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Overmars to head ABN financial markets
Piero Overmars has stepped up from his role as ABN Amro’s head of global financial markets in Japan, to become the Dutch bank’s global head of global financial markets, based in Amsterdam. He replaces Nils Lorenzen, who has resigned for personal reasons…
Citibank appoints head of structuring for Asia-Pacific
Citibank has named Rodrigo Zorrilla as head of structuring and corporate sales for Asia-Pacific, reporting to Paco Ybarra, head of financial markets for Citibank Asia-Pacific. He will be responsible for the development and structuring of Citibank's Asian…
New multi-bank op risk data pooling venture
Over a dozen large global banks plan to form a new not-for-profit venture to pool operational risk data this spring. The Operational Risk Data Exchange (ORX) will be incorporated in Switzerland – selected for its data privacy and confidentiality laws –…
Hawke highlights "thorny issues" of Basel II
John Hawke, the US Comptroller of the Currency, this week said that “there are a number of thorny issues that remain to be worked out” in the Basel II bank capital adequacy Accord. Speaking at a conference held by the Institute of International Bankers…
Deutsche Banc Alex. Brown hires investment-grade bond traders
Deutsche Banc Alex. Brown, the US investment banking arm of Deutsche Bank, has added to its integrated credit trading group by hiring Michael Wheeler and Alex Marx as senior investment-grade bond traders.
Barclays hires two for Latin America credit trading
Barclays Capital, the investment banking division of Barclays Bank, has hired Michael McGowan and Ronaldo Lyrio as directors of credit trading for Latin America, as part of the bank’s effort to grow its presence in the region.
BNP Paribas appoints new head of credit
BNP Paribas has appointed Brian Lazell as head of credit markets for the Asia-Pacific region, excluding Japan. The post is based in Hong Kong, and Lazell will report to David Ovendon, global head of credit.
IRC increases drive for hedge fund disclosure
The Investor Risk Committee (IRC), part of the International Association of Financial Engineers (IAFE), has added three members to its steering group, in a move to increase its work on encouraging hedge fund disclosure and transparency.
BofA names global head of forex trading
Bank of America (BofA) has hired Larry Baum to manage its global spot, forwards and proprietary foreign exchange trading business. The post has been vacant since December, when Richard Breslow, former global head of forex trading, left after more than…
DrKW hires global equities director in Tokyo
Dresdner Kleinwort Wasserstein (DrKW) has hired Hiroyuki Uno as director and senior marketer of global equities in Tokyo. He will head a team of derivatives marketers that will primarily focus on marketing equity derivatives products to financial…
Two new board members for CBOE
Craig Messinger, executive vice president of Boston-based Fidelity Capital Markets, and Thomas Patrick, a managing director at Merrill Lynch, have been appointed to the board of directors of the Chicago Board Options Exchange (CBOE). They replace two…
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Opening up Germany’s gas market
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Two hubs or one?
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Clearing the way?
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Changes afoot at rating agencies
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Robeco’s synthetic age
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Credit derivatives platforms turn to structured products
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Regulator hits back at Basel II critics
Much of the complexity for which the Basel II bank capital accord is criticised is the inevitable result of three highly desirable features of the pact - namely, risk sensitivity, wide applicability and the shifting of the task of risk measurement to…
Insurance companies - On the road to Basel III
UK regulators want to harmonise regulation of the financial services sector - and they have insurance companies in their sights.