People
WestLB raids HSBC to rebuild New York forex
Westdeutsche Landesbank (WestLB) is rebuilding its New York forex division with a raid on HSBC resulting in two senior management hires.
Deutsche Bank adds institutional sales staff in London
Deutsche Bank has added several staff with hedge fund derivatives sales experience and shifted several more within its institutional client group in New York and London.
FrontPoint hires equity arbitrage strategy team
US investment management firm FrontPoint Partners has hired a three-man quantitative equity arbitrage team aimed at developing an investment strategy generating low volatility absolute returns using liquid and risk-controlled methodologies.
Raeburn named new ACT chief
The UK's Association of Corporate Treasurers (ACT) has named ex-KPMG partner Richard Raeburn as its new chief executive.
BofA moves to replace lost FX staff
Bank of America (BofA) hired four senior foreign exchange traders and three institutional forex sales staff in April, in an ongoing expansion of its foreign exchange division, following a number of forex staff leaving the US bank last year.
Static data moves forward
Firms tackling high-speed and information-intensive tasks such as straight-through processing or risk management without accurate instrument and counterparty reference data may be taking enormous operational and credit risks. Clive Davidson reports on…
Switching on CLS
As the continuous linked settlement initiative prepares for a delayed launch later this year, firms that have been involved since the beginning outline how they hope to recoup and build on their investments.
Consolidation fever
Utilities
Wotowicz says adieu to European HY
People news
Still hungry for yield
Japanese investors
High-yield survival
Profile
BBVA senior officials investigated
LOSS DATABASE
EU bank regulation debate intensifies
BASLE II UPDATE
UK central banker warns against half-baked contingency plans
DISASTER RECOVERY
Losses and lawsuits
LOSS DATABASE
Nordea snares Andreasen and Bangert to boost exotics
Nordea Markets, the investment banking arm of pan-Nordic bank Nordea, has made two key hires as part of its bid to boost complex derivatives activities.
The opportunist
In Barclays Capital, Bob Diamond has created a business that can compete with the global bulge bracket
Static data moves forward
Firms tackling high-speed and information-intensive tasks such as straight-through processing or risk management without accurate instrument and counterparty reference data may be taking enormous operational and credit risks. Clive Davidson reports on…
Job moves
QUOTE OF THE MONTH: - “The perception of government support may induce the counterparties of government-sponsored enterprises to apply less vigorously some of the risk controls that they apply to manage their over-the-counter derivatives exposures”…
Dealers debate regime change in US interest rate volatility
Has the US interest rate options market entered a new period of sustained higher implied volatility? Deutsche Bank says yes, but other leading dollar interest rate derivatives dealers say it is too early to tell. Mortgage investors and options writers…