high priority at UBS Investment Bank.
DrKW creates Nordic derivatives marketing team
Dresdner Kleinwort Wasserstein (DrKW) has made three appointments to form a new Nordic financial institutions derivatives marketing team in London. The team will market the bank’s full range of derivatives products across asset classes to clients in the…
Commerzbank's New York forex options head quits
Steve Rendon has left his position as head of foreign exchange options at Commerzbank in New York.
Merrill Lynch receives forex licence in South Korea
Merrill Lynch received a foreign exchange licence from the South Korean financial services regulatory body, the Financial Supervisory Commission (FSC), today. The licence allows the US securities dealer to expand its Korean business to the onshore forex…
Merrill Lynch tipped to bid for EKT
Rumours are circulating that Merrill Lynch may snap up Entergy-Koch Trading (EKT) following last week's news that New Orleans-based Entergy Corporation and Wichita's Koch Industries are considering selling their Houston-based energy trading business.
DrKW appoints quant trading team
Dresdner Kleinwort Wasserstein (DrKW) has created a new quantitative trading team in London. It started trading this month and focuses on statistical arbitrage strategies.
Calming supervisory fears
The region's banks have identified the supervisory review process as the main cause for concern when it comes to Basel II. Low Kwok Mun of the Monetary Authority of Singapore talks about the Singaporean regulator’s approach to implementing Basel II.
Merrill Lynch tipped to bid for EKT
Rumours are circulating that Merrill Lynch may snap up Entergy-Koch Trading (EKT) following last week’s news that New Orleans-based Entergy Corporation and Wichita’s Koch Industries are considering selling their Houston-based energy trading business.
SG strengthens equity derivatives sales
SG, the investment banking arm of Société Générale, has appointed Fredrik Langley and Raman Khosla to its equity derivatives structured products sales team in London. Both take the title executive director, a new position within the group.
WRMA elects new president
The Weather Risk Management Association (WRMA) today said that its vice-president, Brian O'Hearne, has stepped up to serve as the association's president. O'Hearne is also president and chief executive of Kansas City-based GuaranteedWeather.