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UniCredit appoints chief risk officer
Italian banking group UniCredit has named Karl Guha as chief risk officer.
JP Morgan wins Risk's derivatives house of the year award
JP Morgan has won Risk magazine's derivatives house of the year award for the second successive year. In a 12-month period that saw the collapse of Bear Stearns and Lehman Brothers, unprecedented volatility in the market and capital injections into…
S&P creates ombudsman role
In an effort to "strengthen its ratings process, increase transparency and better serve capital markets", rating agency Standard & Poor's has appointed Ray Groves to the newly created position of ombudsman, effective February 16.
Merrill loses investment banking head
Merrill Lynch's former head of investment banking, Gregory Fleming, has left the bank, less than two weeks after its acquisition by Bank of America was completed.
Weinstein leaves Deutsche Bank
Deutsche Bank's New York-based co-head of global credit trading, Boaz Weinstein, will leave the bank in the second quarter to set up a hedge fund.
Daiwa announces new structured products head
Japanese investment bank Daiwa SMBC has announced the appointment of Martial Rouyère to the new position of head of retail structured products, based in London.
Regulatory ‘changes needed’ for distribution of structured products says Hong Kong SFC
The Hong Kong Securities and Futures Commission (SFC), in its report on issues raised by Lehman Brothers Minibonds to the Financial Secretary, has recommended a number of changes to regulation governing the selling and marketing of structured products in…
Obama plans alternative energy boost
US President-elect Barack Obama has pledged to double alternative energy production over the next three years and construct a new smart grid as part of an economic stimulus plan.
Chief risk officer at Anglo Irish Bank resigns
William McAteer, the chief risk officer and finance director at Anglo Irish Bank, became the latest senior figure to tender his resignation at the troubled Dublin-based firm on Wednesday (January 7).
New board for European Primary Dealers Association
Stanislas de Caumont of Credit Suisse and Gunter Fluyt of ING will co-chair the new executive board of the European Primary Dealers Association (EPDA).
Capgemini and BWise collaborate on GRC strategy
Daily news headlines
Kroeker steps up to succeed Hewitt at SEC
The US Securities and Exchange Commission has named James Kroeker to succeed Conrad Hewitt as acting chief accountant.
Deutsche hires Japan prime-broking head
Masakazu Yanagisawa has joined Deutsche Securities in Tokyo as head of global prime finance sales for Japan, a post that had been vacant for some time. He was previously head of prime brokerage and capital introductions for Japan at Merrill Lynch.
Congress questions SEC competence as Madoff investigation begins
US Congressmen have voiced scepticism about the Securities and Exchange Commission's (SEC) plans to investigate internal failings over the Bernard Madoff fraud case and explore whether numerous opportunities to identify the $50 billion swindle were…
Knüpling promoted to deputy CRO at Scor
Frieder Knüpling has been promoted to deputy chief risk officer (CRO) of Paris-based reinsurer Scor.
Freddie Mac names chief credit officer
Freddie Mac has appointed Raymond Romano as chief credit officer, the company revealed in a statement on December 29.
StanChart names country heads of commodity trading
Standard Chartered has appointed country heads for its commodity trading and agribusiness (CTA) division in China, Indonesia and the United Arab Emirates (UAE).
The matchmakers
Evolution Securities, a London investment bank previously associated with the equities market and its advisory work with small- and mid-cap clients, has branched into fixed income with the recruitment of two credit market stalwarts, Guy Cornelius and…
The City's boy in blue
For all the recent talk amongst banking chiefs and lawmakers of a return to a more 'vanilla' world of high finance, the sophistication of modern markets provides a fertile ground for fraudsters and insider dealers to operate without detection. To combat…
Is it too late to revive the securitisation market?
First we were told it was undergoing a temporary hiatus, then it was stalled, now they're saying it's broken altogether. William Rhode takes a look at the global securitisation market to see what, if anything, can be done to restore its fortunes
Calls grow for scrapping of Basel II accord
Industry figures argue that the capital adequacy regime is not relevant in today's economic climate, and that regulators have already abandoned certain aspects of the accord on the quiet
Nick Themelis
The CIO at e-trading platform MarketAxess tells Matthew Attwood how the company's technology helps clients achieve regulatory compliance
In thrall to the exchequer
Banks have accepted the bailout cash, but will this Faustian pact come back to haunt them?