People
Bucking the downturn
The Decillion Convertible Arbitrage Fund has risen 16% in the past eight months despite concerns about volatility and credit in the market
Managing the future
Market volatility adds to the woes of global macro and managed futures
Safety first
After a turbulent 1998, Swiss-based Signet Research & Advisory has undergone a radical risk assessment of its fund of hedge funds
EU officials act on post-Enron policy issues
European Union (EU) finance ministers and central bankers ordered a review on Saturday of the supervisory issues for derivatives trading and the preparation of financial data to try to avoid any Enron-like collapses in Europe.
ABN Amro expands FX options team
Dutch investment bank ABN Amro has added three traders to its global foreign exchange options business.
Booth to head credit trading at RBS
The Royal Bank of Scotland (RBS) has hired Stewart Booth as head of credit trading for the capital markets division of RBS Financial Markets. Booth will not only run trading for credit derivatives, but also RBS' investment grade and high-yield businesses.
Merrill makes more key FX hires
Merrill Lynch has made another number of key hires to its FX team following the appointment of Michael deSa as global head of FX late last year. The US investment bank has lured Adam Kreysar, the highly rated global head of FX options at UBS, as its new…
Chubb head calls for more chief risk officers
Dean O’Hare, chairman and chief executive of Chubb Corporation, believes companies without a chief risk officer are not handling risk management effectively. Speaking at the Risk & Insurance Management Society’s annual conference in New Orleans today, O…
Patsystems to recruit new chief executive
Patsystems, the London-based derivatives trading systems vendor, is actively seeking a replacement for chief executive David Jones, according to company sources.
HSBC's Asian head of risk management quits
Azam Mistry, HSBC's Asia-Pacific head of risk management, has left the bank, according to an HSBC official in Hong Kong.
ABN Amro launches Asian absolute return group
ABN Amro has hired Richard Johnson and David Kwan as directors to create a new Asian absolute return strategy group in Hong Kong.
CME and GSCC team to offer eurodollar futures cross-margining
Clearing members of both the Chicago Mercantile Exchange (CME) and the Government Securities Clearing Corporation (GSCC) can start cross-margining buy-sell and repo US government securities against eurodollar futures and options from April 12.
Vasan to co-head equity derivatives at CSFB
Credit Suisse First Boston (CSFB) has named Philip Vasan co-head of its equity derivatives and convertibles unit, according to an internal memo.
Totem hires new head of rates and currencies
Totem Market Valuations, the London-based valuations clearing house, has hired Nigel Hyde to expand its interest rate and currency derivatives services. He replaces Anthony Robson, but Totem declined to say where Robson was moving to.
Deutsche hires head of IT for global markets derivatives
Deutsche Bank has hired Diane Brunsden from JP Morgan Chase spin-off Arcordia Solutions as global head of information technology for its global markets derivatives division.
BofA fills sales gaps with derivatives experts
Banc of America Securities, the investment banking arm of Bank of America (BofA), has hired a number of derivatives experts in London to fill gaps in its sales team. The hires are part of a bid to expand the bank’s European fixed income and derivatives…
Evolution creates chief executive role
Evolution, the London-based financial markets technology consultancy firm, has hired Peter Robin as its chief executive, a newly created role.
SSB ramps up credit structuring
Salomon Smith Barney's (SSB) credit derivatives group in New York has hired collateralised bond obligation (CBO) structurer Steve Segretta from CIBC World Markets. Doug Warren, co-head of SSB's credit derivatives unit, said he is looking to hire two to…
Measurisk chief executive moves to K2
K2 Advisors, the New York-based fund of hedge funds with $1 billion under management, has hired Kelsey Biggers as a managing director of risk management. Biggers was previously chief executive, vice-chairman and co-founder of Measurisk, a New York-based…
Nesbitt Burns raids Commerzbank for US start-up
BMO Nesbitt Burns, the Toronto-based investment banking subsidiary of Bank of Montreal, has expanded its equity derivatives operations into the US market by poaching six of Commerzbank’s equity derivatives team.