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Lloyds TSB hires FSA risk regulator
Lloyds TSB, fined recently by the Financial Services Authority (FSA) for mis-selling investment products to retail investors, has responded by hiring the UK financial watchdog's top risk regulator.
K2 Advisors hires Nederlof from Deutsche Bank
Connecticut-based fund of hedge funds K2 Advisors has hired Maarten Nederlof as a managing director for product development.
Lehman Brothers adds six new equity derivatives staff
Lehman Brothers has recruited six new sales and trading staff to its European equity derivatives business.
Lloyds TSB hires FSA risk regulator
Lloyds TSB, fined recently by the Financial Services Authority (FSA) for mis-selling investment products to retail investors, has responded by hiring the UK financial watchdog's top risk regulator.
UBS adds to Taiwan equity risk management team
UBS has boosted its equity risk management team in Hong Kong with the appointment of Alex Chi as executive director.
Primus names new CFO
Bermuda-based Primus has named Richard Claiden as its new chief financial officer. He replaces Joseph Bauman, who will stay on as a senior adviser before leaving the company at the end of the year.
Glass-Steagall and Dingell?
Congressman John D. Dingell, the indefatigable Democrat from Michigan, has embarked on a crusade against the practice of 'tying' – where banks use loans to secure further business.
JP Morgan Chase plans US power trading foray
JP Morgan Chase is establishing a New York-based electricity trading desk, joining a growing number of banks that have entered the sector in the past year.
Standard Chartered options trading head leaves
Standard Chartered has lost another member of its Singapore foreign exchange options team following the departure of Tim Carrington, global head of foriegn exchange options in Singapore, in July.
Risk quant of the year Lipton snared by Citadel
Alex Lipton, who won Risk ’s Quant of the Year award in 2000, has left Credit Suisse First Boston after only nine months and joined Citadel Group, the Chicago-based hedge fund.
Reuters names new global head of risk
UK trading systems and market data vendor Reuters has made Sebastien Rousotte global head of risk, a position that has been empty since the departure of Mike Whitaker earlier this summer.
Bill of rights
A group of 25 institutional investors have released a manifesto outlining their aims for a better world for bondholders. Stronger covenants, greater transparency and improved ratings practices are amongst their demands.
BarCap expands corporate risk management advising team
Barclays Capital (BarCap), the investment banking arm of Barclays Bank, has hired three new staff to work in its corporate risk management and advisory team in New York.
State Street hires options chiefs in Asia and Europe
State Street has hired two regional foreign exchange options managers in newly created positions overseeing Asia and Europe.
JP Morgan Chase hires portfolio options trader
JP Morgan Chase has re-hired Joakin Diedricks to look after global portfolio options within the foreign exchange trading group in London.
Geithner to replace McDonough at New York Fed
Timothy Geithner, currently the director of the Policy Development and Review Department at the International Monetary Fund (IMF) in Washington DC, has been named the next chief executive of the Federal Reserve Bank of New York.
Algo to release flagship Basel II-compliant system in January
Canadian risk management systems vendor Algorithmics will release version 4.4 of its Algo Suite flagship product on January 15.
Geithner to replace McDonough at New York Fed
Timothy Geithner, currently the director of the Policy Development and Review Department at the International Monetary Fund (IMF) in Washington DC, has been named the next chief executive of the Federal Reserve Bank of New York. He replaces Bill…
Barcap nabs Citigroup equity derivatives salesman
Barclays Capital, the investment banking division of Barclays Bank, has appointed Andrew Stonely from Citigroup as a director in equity derivatives sales. He will be responsible for developing the European equity derivatives flow business.
Algo to release flagship Basel II-compliant system in January
Canadian risk management systems vendor Algorithmics will release version 4.4 of its Algo Suite flagship product on January 15. Its enterprise-wide risk management system will include all the features necessary for Basel II regulatory capital reporting,…
Weasel parade
Investment bank CIBC has been found guilty of multiple counts of deception in underwriting a bond deal for cosmetics company Renaissance. Linda Corman reports on the evidence that emerged from the court case.