People
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
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…