People
Lightening the load
Sophie Radnor looks at the increasing range of services offered by administrators
Profits taken by the truly hedged
Jeff Benjamin looks at the repercussions of the recent terrorist attacks on the World Trade Center. He asks, how hard has the market been hit and how long is recovery likely to take?
CSFB closes precious metals business
Leading global investment bank Credit Suisse First Boston is to close its London, New York and Sydney precious metals market-making and structured derivatives, clearing and vaulting businesses.
BoA promotes Fall to head of EMEA
Bank of America has promoted William Fall, its head of global risk management, to president for Europe, Middle East and Africa (EMEA). He replaces Douglas Bowers, who has been based in London for the past eighteen months and is relocating back to the…
Venture capitalist replaces Sandor on Liffe board
The London International Futures and Options Exchange (Liffe) has appointed Chinh Chu, senior managing director of private equity at New York-based venture capital firm, The Blackstone Group, to its board. He replaces derivatives veteran, Richard Sandor,…
KWI appoints senior board members
KWI, the London-based supplier of trading and risk management systems for the energy market, has made two board-level appointments as part of an effort to grow its business.
S&P moves to rate hedge fund of funds
International rating agency Standard & Poor’s (S&P) has started to develop ratings criteria for securitisations of hedge fund of funds, due to growing interest in the past year from structured finance teams at investment banks.
New CEO for MTS Japan
Fabrizio Lavezzari had been named as the new chief executve of MTS Japan, the electronic platform for Japanese bonds. He replaces William Campbell, who a senior MTS official said had left to pursue other personal and business interests. The official said…
Reuters snares Trott for RTS
International financial information and trading technology provider Reuters has talked former Bank of England chief forex dealer Jim Trott out of retirement to join the firm as strategic and commercial manager for Reuters Treasury Services (RTS).
Risk expert Zakaria takes a top post at Merrill
Merrill Lynch has promoted its corporate head of risk management, Arshad Zakaria, to co-head its corporate and institutional client group (CICG). He will have executive responsibility for global investment banking, debt, equity and securities services…
Canada’s Royal Bank signs up to Algo Credit Evaluator
RBC Dominion Securities (RBC DS) has joined Bank One in conducting beta tests of Algorithmics' Algo Credit Evaluator (ACV), a credit evaluation tool developed by the Toronto-based risk analytics vendor.
OpenLink appoints Findur sales head
Financial and energy trading and risk management software solutions provider OpenLink International has appointed John Lister as sales manager for its Findur treasury system and suite of financial tools. Findur is a fully integrated front-through-back…
Freddie Mac names Sannini as corporate controller
Freddie Mac has made Edmond Sannini a senior vice-president and corporate controller with responsibility for the US mortgage securitisation corporation's accounting and control function.
Donation fuels Cambridge’s research ambitions
William Janeway, vice-chairman at Warburg Pincus, a leading New York private equity firm, has donated $10 million to the University of Cambridge’s Judge Institute business school. The money will fund research into the links between the risk management…
Blewitt exits creditex for BofA
Former creditex chief strategic officer Dik Blewitt has been hired by Bank of America in New York as a managing director in its structured credit products group. Blewitt will structure credit products using credit derivatives for pension funds and…
Preparing for the worst
Small and medium-sized banks in the US and Europe are bracing themselves for Basel II. Gallagher Polyn examines how these institutions plan to adapt to the new Accord.
Basel regulators cut op risk charge benchmark to 12%
BASEL - Global banking regulators formally acknowledged in late September some of the criticisms of their controversial proposal for an op risk capital charge. Their plan is to make large international banks set aside protective capital from 2005…