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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.
Rift emerges at CFTC over Feinstein bill
Thomas Erickson, a commissioner of the US Commodity Futures Trading Commission (CFTC), yesterday said he fully supports increased oversight of energy derivatives trading, in the wake of Enron’s collapse. Erickson, testifying before the US Senate…
DrKW sets up prime brokerage service
Dresdner Kleinwort Wasserstein (DrKW) has launched a prime brokerage business, offering financing and support services to hedge funds and alternative investment funds.
ING re-enters Asian equity derivatives market
ING Financial Markets has appointed Trinh Du as director and head of structured and listed equity derivatives trading, marking the Dutch institution’s return to the Asian equity derivative markets after an absence of five years.
DrKW adds to credit derivatives team
Dresdner Kleinwort Wasserstein (DrKW) has continued to expand its credit derivatives team and hired Hideyuki Kudo in Japan and Hans-Juergen Brasch and Kaveh Taleghani in London.
Bank of America traders launch forex hedge fund
Three senior forex traders from Bank of America (BoA) in New York last week launched Scalene Partners, a new intra-day forex hedge fund.
IFX expands sales force
Margin forex player IFX plans to expand its sales force in the coming months, as part of a drive to increase its client base, an official told RiskNews ' sister publication FX Week .
Tokai equity trading team quits to set up hedge fund
Mark Page, who quit as head of equity trading at Tokai Bank Europe in April 2002, plans to launch a multi-strategy hedge fund called Eriswell Capital.
Merrill strips out European structured credit head
Glenn Barnes, London-based head of European structured credit, has left Merrill Lynch. His departure is due to a decision to strip out a layer of management, a Merrill Lynch spokesman claimed.
Merrill Lynch creates non-Japan Asia derivatives role
Merrill Lynch is creating a new position for its non-Japan Asia local currency foreign exchange and interest rate derivatives business to cater for client demand, a senior official said.
NAB bolsters credit team
National Australia Bank (NAB) has bolstered its structured credit team with the addition of Peter Rothwell, who joined the Australian bank’s London office last week as senior trader.
Appleton to expand its portfolio with two funds
Group plugs gap left by scott campbell's resignation
Sharpe practice
Schroders' emerging markets Astra fund is aiming to achieve good returns with a Sharpe ratio of about one and two-thirds the volatility of its benchmark
Media money-spinner
The manager of the Lindsell Train media hedge fund has a simple objective ' to make money and the proliferation of media distribution platforms is helping him to meet his aim