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Enron's former head of options trading joins Mobius
Mark Jackson, the former head of options trading at failed energy company Enron, has joined Houston-based energy risk advisory firm Mobius Risk Group as senior vice-president of quantitative services.
Larsen bows out of Icor
Jeff Larsen, founder of the online electronic inter-dealer broker Icor, has sold his remaining stake in the business and is stepping down as its chief executive.
US salaries moderately up
Foreign exchange dealers in the US saw slight increases in their wages this year, according to a new salary survey out this month, reports Risk’s sister publication, FX Week .
NAB publishes report on options losses
The National Australia Bank (NAB) has published a report on the A$360 million ($262 million) options trading scandal, which blames weaknesses in risk management controls and inadequate management supervision for the losses.
Deutsche appoints head of Latin American strategy
Deutsche Bank has appointed Piero Ghezzi as head of Latin American strategy, with responsibility for analysing the region's debt, foreign exchange, local bond and fixed-income derivatives markets.
UBS snares inflation derivatives trader
Swiss investment bank UBS has hired Dariush Mirfendereski, an inflation derivatives trader, from UK-based rival Barclays Capital.
Deutsche hires prime broker from Goldman
Deutsche Bank has hired Ferrell Daste from Goldman Sachs as a director responsible for US West Coast prime broker accounts.
BarCap hires head of Asia-Pacific credit derivatives
UK investment bank Barclays Capital has hired Eric Slighton as managing director, head of Asia-Pacific credit derivatives.
Deutsche promotes securitisation boss to head US global markets
Deutsche Bank has appointed Phil Weingord as head of global markets, North America.
Statoil and Alex Kvaerner swap chief executives
Helge Lund has joined Norwegian energy company Statoil as chief executive, replacing acting CEO Inge Hansen. Hansen replaces Lund as CEO of one of three divisions of newly restructured Norwegian industrial group Aker Kvaerner.
HSBC’s forex chief retires as bank makes highest-ever forex profits
Rob Loewy, head of foreign exchange at HSBC for the past 15 years, retired last week as the bank announced its highest-ever dealing profits for foreign exchange.
Winters and Masters rise in JP Morgan Chase reshuffle
Two long-standing JP Morgan derivatives veterans, Bill Winters and Blythe Masters, have received additional responsibilities at JP Morgan Chase, following a reshuffle at the US bank.
Golden procurement
Awards 2004
Old dog, new teeth?
Awards 2004
Rethinking regulation
Market manipulation and inaccurate pricing led to the reregulation of Ontario’s electricity market. But at the right price, the Canadian province may see a revival of competition, reports CatherineLacoursière
Bob Anderson
Former chief risk officer with El Paso, Bob Anderson now heads the Committeeof Chief Risk Officers full time. By James Ockenden
Frost quits JP Morgan Chase
Tim Frost, European head of credit sales and trading at JP Morgan Chase, has resigned to pursue other interests. Frost joined JP Morgan in 1995 and helped his firm become a dominant force in the fast-growing credit default swaps market. By the time of…
UBS appoints derivatives specialist to head Asian equities
UBS has appointed Chi-Won Yoon, the bank’s Hong Kong-based managing director of equity risk management, as its new Asian equities head, following the relocation of former head, John Holland, to London last September.
Icap denies coal trading team departure
Icap Energy has denied its coal team is defecting to Prebon Energy. On Tuesday, Prebon issued a press statement saying three members of the Icap coal team were joining the broker to strengthen its presence in coal markets.
TXU trading head resigns
VJ Horgan, president of TXU Portfolio Management, a subsidiary of Dallas-based TXU Energy, has resigned from the company "to pursue other interests".
BarCap snares CSFB distribution head
Guglielmo Sartori d’Borgoricco is set to join Barclays Capital, the investment-banking arm of UK-based Barclays Bank, from rival Credit Suisse First Boston. It is expected he will become managing director and head of distribution for the UK and…
Icap coal team jumps ship
Icap’s entire London-based coal team is defecting to rival broker Prebon Energy.