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Banc of America Securities expands in credit derivatives
Charlotte-based Banc of America Securities has hired Peter Nguyen from Credit Suisse First Boston (CSFB) as head of credit derivatives specialist sales. He will lead the credit derivatives sales effort to hedge funds, banks and other frequent credit…
National Australia Bank makes two appointments in Asia
National Australia Bank (NAB) has made two senior appointments in Asia. Matthew Blackwell arrives as head of structured products for Asia, and Shinya Fukumoto joins as director and head of capital markets, Japan.
Poste Italiane to sue JP Morgan Chase
Two months after Risk broke the story of Poste Italiane’s derivatives losses as a result of exotic transactions with JP Morgan Chase and other banks, the large Italian state-owned post and financial services company is suing the US bank for €40 million.
RBS expands global derivatives team
The Royal Bank of Scotland has made several new appointments within its derivatives trading and marketing business.
Bank SinoPac expands exotics trading
Taiwan-based Bnk SinoPac is on the look-out for traders to bolster its newly launched exotic options trading business in Taipei.
Nord Pool entices Russian companies
A delegation of Russian companies yesterday met with Nord Pool to discuss the possibility of becoming members of the Oslo-based electricity exchange.
IPE hires Fredrik Voss
Fredrik Voss, one-time chief executive of the UK power Exchange, is to join the London-based International Petroleum Exchange (IPE), as director of market development.
Nymex chief quit over pay cut
Bo Collins' decision to resign as president of Nymex was triggered by the board cutting his compensation package, said a source at Nymex.
Nymex chief quits over pay cut
The decision by Bo Collins to resign as president of Nymex was triggered by the board cutting his compensation package, said a senior source at Nymex.
NRG Energy creates chief risk officer role
NRG Energy has hired Philip Chesson to fill the newly created role of chief risk officer.
CFTC director resigns
Michael Gorham has resigned from his post at the US Commodity Futures Trading Commission (CFTC), effective June 30. Gorham was recruited by CFTC chairman James Newsome to become the first director of the Commission's Division of Market Oversight (DMO) in…
Citigroup restaffs Singapore forex sales
Citigroup has hired new staff to fill a void in its Singapore foreign exchange institutional sales team after three employees defected to Barclays Capital.
FX Concepts hires in options
FX Concepts, a New York-based currency manager, has hired two options specialists to enhance its quantitative research, foreign exchange options and non-directional strategies management.
Energy swaps
Natural Gas
Nymex president to quit
Bo Collins, president of The New York Mercantile Exchange (Nymex), will leave the exchange at the end of this month. Nymex said the decision not to renew his contract was made by "mutual agreement".
NRG Energy creates chief risk officer role
NRG Energy has hired Philip Chesson to fill the newly created role of chief risk officer.
DrKW snares global head of credit hybrid trading
German investment bank Dresdner Kleinwort Wasserstein has hired Tong Lee from Gen Re Securities as managing director and global head of credit hybrid trading, a new role within the bank. He will take up his post in mid-June and will be based in London.
UBS creates combined credit trading group in Asia-Pacific
UBS has decided to combine its Asian, Australian and Japanese credit trading businesses into a single Asia-Pacific credit trading division. It has appointed Michael Halloran as co-head of the merged group.
Northwest in excess
Natural Gas
Highland hires to support move into credit-sensitive structured products
Highland Financial Holdings, a $650 million hedge fund manager in New York, has hired Dean Smith as senior vice-president to oversee the fund's expansion to credit risk products.
BAAM creates CIO position
The Blackstone Group, a New York-based venture capital firm, has appointed Bruce Amlicke as senior managing director and to the newly created position of chief investment officer of Blackstone Alternative Asset Management (BAAM), the firm’s $9 billion…
HSBC builds MBS team
HSBC has hired two people for its new mortgage-backed securities (MBS) business following the appointment of six people for its asset-backed securities (ABS) group.
SG strengthens equity derivatives flow products sales
SG, the investment banking unit of France's Société Générale has made a number of appointments within its equity derivatives flow products sales team.
IPE puts back relaunch of power futures
London’s International Petroleum Exchange (IPE) has put back its relaunch date for UK electricity futures – it will now start listing them by the end of September. The exchange had originally intended to launch the contracts around the end of this month.