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RBS nabs securitisation head from Merrill Lynch
Vincent Dahinden, former head of corporate securitisation and collateralised debt obligations (CDOs) at Merrill Lynch in London, has joined Royal Bank of Scotland (RBS).
UKFSA issues fraud paper
The UK’s Financial Services Authority (FSA) published a discussion paper in mid-December entitled DP26: Developing our policy on fraud and dishonesty.
DrKW appoints head of hybrid capital
Dresdner Kleinwort Wasserstein (DrKW), the investment banking arm of Dresdner Bank, has appointed Mark Woolley from Goldman Sachs as head of hybrid capital.
Risk at the margin
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Energy swaps
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Mark Tawney
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SG bolsters European credit business
SG, the investment banking arm of French bank Société Générale, has appointed Michel Granchi as director of credit sales. He will be responsible for developing the bank’s hedge fund business.
CAI & CL chiefs share top posts
Crédit Agricole Indosuez (CAI) and Crédit Lyonnais (CL) executives will share the management of foreign exchange after the two banks’ merger on April 30, reports Risknews ' sister publication FX Week .
Joint Forum hires new chairman
Gay Huey Evans, director of markets at the UK’s Financial Services Authority, has been chosen to take over the role of chairman of the Joint Forum, a group of experts set up to deal with issues common to the banking, securities and insurance sectors…
Lost in translation
Many credit market participants agree that a single European financial services market would be good for all concerned. But there is widespread doubt over whether the EU is the right architect for the project. Oliver Holtaway reports
Laying down the law
The debate surrounding the publication of market reform proposals by a group of leading bondholders – the so-called Group of 26 – is hotting up. Issuers have reacted negatively to what has in effect amounted to a series of ultimatums. Laurence Neville…
NAB CEO resigns after forex options scandal
National Australia Bank chief executive Frank Cicutto has resigned following a foreign exchange options trading scandal that has cost the bank A$360 million ($274.5 million). He has been replaced by John Stewart, executive director of NAB’s UK business…
BoA wins $17.85m weather derivatives lawsuit
Diamond State Insurance, a unit of Cayman Islands-domiciled United National Group (UNG), has agreed to pay Bank of America (BoA) $17.85 million to settle its claims over a series of weather derivatives policies written through the now defunct Customized…
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going for brokers
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New dawn heralds bright future for hedge funds
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Jersey's rule changes are the platform for hedge fund growth
The hedge fund industry in Jersey and the island's financial regulators have overhauled the existing rules to make business there more efficient and competitive. The benefits are already accruing...
wise old rookie
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finding brahman: in search of the best fund managers
Finding the right managers in the right geographical and investment sectors, and rewarding the best performers, is the key to healthy returns for funds of hedge funds
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The BAT man
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