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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.
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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.
ABN Amro expands financial markets advisory business to Asia
ABN Amro has expanded its financial markets advisory department to Asia, with the appointment of a new Hong Kong-based team to provide advisory services on debt funding, risk management and ratings advisory to corporates and financial institutions around…
Barclays Capital builds up Asian business
Barclays Capital has been aggressively expanding its Asian business, with the hiring of senior staff across all asset classes.
Mooney quits Trafigura to launch Merrill fund of funds
David Mooney, formerly head of power and gas trading at Trafigura in London, has left the Swiss commodity trading house to join Merrill Lynch. Mooney will join Merrill in mid-June as a managing director, where he will be charged with evaluating commodity…
TXU and CSFB form energy trading company
Dallas-based TXU has entered into a joint partnership with Credit Suisse First Boston (CSFB) to create an independent entity to market and trade power, natural gas and other energy-related commodities in North America.
BoA’s head of energy trading lands at hedge fund
Julian Barrowcliffe, formerly global head of energy trading for Bank of America in New York, has joined Vega Asset Management – a New York-based hedge fund with $11 billion under management. In his new role Barrowcliffe will manage a commodities trading…
TXU and CSFB form energy trading company
Dallas-based TXU has entered into a joint partnership with Credit Suisse First Boston (CSFB) to create an independent entity to market and trade power, natural gas and other energy-related commodities in North America.
BoA's head of energy trading moves to hedge fund
Julian Barrowcliffe, formerly global head of energy trading for Bank of America in New York, has joined Vega Asset Management. In his new role, Barrowcliffe will manage a commodities trading fund for the New York-based hedge fund with $11 billion under…
Energy spins returns for Martin Currie's global fund
Martin Currie is one of the UK's success stories in the hedge fund industry, having tipped the $1bn mark in its hedge funds, many of which are now closed to new investment despite continuing demand
Why is Europe now breaking into its gold vaults
Matthew Lynn
AIMing for the City
Business profile
All change as funds poach brokers
personnel
Independent thinkers
The managers at ABS faced a stark decision in a former life at a large investment bank: leave and earn by performance fee, or join the asset gatherers. They explain which route they took, and why
How to ride the Asian tiger
marketing
All for one or one for all
software
Green shoots for derivatives
Pension funds
Opportunities in illiquidity
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