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BNP Paribas beefs up Asia credit derivatives team
French bank BNP Paribas is beefing up its credit derivatives team with new hires and transfers from its London office, according to Stéphane Delacote, head of Asian credit derivatives.
HSBC sets up NY prop desk
The UK's HSBC has set up a proprieatry foreign exchange trading desk in New York to be run by Dominic Larche.
JP Morgan Chase appoints equity derivatives co-head in Asia
JP Morgan Chase has appointed Andrew Cooper as co-head of its Asia-Pacific equity capital and derivatives markets (ECDM) division, a position he will share with the incumbent Nick Andrews.
Prince to head global investment at Citi, while Weill apologises
Charles Prince has been appointed chairman and chief executive of the global corporate and investment bank (GCIB) of Citigroup. His risk management responsibility will be assumed by Robert Willumstad.
Keeping volatility low at NIB International
The portfolio holds 60% in target return funds and has exposure to long-only funds
New broker dealer company offers access to hedge funds
firm aims to specialise in providing access to hedge funds
Tapping into the strength of the emerging markets
As the dollar reaches a par with the euro, many traders have been focusing on peripheral currencies in the emerging markets
Short but sweet
Although much criticised after 11 September, shorting is gaining in popularity and the FSA is looking into its impact in the UK
ABN Amro Futures hires head of soft commodities in US
ABN Amro Futures Group, part of ABN Amro Clearing and Execution Services (AACES) division, has appointed John Koehne as head of soft commodities in the US.
Rees resigns from Baring to head new quant team at Schroders
Stephen Rees has resigned from Baring Asset Management (BAM) to head a new investment process team at UK asset management firm Schroders.
German focus: Trouble below deck
Despite weathering a number of storms over the past decade, notably reunification and monetary union, the German economy is facing a new threat.
HSBC appoints London head of structuring for conduit securitisation
HSBC has appointed Craig Squire as head of structuring for London conduit securitisation, which involves the repackaging and securitisation of a number of asset pools via a single company, rather than the traditional use of special-purpose vehicles.
Lehman Brothers hires Asian head of equities
Lehman Brothers has hired Timothy Throsby as managing director and head of equities for Asia.
Fimat looks to build alternative investment presence
Fimat Group, Société Générale’s brokerage subsidiary, has formed a New York-based Financial Services Group (FSG) to increase its presence in the alternative investment community.
ABN Amro appoints senior US FX strategist
ABN Amro has appointed Greg Anderson, previously senior global markets strategist at Fleet Bank Boston, as senior foreign exchange strategist in the US.
Large takes over from Clementi as deputy governor of the Bank of England
Andrew Large – formerly deputy chairman of UK financial services group Barclays – was yesterday appointed deputy governor, with responsibility for financial stability, of the Bank of England.
Small but mighty
Introduction