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SG equity derivatives team unaffected by Asia restructuring
SG Securities Asia’s (SGSA), the Asian equities arm of French bank Société Générale, said plans to realign its operations in Asia – ex-Japan and Australia – will not affect its equity derivatives team, according to a spokesperson in Hong Kong. The bank…
Job moves
QUOTE OF THE MONTH: - “I can’t get rid of the stupid thing” Lev Borodovsky, co-founder of Garp, describing difficulties negotiating a transfer of ownership Source: RiskNews, January 16
Lighting the fuse
China
ABN and Rabobank unveil new hires
Rabobank International, the international arm of Dutch co-operative bank Rabobank, has made Rutger Schellens head of financial markets activities, including capital markets, treasury and investment books businesses.
Rallying cry for Italy
Italian banks are racing to catch up with their largest US and European competitors in risk modelling. Inspired by Mauro Maccarinelli, IntesaBci is leading the pack.
BofA names Mixon as European head of global markets
Bank of America (BofA) has made Arrington Mixon the new European head of its global markets group. She will take responsibility for both investing and issuer clients in Europe, offering a full range of products and services, including forex, interest…
JPMC promotes Winters and Wilson
JP Morgan Chase has promoted Bill Winters and Don Wilson, co-heads of the firm's credit and rate markets business - including credit and rate derivatives - to its 15-strong executive committee.
Merrill loses London head of FX trading
Harry Culham has left Merrill Lynch in London, where he was head of FX trading for Europe, the Middle East and Africa.
DrKW steps up equity derivatives effort in Asia
Dresdner Kleinwort Wasserstein (DrKW), the investment banking arm of Germany’s Dresdner Bank and part of the Allianz group, has made its first major hire following a major restructuring of its Asian operations last year. The bank named James Hong, an…
Lehman snaps up CSFB barrier options team
US investment bank Lehman Brothers has lured a 15-person equity barrier options team from rival Credit Suisse First Boston (CSFB) as part of its bid to boost its equity derivatives operations.
Algorithmics promotes Zerbs to COO
Canadian risk software and systems provider Algorithmics has promoted Michael Zerbs, formerly vice-president of research and product marketing, to chief operating officer - a newly created position.
Market upbeat as WeatherRisk 2002 opens
The WeatherRisk 2002 conference in New York opened today in upbeat mood, with speakers predicting strong future growth in the market despite the pull out of two leading weather derivatives trading firms, Enron and BNP Paribas.
Barclays Capital to boost derivatives effort in Mexico
Barclays Capital, the investment banking unit of the UK's Barclays, has hired Lorenzo Gonzalez Bosco from Bank of America to increase its derivatives origination, syndicated credits and bonds issuance in Mexico.
Iskander to head OTC structuring at Deutsche
Deutsche Bank has hired Michel Iskander to head its over-the-counter derivatives structuring business. He will manage a team of about 10 people in the newly created position. He will report to Toshio Okumura, head of the structured products group, and be…
ICE names Spencer as CFO
Atlanta-based commodities exchange, the IntercontinentalExchange (ICE), has made Richard Spencer its chief financial officer, a newly created role. ICE has also created an office of the chairman to manage the exchange’s rapid growth. The office of the…
Goldman steps up hedge fund effort with two hires
Goldman Sachs has added two new portfolio managers and transferred another pair to its hedge fund strategies group - a unit the investment bank claimed has seen significant asset growth in recent months.
Outram joins Kamakura in Asia Pacific
Honolulu-based risk management software firm, Kamakura, has made Jaqueline Outram managing director for client relationships and operations in Australia and the Asia Pacific region. She will also sit on the company's managing committee.
Meyer to step down from Fed
Lawrence Meyer, a US Federal Reserve Board governor, yesterday said he would resign from the board when his term ends on January 31. His departure will leave a second vacancy on the seven-member Fed board, after the retirement of former governor Edward…
Managing with a canny approach
Mike Thomas has enjoyed success with Martin Currie's hedge fund by capitalising on inefficiencies in the Japanese market
2002: the catch-up year for smaller players
Prime brokerage is famously dominated by a few leading participants who control the market. Sophie Radnor talks to the prime brokers who are hoping to win some market share in 2002.