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Loss-making Raft replaces chief executive
Raft International, a London-based software development company that provides risk management products, which on Monday reported a £1.15 million interim loss before tax, will replace its chief executive Frank Mobjerg.
Merrill Lynch continues with forex hires
Merrill Lynch has continued its forex hiring spree with the hire of Rabobank’s former global forex head, Michele di Stefano.
Reid to head Willis' structured finance group in North America
Willis Structured Financial Solutions (WSFS), a division of Bermudan-based insurance broker Willis, has hired Diana Reid to head its North American operations.
Algorithmics names EMEA and Asia-Pacific regional sales directors
Toronto-based risk management software developer, Algorithmics, has appointed Hugh Stewart as regional managing director of sales for Europe, the Middle-East and Africa, and Graham Nyman as regional managing director ofsales and professional services for…
Lehman appoints European equity derivatives head
Lehman Brothers has hired Neil McDonald to head up its European equity derivatives flow trading business. McDonald joins from Morgan Stanley where he worked for five years as a senior equity derivatives trader.
Primus Financial starts credit derivatives trading
Derivatives market veterans Thomas Jasper and Joseph Bauman said their new firm, Primus Financial Products, a triple A rated provider of credit risk protection for the credit derivatives market, has started trading.
SG to enter structured bond business in South Korea
SG, the investment banking arm of France's Société Générale, plans to start offering structured bonds in South Korea by the second half of this year to cater for the growing demand for yield enhancing structures in the country, according to an official…
Commerzbank boosts credit trading division
Commerzbank Securities, the investment banking division of Commerzbank, has moved Kristian Sharp to head its North American credit trading division and made two new hires.
Dynegy ceases online energy trading
Houston-based energy company Dynegy has halted trading on Dynegy Direct, its online trading platform.
ABN Amro hires head of FX option sales in Singapore
Dutch bank ABN Amro has hired Tan Huilin as head of foreign exchange options sales in Singapore.
DrKW hires Kobashi in Tokyo to offer risk management services to pensions funds
Germany’s Dresdner Kleinwort Wasserstein (DrKW) has hired Yoshikazu Kobashi from Morgan Stanley Japan to oversee the bank’s corporates and pensions marketing in Japan. Kobashi’s team will offer risk management solutions to corporates and pensions,…
KDB sets up credit derivatives desk in Seoul
The Korea Development Bank (KDB) has established a credit derivatives desk following an internal reorganisation of the bank's derivatives operations and in response to the growing credit derivatives market in the country, said Hae-Geun Chung, head of the…
Deutsche hires European head for structured capital markets
Deutsche Bank has hired Matt Press as managing director and European head of structured capital markets within its global markets unit. The hire is a newly created position, said a Deutsche spokeswoman.
ISE elects Frank Jones as vice chairman
US electronic equity options market, the International Securities Exchange (ISE), has elected Frank Jones as vice chairman. He replaces Ivers Riley, who has been appointed chairman of the two-year-old ISE.
UBS Warburg hires Mallory Brooks to head cross rates group
UBS Warburg has hired Mallory Brooks as head of the cross rates group in North America and co-head of the global hedge fund group in the bank's interest rates and foreign exchange (FX) division.
Korea's Kookmin Bank to launch equity derivatives desk
Anticipating an increase in South Korean equity derivatives activity, Korea's Kookmin Bank is looking to establish a dedicated equity derivatives desk by the end of the year, said Nicholas O'Kane, Kookmin's Seoul-based business head for derivatives and…
ING names new head of financial markets in Singapore
ING Financial Markets, a unit of Dutch banking and insurance group ING Group, has named Percy Rueber as managing director and head of financial markets in Singapore.
Voltrex appoints European director
Voltrex Options, a derivatives brokerage house based in London, has appointed Arnaud Fransioli as director for Europe. Fransioli assumes responsibility for developing the company’s business on all main continental European derivatives markets, starting…
Crédit Lyonnais builds up credit derivatives capability in Tokyo
French bank Crédit Lyonnais intends to develop its credit derivatives activity in Japan, with two new hires, one internal transfer and possibly one further hire, said Edward Willems, head of credit derivatives in Tokyo.
XL London Market appoints risk director
XL London Market, an insurance syndicate at Lloyd’s of London, has appointed Paul Drake as director of risk management, a newly created position.
OCC promotes Cahill to president
The Options Clearing Corporation (OCC), the US clearing organisation for financial derivatives, has promoted Michael Cahill to the post of president and chief operating officer, effective July 1.
BMO aims to boost credit derivatives sales with new hires
The Bank of Montreal (BMO) plans to boost its credit business in London following its hire of Emma Vassallo and Lucile de Carbonnières as managing directors of its credit derivatives group.
ZCM forms new risk advisory group
Zurich Capital Markets (ZCM), the New York-based alternative asset management firm, has formed a new risk advisory unit in Australia, and appointed John Martin, formerly of PricewaterhouseCoopers (PwC), as managing director of the group.
Dresdner recruits derivatives marketers from JP Morgan Chase in Tokyo
German investment bank Dresdner Kleinwort Wasserstein (DrKW) has recruited two JP Morgan Chase officials to fill vacant positions in its fixed-income derivatives team in Tokyo.