People
Jones leaves patsystems
David Jones, previously interim chief executive at London-based derivatives technology company patsystems, has left the company’s board to concentrate on other business ventures outside financial software. In September, Jones was replaced by Kevin Ashby,…
Fitch to investigate credit derivatives risk concentrations
Credit rating agency Fitch Ratings is concerned that the rapid growth and lack of transparency in the synthetic credit markets could be leading to alarming concentrations of risk with specific market participants.
IIF hires new deputy managing director
The Institute of International Finance (IIF) has named Peter McCarthy as deputy managing director with responsibility for regulatory activities.
Salame joins Tanemura as co-head of credit derivatives at Goldman
Goldman Sachs has promoted head of credit trading for Europe and Asia, Pablo Salame, to co-head of global credit derivatives alongside Ron Tanemura, who was previously sole global head of credit derivatives.
Ralfe to leave UK retailer Boots
John Ralfe, head of corporate finance at UK retailer Boots, has resigned from the company amid media speculation that he fell out with senior management over accounting and other issues related to the running of the company’s pension fund.
AIG makes senior FX appointments
AIG Trading Group has made four senior additions to its global foreign exchange operation over the past two months, a spokesperson in the bank’s Greenwich, Connecticut headquarters said.
BarCap builds credit team with two new hires
Barclays Capital, the investment banking arm of the UK’s Barclays Bank, has boosted its presence in the European credit derivatives business through two new hires.
ST Asset Management mulls CDOs and plans to boost headcount
ST Asset Management (STAM) is planning to increase its staff – which is currently 19-strong – by one third throughout next year, in a push to become a key participant in Asia’s structured finance market, according to Chong Jiun Yeh, a senior vice…
Prebon Yamane’s Hong Kong head Lam to retire
Joe Lam, managing director of brokerage house Prebon Yamane (Hong Kong), will retire from the firm following 27 years with the company. His replacement has yet to be named.
Wagner named new CFO of Mirant
Atlanta-based energy firm Mirant has named Harvey Wagner as its new chief financial officer (CFO).
Wyman’s Wilson to head new Prmia chapter in Switzerland
Tom Wilson, head of Oliver Wyman and Company’s global finance and risk practice group, will head a new chapter for the Professional Risk Managers’ International Association (Prmia) in Switzerland.
Against their will
Cad 3
Ex-Mirant risk officer named executive director of CCRO
Mike Smith, former global risk control officer of Atlanta-based energy firm Mirant, was today named executive director of the Committee of Chief Risk Officers (CCRO).
Dunne named head of strategy at Reuters Treasury Services
Reuters has named Chris Dunne as head of strategy at its Reuters Treasury Services unit.
Danske restructures FX sales
Danske Bank has reorganised its forex sales team in London into separate units for corporate and institutional customers.
CLS Is Live. What Next?
CLS participants breathed a huge sigh of relief when the long-awaited system launched successfully. Is anyone ready to start expanding the system to new products?
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Law firms staff up
People news
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Who is left to manage risk?
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C&W: needs retuning
Credit of the month
Securing the market
Securitisation