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Flesaker quits MBIA for Morgan Stanley
Bjorn Flesaker, head of quantitative risk at MBIA, has quit the monoline insurer to take up a senior quantitative analyst position at Morgan Stanley.
Flesaker quits MBIA for Morgan Stanley
Bjorn Flesaker, head of quantitative risk at MBIA, has quit the monoline insurer to take up a senior quantitative analyst position at Morgan Stanley.
NAB releases Apra report
National Australia Bank has unexpectedly released in full a report by Australia’s banking regulator, the Australian Prudential Regulation Authority (Apra), on the A$360 million options trading debacle.
Merrill hires Joonkee Hong to head Korean debt markets
Merrill Lynch has hired Joonkee Hong from UBS as a managing director to head its debt markets in South Korea.
Deutsche appoints two to head US structured credit
Deutsche Bank has appointed two co-heads of structured credit trading for North America, Kevin Bell and Ross Taylor, who will be based in the bank’s New York office.
An integrated framework for the governance of companies
Cases of insolvencies, losses and internal frauds have been increasing of late. As a result, the question is asked more and more often whether such cases could have been avoided with better governance of companies or a clearer organisational handbook. In…
Seven leave Dresdner in FX flight
Dresdner Kleinwort Wasserstein in London is facing an exodus of staff from foreign exchange, with at least seven leaving the bank in London and New York in the past month, reports Risknews’ sister publication FX Week .
Lehman raids Merrill team
Lehman Brothers has raided rival investment house Merrill Lynch for a team of three foreign exchange options dealers in London, sources close to the bank told Risknews’ sister publication FX Week .
Operational Risk Conference Preview > Experts to speak on evolution and challenges of op risk
Risk magazine and Operational Risk are holding their sixth annual Operational Risk conferences in London and New York in March. The events are designed to provide delegates with insights into the latest techniques for managing and quantifying operational…
Merrill Lynch hires head of Pacific Rim local currency trading
US investment bank Merrill Lynch has hired Stanley Zau as managing director, head of Pacific Rim local currency trading, responsible for fixed income, foreign exchange and derivatives trading in Asian local currencies.
Deutsche in FX drive
Deutsche Bank has named Gordon Wallace and Nitin Gulabani as co-heads of global foreign exchange trading.
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