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Deutsche boosts US swaps sales effort
Deutsche Banc Alex. Brown, the US investment banking arm of Germany's Deutsche Bank, has lured Steve Beck from internet mortgage bond trading platform, Vertical Crossings, to become a senior salesman offering interest rate swaps and bonds in the US.
Turley named global FX head at Deutsche
Deutsche Bank's European FX head Jim Turley will take over as head of global FX from current incumbent Hal Herron, who is stepping down after four years at the helm for a three-month sabbatical in his native Australia.
Risk head Williams to lead Wachovia's corporate banking division
Doug Williams, a risk and capital markets veteran, has been made head of global corporate banking at US financial services group Wachovia. Based at the firm's Atlanta office, he will report to Steve Cummings and Barnes Hauptfuhrer, co-heads of Wachovia…
SunGard creates real-time credit risk analytics
SunGard Trading and Risk Solutions, a unit of US technology provider SunGard, has built a new credit tool that can offer traders access to virtually real-time risk exposures.
Homeside hurts NAB’s profits
National Australia Bank (NAB) has reported a fall in profits of 36% for the year, with the drop attributed primarily to hedging blunders at its US mortgage subsidiary Homeside in September.
McDaniel to head of Moody's investor services
International rating agency Moody's has made Raymond McDaniel president of Moody's investors service. He will manage Moody's global ratings and research businesses following a 14-year tenure with the firm.
Merrill restructures global debt markets
Dow Kim, Merrill Lynch’s new head of global debt markets, has named a series of new team leaders that will spearhead Merrill’s drive to integrate its cash, derivatives, origination, structuring and marketing of debt products.
SunGard appoints two new presidents
SunGard Trading and Risk Systems has appointed new presidents to lead two of its operating units. Paul Murphy becomes president of SunGard Collateral and Steve Husk joins as president of Credient/Infinity. Both Murphy and Husk will report to Jim Ashton,…
Basel moves on disclosure
The Basel Committee on Banking Supervision recently announced two significant revisions to its new capital adequacy framework (new Basel Capital Accord or Basel II), which are set to have positive and far-reaching implications for the global banking…
Basic shortcomings
The Basel regulators have missed their chances with their latest op risk paper, argues Jacques Pézier.
Insurers plan operational risk proposals for early November
LONDON - Leading insurance firms planned to have ready by early November their proposals for using operational risk insurance within the terms of the Basel II banking accord, insurance industry sources said as Operational Risk went to press.
Losses and lawsuits
LOSS DATABASE
Insurers plan operational risk proposals for early November
BASLE II UPDATE
Basic shortcomings
BASLE II UPDATE
ICE promotes Marcial to CTO
Atlanta-based online commodities exchange, IntercontinentalExchange (ICE), has promoted Edwin Marcial from vice-president, technology, to senior vice-president and chief technology officer. ICE says the appointment emphasises the importance of its…
Nomura adds to capital markets business
Nomura International has made a number of new hires to its capital markets business, in a move to leverage its position in the yen markets. Nomura also says the new hires should broaden the origination capabilities of its fixed-income business.
Deutsche names new head of Korean trading
Deutsche Bank has named In-Suk Jung as head of trading for the bank’s global markets unit in Korea. He will be responsible for local fixed-income products, including derivatives.
No gods or stars for this fund
Richard Clarke prepares for the launch of his first hedge fund from his recently formed company, Clarke and Bartlett Asset Management
Reading the signs
Cate Rocchi discusses the $60m Clarion Offshore Fund which has grown over 265% since launching in 1996
Gently does it for steady returns
Mike Rice, fund manager of the Clear Fund at R&B Investment, favours sustainable performance over short term gains