People
Securities trading could be money laundering tool
PARIS — Securities trading is a potential mechanism for money laundering, the Financial Action Task Force (FATF) said in February.
ABN Amro expands structuring and advisory capabilities in Asia
Dutch bank ABN Amro has significantly bolstered its financial institutions and public sector group in Asia with the addition of 10 new hires, as it looks to extend its structuring and advisory capabilities across the region.
Caruana to replace McDonough as Basel Committee chief
Jaime Caruana, governor of the Bank of Spain, will replace William McDonough, president of the Federal Reserve Bank of New York, as chairman of the Basel Committee on Banking Supervision.
Profile: SEB strives for total operational risk acceptance
STOCKHOLM, Sweden — Within the discipline of operational risk, it's often fancy mathematical models and souped-up databases that executives choose to focus on. But Lars Hansén, manager of Swedish financial company SEB's group op risk team, says it's the…
Vol surge expected from Eastern Europe
Political events in countries slated to join the European Union and the euro are set to trigger a wave of foreign exchange volatility in emerging European countries, market participants said.
Amrolia quits as co-head of European corporates group at Goldman
Zar Amrolia, co-head of the European corporates group and former global head of foreign exchanges sales at Goldman Sachs, has left the bank after a series of job changes divested him of some of his forex responsibilities.
SG reorganises European forex derivatives sales team
SG, the corporate and investment banking arm of Société Générale, has reorganised its London-based, western European (excluding France) foreign exchange cash and derivatives sales team into two specialised lines.
SPV Ruling: Counting the cost
The recent crop of high-profile accountancy scandals has forced the US accounting regulator to clamp down on the 'creative' use of special purpose vehicles to shift liabilities off balance sheet. Saskia Scholtes investigates the ramifications for firms…
Merrill nabs Goldman Sachs risk management group staff
Merrill Lynch has hired four ex-Goldman Sachs bankers for its corporate risk management group focused on Europe, the Middle East and Africa (EMEA).
Meeting Basel II head on
Profile
Knight Trading creates institutional options and ETF team
US equity and derivatives market-maker Knight Trading has established an institutional options and exchange-traded funds (ETF) sales and trading team with six new appointees, mostly from Merrill Lynch.
Job moves
People
US structured products head Ricciardi quits CSFB
Christopher Ricciardi, head of Credit Suisse First Boston's (CSFB) US structured credit products group in New York, has left the Swiss-owned investment bank, a CSFB spokesperson said.
Lehman’s Coym replaces Fischer as Eurex chairman
The exchange council of Eurex Deutschland has elected Peter Coym as its new chairman to replace Leonhard Fischer, who resigned the post when he left Dresdner Bank on October 31 last year.
Deutsche Asset Management to focus on retail market in Asia
Deutsche Asset Management has hired Sharon Cheng as head of retail sales for its Asia ex-Japan businesses. The newly created position is aimed at boosting the firm’s efforts in the retail market across the region.
STP - Morgan Stanley Speeds FIX Monitoring
To better manage exposures, the firm realized traffic running through its electronic trading network had to be monitored in real time.
Feinstein asks CFTC to investigate gas pricing manipulation
Dianne Feinstein, the Democrat senator for California, yesterday urged the Commodity Futures Trading Commission (CFTC) to work with the Federal Energy Regulatory Commission (FERC) to investigate whether there has been manipulation of the US natural gas…
Diary Of A Data Center Relocation
After Sept. 11, Prudential Financial modified its disaster recovery plan. That modification involved closing its center in New York and opening one in Pennsylvania.
Fimat Group reinforces Asian operations
Fimat Group, the brokerage arm of French bank Société Généralé, has promoted a number of its staff in the Asia-Pacific, in a move aimed at reinforcing its position in the region.
BNP Paribas hires Hong Kong-based securitisation specialist from Fitch
BNP Paribas has hired Sunny Park as a Hong Kong-based associate director and structured credit research analyst. She is due to start work at the French bank this week, and was previously an analyst in the structured finance division of credit rating…
New models for ailing pensions
Pension funds
Investors get real
Commodities
In need of reassurance
Insurance sector