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Barclays grabs Lehman's forex trading head
Barclays has hired John Caccavale, head of forex trading at Lehman Brothers in New York, to head trading for the Americas. He will report to Thomas Kalaris, Barclays’ chief executive of the Americas, based in New York. According to a recruiter, Caccavale…
Barclays Capital brings in Stephen Jones
Barclays Capital, the investment banking division of Barclays Bank, has hired Stephen Jones as its London-based head of corporate risk management for Europe and head of the newly formed financing solutions group.
Deutsche in major shake-up of credit responsibilities
Deutsche Bank has shaken up its credit derivatives business, making Boaz Weinstein its global head of investment grade credit risk. Weinstein took up the newly created role in June, continuing with his responsibilities as Deutsche Bank’s head of credit…
SEC lifts final barrier to single-stock futures trading
The final barrier to the trading of single-stock futures (SSFs) in the US was removed yesterday when the Securities and Exchange Commission (SEC) approved customer margin rules. Earlier this month, the SEC’s regulatory partner, the US Commodity Futures…
Deutsche hires senior FX strategist from JP Morgan Chase
Deutsche Bank has hired Bilal Hafeez from JP Morgan Chase as a senior foreign exchange strategist.
Algorithmics hires van den Akker to push Algo Credit sales
Algorithmics, the Toronto-headquartered provider of risk management software, has appointed Mark van den Akker as a sales specialist to head its Algo Credit risk sales in North America.
DrKW hires senior credit structurer in Japan
Dresdner Kleinwort Wasserstein (DrKW), the investment banking arm of Germany's Dresdner Bank, has hired Carlos Cala as director and senior structurer within its global credit derivatives team. Based in Tokyo, he will report to Rick Weinstein, London…
Barclays nabs Bear Stearns' European credit derivatives head
Andrew Whittle, Bear Stearns head of European credit derivatives in London, left the bank yesterday, a spokesman for the US bank in London has confirmed.
Cooper joins RBS from JP Morgan Chase
Royal Bank of Scotland Financial Markets has hired Simon Cooper from JP Morgan Chase as head of programme management.
Merrill Lynch restructures credit and structured finance units
Merrill Lynch today unveiled a significant restructuring of its European, Middle East and Africa (EMEA) credit and global principal investment and structured finance (GPISF) businesses, headed by Tim Grell and Dale Lattanzio respectively.
Bear Stearns hires Merves as senior hedge fund analyst
Bear Stearns Asset Management has hired Scott Merves as managing director and senior analyst to its equity hedge fund group, New Castle Partners.
Merrill Lynch snares Goldman derivatives ace Covin
Merrill Lynch has poached David Covin from Goldman Sachs to develop interest rates products in its strategic solutions group (SSG) - a unit split into interest rates and credit divisions that specialises in structuring derivatives products for investment…
Flawed risk management forces Abbey chief Harley to quit
Ian Harley, chief executive of British retail bank Abbey National, was forced to resign today following months of speculation about his future, after the bank unveiled large losses due to poor risk management in its wholesale banking unit.
City Networks names new chief executive
City Networks, a London-based software and services provider for the treasury and derivatives markets, has named Costa Christodoulou as its new chief executive.
Tremont appoints UK managing director
Tremont Advisors, a consulting and information provider for the alternative investment business, has hired Rupert Allan as managing director of its UK subsidiary Tremont TASS (Europe). Allan will oversee all marketing and business development for Tremont…
UBS Warburg unveils North American interest rate and FX hires
UBS Warburg has hired Glenn Taitz and William Ludington as executive directors in its North American interest rate and foreign exchange divisions. Based in Stamford, Connecticut, the pair will report to Michael Ice, head of marketing and structuring of…
Goldman restructures credit derivatives sales
Goldman Sachs has restructured its North American credit derivatives sales team to focus on its 40 largest clients.
DrKW takes ex-Deutsche quartet for securities lending team
Dresdner Kleinwort Wasserstein (DrKW) has hired Fredrik Carstens, Anthony Frieze, Alison Briggs and Jay Schreyer to its newly-created agency securities lending team.
Bear Stearns names Aisola head of convertibles research
Bear Stearns has hired Rao Aisola from Morgan Stanley as head of convertible bond research in New York.
DPM appoints chief financial officer and assistant controller
New Jersey-based Derivatives Portfolio Management (DPM), which provides data-gathering, risk analysis and reporting services to financial institutions, has appointed Steve Mandell as chief financial officer and Judy Yellin as assistant controller, both…
ABN Amro continues credit derivatives expansion
ABN Amro has made Terri Duhon its London-based head of credit structuring and head of exotics trading, a newly created position. Duhon is the latest in a string of senior credit derivatives hires for the Dutch Bank in London, New York and Singapore.
Commerzbank appoints Pomper to head credit sales
Commerzbank Securities, the investment banking division of Commerzbank, has appointed Avril Pomper as head of credit sales in London.
CSFB lures top quant Lipton from Deutsche
Alexander Lipton, the first recipient of Risk 's 'quant of the year award' in 2000, has joined Credit Suisse First Boston as a director in the firm's global modelling and analytics team in New York, reporting to managing director Daniel Brown.
Reech appoints Chaplin to develop credit derivatives functionality
Reech Capital, the London-based supplier of risk management, pricing, valuation and operational services, has appointed Geoff Chaplin to oversee development of credit derivatives functionality for its portfolio of quantitative business tools.