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Editor's blog
Pacini promoted, Tranter departs as BNP merges sales roles
BNP Paribas Corporate & Investment Banking in London has merged sales roles in its equity derivatives operation under the leadership of Jean-Eric Pacini. Pacini's expanded sales role includes responsibility for flow sales, a business previously headed up…
New chairman and derivatives head for NYSE Liffe
Hugh Freedberg will succeed André Villeneuve as chairman of London-based derivatives exchange NYSE Liffe.
CME appoints Boberski to develop OTC offering
David Boberski was today named managing director of over-the-counter research and new product development at the Chicago Mercantile Exchange (CME) Group.
Tranter leaves BNP
Nick Tranter, BNP Paribas' London-based European head of equity derivatives flow sales, left the bank this week. His responsibilities will be taken on by Jean-Eric Pacini, formerly head of structured product sales for the bank in London.
Speculation over regulation mounts as Madoff lawsuits rack up
European investment funds are preparing to face tighter regulation in the wake of the Madoff scandal.
Obama calls for economy-wide carbon cap
President Barack Obama has indicated that the administration will work with Congress on cap-and-trade legislation in an effort to increase US energy independence.
UBS replaces CEO
UBS named Oswald Grübel as its new group chief executive today after Marcel Rohner left the bank.
Madoff feeders' due diligence attacked as lawsuits mount
Investors that lost billions of dollars to Bernard Madoff have filed several class-action lawsuits claiming massive due diligence failures by fund managers who placed money into the alleged $50 billion Ponzi scheme, even though scant detail has emerged…
RBS signs up to UK's asset-protection scheme
Royal Bank of Scotland (RBS), which today announced 2008 losses of £24.1 billion, has become the first bank to sign up to the UK government's asset-protection scheme, which will offer insurance against future losses in return for a promise to increase…
RWE restructures
RWE has announced plans to restructure its supply and distribution business in Germany and reorganise its ultra-high voltage grid as part of a €6.5 billion investment scheme.
Bernanke: Public-private partnership required to value toxic assets
The involvement of both the public and private sectors is essential to accurately value illiquid assets before public funds are used to remove them from dealer balance sheets, Federal Reserve chairman Ben Bernanke claimed yesterday.
New SEC chair seeks to clean house
Daily news headlines
Renaissance Re replaces CRO
Bermuda-based reinsurer Renaissance Re has promoted Ian Branagan, its previous head of risk modelling, to chief risk officer.
More MCAs needed to meet equity derivatives targets
Participants in the equity derivatives market say a significant amount of work remains to be done on standardising documentation before it can meet regulators' electronic processing targets for over-the-counter trades.
Standard Chartered boosts currency team
Standard Chartered Bank has appointed Felipe De Freitas as head trader in charge of Latin American foreign exchange options.
WTC bomb prosecutor to lead SEC enforcement
The US Securities and Exchange Commission (SEC) has named Robert Khuzami, the former federal prosecutor who brought the case against the 1993 World Trade Center bombers, as its new director of enforcement.
UBS credit derivatives head departs
The head of credit derivatives for UBS, Keith Grimaldi, has left the bank.
Isda adds buy-side members to board for first time
The International Swaps and Derivatives Association has elected three buy-side members to its board for the first time in the organisation's history.
Senior bankers swap seats at BNP
Jacques d'Estais, BNP Paribas' head of corporate and investment banking, has exchanged jobs with the head of asset management and services, Alain Papiasse.
FSA names chief operating officer
Mark Norris has joined the UK Financial Services Authority as chief operating officer.
SGCIB reshuffles management team to integrate divisions
Société Générale Corporate and Investment Banking (SGCIB) has reorganised its management structure as part of a move to integrate its capital markets activities.
Steinberg leaves BNP Paribas
Todd Steinberg, New York-based head of equity and commodity derivatives for the Americas at BNP Paribas, has resigned from the bank.