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Van Tonder takes over as Front’s South Africa head
Cliff van Tonder has assumed leadership of Front Capital Systems’ South Africa office. He will maintain relations with existing Front clients such as ABSA, Standard Bank, Nedcor and Investec, as well as targeting new clients likely to include prominent…
Vijayan quits Andersen to join Principia Partners
Anil Vijayan, former head of the straight-through processing practice in the consulting division of auditor Andersen, has moved to software vendor Principia Partners to shape the New Jersey-based company’s FAS 133 and IAS 39 derivatives accounting…
New director of group risk management at Invensys
Invensys, the production technology and energy management company, has hired Nick Smith as director of group risk management in London.
SG appoints director of structured products in Tokyo
SG, a division of French banking group Société Générale, has boosted its Tokyo-based structured products team with the appointment of Soon-Il Lee as a director of the group.
HypoVereinsbank moves for Japanese credit derivatives licence
HypoVereinsbank is preparing to apply for a licence that would allow it to trade credit derivatives in Tokyo. The move comes as the German bank has significantly beefed up its credit derivatives and securitisation teams in Asia.
UBS will not replace timezone risk manager Mullet
UBS Warburg, the investment banking arm of Swiss bank UBS, said it will not replace Mark Mullet, a timezone risk manager for North America FX options.
Deutsche Bank Americas credit derivatives head moves to Asia
Alejandro Brockmann, head of credit derivatives for the Americas at Deutsche Bank in New York, has now been made head of the bank's emerging markets trading and integrated credit trading for Asia. He will officially take on his new Singapore-based role…
NetRisk’s Ceske heads to GE Capital
Rob Ceske, head of business development at NetRisk and its subsidiary OpVantage, has left the company to take on a new role at GE Captial. Ceske’s departure from the Connecticut-based risk management company comes as it is being acquired by Fitch Risk…
Evolution Markets launches weather desk
New York-based environmental and energy broker Evolution Markets has returned to the weather derivatives sector with the launch of a weather desk, six years after it brokered its first over-the-counter weather deal.
Tullett completes restructuring of European operations
UK interdealer broker Tullett & Tokyo Liberty has completed the restructuring of its European operations - following the merger of Tullett & Tokyo and Liberty back in December 1999 - by naming five managing directors to drive the broker towards its goal…
Aquila finally buries energy trading business
Missouri-based energy trader Aquila today said that it has put the lid on the coffin of its energy trading division, following almost two months of speculation. In June, Aquila unveiled plans to wind down its trading book, but said it was looking for a…
Bank of America expands global proprietary trading
Bank of America has named Lawrence Barwick as global head of proprietary FX trading, based in London. The appointment is part of a build-up of global prop trading - the latest stage in the bank’s wholesale expansion of foreign exchange, Larry Baum,…
How Japan got it covered
The fast-growing Japanese weather derivatives market is unique in both its product diversity and the range of small business end-users it serves. But where are the big players? Rob Dwyer reports
Trading places
Whatever criticisms Enron’s competitors may level at the fallen giant, few have been shy about snapping up the talent left behind by the company’s demise. James Ockenden looks at the recruitment market in Enron’s wake
BoA hires Citi veteran to head Asian derivatives sales
Bank of America (BoA) has hired Freda Sze as regional head of global derivatives sales in its global markets group. Based in Hong Kong, Sze will report to Goetz Eggelhoefer, Asian head of global markets.
Tokai Bank Europe equity head leaves to start own hedge fund
mark page limbers up for eriswell capital launch in october
Eastern opportunities
The manager of the New Star Asia Renaissance Hedge Fund sees major opportunities for going long and short in the post-crisis restructuring economies of east Asia
Don't settle for second best
Investors need to take extra care when crossing over to multi-strategy funds ' managers may not be all they're cracked up to be, lacking the relevant expertise
Laying down the money laundering law
The Patriot Act passed in the US last year to combat money laundering is adding to the compliance headaches of the European hedge industry
It's all in the mix
Want to set up a hedge fund but don't know where to start? Here's the lowdown
A tough nut to crack
Legal impediments and excessive taxation have stunted the German hedge fund market. If these are eased there should be massive growth