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Icap shuts London weather desk

UK inter-dealer broker Icap has exited the European weather and environmental derivatives market, an Icap spokesman told RiskNews ' sister publication EPRM today. “The European markets for these products are not developing at a large enough rate to…

Ex-Putnam CRO Martens joins TIAA-CREF

Erwin Martens, former chief risk officer at Putnam Investments, has joined the Teachers Insurance and Annuity Association College Retirement Equities Fund (TIAA-CREF) in the newly created position of executive vice-president forrisk management.

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Chappel replaces McCarthy as Williams CFO US energy major Williams has hired Donald Chappel (pictured) as senior vice-presidentand chief financial officer (CFO). He succeeds Jack McCarthy, who retired atthe end of 2002 after 10 years as CFO. Before this…

HSBC recruits global head of currency options

HSBC has hired Matt Desselberger from Deutsche Bank as its global head of currency options. He succeeds Martyn Brush, who will serve in a new position as head of derivatives business management, responsible for the operational side of the derivatives…

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