Risk magazine
Société Générale expands DCM team
Two senior staff have joined Société Générale's debt capital markets (DCM) team in Europe.
RBS to take Cheyne SIV
Royal Bank of Scotland has won exclusive rights to restructure Cheyne Finance - a structured investment vehicle (SIV) managed by Cheyne Capital Management, the London-based hedge fund and collateralised debt obligation (CDO) manager.
OCC recruits head of quantitative risk
The Chicago-based Options Clearing Corporation (OCC) has recruited Simon Babbs as head of quantitative risk management.
Northern Rock chairman resigns
Matt Ridley, chairman of the troubled UK mortgage lender Northern Rock, has resigned.
Isda opens Hong Kong office
The International Swaps and Derivatives Association is opening a regional office in Hong Kong as part of an expansion of its activities in Asia.
SG appoints new hedge fund head
David Escoffier has replaced Dan Fields as head of Société Générale's hedge fund group.
IKB concealed subprime risk from board, auditor says
Management at troubled German bank IKB did not disclose the bank's €1.6 billion exposure to US subprime loans to the IKB board, says a special report by PricewaterhouseCoopers.
Lloyds TSB appoints head of FX derivatives trading
Lloyds TSB has appointed Anders Henrikson as head of foreign exchange derivatives trading in London.
Dresdner derivatives head steps down
Marc Michallet, the London-based head of the financial solutions group for Europe at Dresdner Kleinwort, has left the bank.
Credit crisis hits Citigroup harder than expected
US banking giant Citigroup has suffered worse losses from the recent credit crisis than predicted. Chief executive Charles Prince admitted the poor performance was "frankly surprising".
Deutsche Bank appoints European co-heads for securitised products group
Deutsche Bank has appointed Marzio Keiling and Mark Graham as co-heads of its European securitised products group. Keiling and Graham will be based in London and report to Erik Falk and Frank Byrne, co-heads of the global securitised products group.
Dresdner Kleinwort strengthens equity and credit derivatives teams
Dresdner Kleinwort, the investment arm of Dresdner Bank, has added new London-based staff to its equity and credit derivatives business.
Standard Chartered Bank appoints new global head of interest rate derivatives
Standard Chartered Bank has hired Nitin Gulabani as global head of interest rate derivatives for its wholesale banking business. Gulabani will be based in Singapore and report to Michael Bass, global head of rates and foreign exchange.
RBS expands Middle Eastern structured investor products business
RBS has appointed Nabil Kobeissi and Zineb Ayouch to its Middle Eastern structured investor products (SIP) business in London.
BNP Paribas appoints new head of ABS correlation trading
BNP Paribas has appointed Peter Nowell as head of asset-backed security (ABS) correlation trading within fixed income, as of October 17.
Banks buy into TradeWeb as shift to electronic broking continues
Nine major banks have invested a total of $180 million in Thomson TradeWeb, as part of a deal that will see the Connecticut-based online fixed-income and derivatives marketplace expand into new areas.
ABN Amro chairman Groenink to quit bank
Rijkman Groenink, chairman of the managing board of ABN Amro, has announced he will step down, after 33 years of employment at the bank.
CPDO ratings scorned at credit risk summit
Rating agencies have come under attack once again for assigning ratings to constant proportion debt obligations (CPDOs), during a panel discussion at Risk’s 2007 Credit Risk Summit Europe in London.
Rabobank enters Asian fund derivatives market
Rabobank has launched a four-strong Asian fund derivatives team in Hong Kong, aimed at providing Asian investors with structured fund products that are insulated against some of the risk of a sudden downturn.
Barclays partners with Chinese bank on commodities
UK bank Barclays and China Development Bank (CDB) have formed a commodities alliance with an initial focus on energy, metals and emissions. It will combine CDB’s market presence in China with Barclays' global commodities, risk management and banking know…
BNP hires equity flow and finance traders
BNP Paribas has added six people to its London equity and derivatives division.
Bear Stearns adds two to structured equity team
Shilpa Amin and Olivier Mathys have joined Bear Stearns's London-based European structured equity products team.
Rabobank loses head of market risk to ING
Rabobank’s global head of market risk, Mark van Balen, is joining Dutch rival bank ING.
BNP Paribas strengthens European fixed-income team
BNP Paribas has made three new appointments within the fixed-income team of its debt capital markets financial institutions group (DCM FIG).