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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…
Totem recruits Johns to head credit derivatives business
Totem Market Valuations, a London-based data valuations provider, has hired Euan Johns to expand its credit derivatives pricing service, which it established around a year ago.
Prebon Yamane's Singapore chairman to retire
John Ng, chairman of brokerage house Prebon Yamane (Singapore), is to retire from the firm following 29 years with the company.
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.
People swaps
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…
Cross-border conundrums
Credit Risk
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…
JP Morgan Chase hires Asian credit and rates MD
JP Morgan Chase has snatched Kelvin Wong from Deutsche Bank, appointing him as a managing director in the credit and rates business and head of credit sales in Asia ex-Japan.
Gartmore poised to roll out four products in quantitative strategy
Launch of pan-European hedge fund will be followed by Japan, UK and global versions
Stick to what you know
Many merger and acquisition arbitrage managers strayed from their chosen strategy as M&A activity dried up last year, causing consternation among their investors. Pioneer Alternative Investments' fund aims to follow its chosen remit resolutely
Principia and CreditTrade extend coverage to market
principia system Version 4.0 offers risk analysis techniques
the great challenge
New proposals and regulatory reviews will have an unprecedented impact on the European hedge fund industry, but is it all doom and gloom?
Consistent earner
Jupiter's Astral fund selects managers that have the ability to make money regardless of market direction
Eternal vigilance
Putting money into hedge fund products demands not only careful pre-investment due diligence but also continuing scrutiny of those managing the funds
RBC sets up new forex prop desk
Royal Bank of Canada (RBC) set up a new foreign exchange proprietary trading group last week in an attempt to steal a march on its competitors, according to RiskNews’ sister publication FX Week .
Ferguson named chairman of FSF
Roger Ferguson, vice-chairman of the Board of Governors of the US Federal Reserve System, was named chairman of the Financial Stability Forum (FSF) today.
Hong Kong regulator cracks down on money laundering compliance
HONG KONG - Banks in the Special Administrative Region are up against a tight deadline for implementing new anti-money laundering requirements, but the Hong Kong Monetary Authority (HKMA) is not going to move its September cut-off date.
Perlin to leave World Bank
Gary Perlin has announced plans to leave his job as chief financial officer of the World Bank, effective June 30, to join Virginia-based credit card giant Capital One Financial as its CFO. The World Bank said that managing director Jeffrey Goldstein will…
Barclays makes new hire for Taiwan
Barclays Capital has appointed Amy Yang as a director in its investment banking division in Hong Kong. Yang will be responsible for providing foreign exchange and liability risk management products to the Taiwan corporate sector.
Roundtable > Operational risk quantification: a discipline at a crossroads
Operational Risk magazine held its first European roundtable during Risk magazine's annual European congress, in Paris, on April 9.
Corporate Actions: Anxiety and Curiosity Around DTCC's New Hub
The DTCC's initiative to stake a greater claim to the corporate action space presents stiff competition or new opportunity, depending on the perspective.