People
Credit risk systems: Getting the risk right
The requirements of the new Basel Accord are prompting some banks in Asia to begin implementing sophisticated credit systems, but there are still some obstacles to overcome.
Economist and psychologist share Nobel Prize for Economics
Daniel Kahneman, a psychologist at Princeton University, and Vernon Smith, an economist at George Mason University in Virginia, will share this year’s Nobel Prize for Economics. Both have done pioneering research into how real-world risk preferences…
Peter Davies joins RiskMetrics
Peter Davies, one of the leading developers of risk management systems over the past decade, has re-emerged after a summer break in a new position as vice-chairman of RiskMetrics, the New York based risk advisory firm.
Peter Davies joins RiskMetrics
Peter Davies, one of the leading developers of risk management systems over the past decade, has re-emerged after a summer break in a new position as vice-chairman of RiskMetrics, the New York based risk advisory firm.
Bear Stearns recruits futures sales team to target hedge funds
Bear Stearns has recruited an eight-person futures sales team to target hedge funds, led by industry veteran Roland Morris, for its interest rate futures department.
Lehman Brothers hires head of fixed-income Asia
Lehman Brothers has promoted Hyung Soon Lee, currently head of high-yield Asia, to head of fixed-income Asia.
Cruickshank to leave LSE in July 2003
London Stock Exchange’s (LSE) Don Cruikshank has said he will not seek re-appointment as chairman at the exchange’s next annual general meeting in July 2003.
Goldman Sachs appoints derivatives marketeer for Swiss clients
Goldman Sachs has expanded its European fixed-income corporates team with the appointment of Maroan Maizar to run its foreign exchange and derivatives marketing effort for Swiss clients.
FX options business booming
Banks are expanding FX options teams in London and Asia in response to increased interest in derivatives from clients, officials told RiskNews’ sister publication FX Week .
UBS hires Asian credit trader
UBS Warburg has bolstered its Asian credit derivatives team, with the appointment of Anders Haagan as director of credit derivatives trading in Singapore.
Alpha Investment Management appoints new managing director for risk management
Alpha Investment Management, a provider of hedge funds and fund of funds, with $2.2 billion in assets under management, has appointed Bruce Schreiber as managing director for risk management. Schreiber will be responsible for overseeing all of Alpha's…
Deutsche Postbank ramps-up FX trading
German savings bank Deutsche Postbank is to add seven more foreign exchange traders to its new trading floor in Frankfurt, a spokesperson told RiskNews’ sister publication FX Week . When completed, the expansion - which started with the relocation of its…
Putnam Investments mulls hedge fund debut
Putnam Investments, a $260 billion asset manager in Boston, Massachusetts, may soon join the ranks of other large money managers and launch new alternative investments funds, including hedge funds.
Lehman Brothers hires Singapore Branch GM
Lehman Brothers has hired Catherine Loh as a senior vice-president and general manager of its Singapore branch, effective next Monday.
Deutsche appoints head of relative value group in Americas
Deutsche Bank has appointed Erik Falk as head of its global markets division’s Relative Value group sales team, covering all credit products including cash bonds and credit derivatives. The group targets institutional clients including reinsurance…
Bank defections
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The credit risk time bomb
Insurers
Reinventing the market
Cashflow CDOs
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The credit risk time bomb
Insurers remain very keen to both guarantee and invest in credit derivatives products, but key regulators are about to release reports indicating that risk transfer between the insurance and banking sectors might not be such a good idea.
PHLX Rigs Database For Contingency
When its internally developed database began showing signs of strain from rising options volumes, the exchange sought a new disaster recovery solution. Its choice: an in-memory database.
