Risk magazine
BNP Paribas further expands commodity derivatives team
BNP Paribas has made nine new appointments to its commodity derivatives team in London and New York. These hires follow that of Jose Cogolludo, global head of sales and marketing, commodity derivatives, who joined from JP Morgan last week.
Merrill Lynch launches temperature-linked certificate
Merrill Lynch has launched the first temperature-linked certificate for the Italian retail market.
SSGA expands London team
State Street Global Advisors (SSGA), the investment management arm of State Street Corporation, has made several appointments to its London portfolio management teams, reflecting the expansion of the company’s UK business.
Euronext to launch volatility indexes
Euronext will launch its first three volatility indexes on September 3: the AEX Volatility Index, the BEL20 Volatility Index and the CAC40 Volatility Index.
Moody's looks to SIVs for stability
In a report released today, Moody's has described structured investment vehicles (SIV) as inherently stable in the face of spreading unrest in the US subprime mortgage market.
Barings: Subprime not to blame for increased LBO risk
Spread widening in corporate credit and leveraged debt has been wrongly attributed to the fallout from the US subprime mortgage market, according to Baring Asset Management.
Handjinicolaou to head Isda in EMEA
George Handjinicolaou has joined the International Swaps and Derivatives Association (Isda) as deputy chief executive responsible for Europe, the Middle East and Africa.
BNP Paribas launches global synthetic prime business
BNP Paribas has launched its global synthetic prime sales and trading group within its equities and derivatives business.
RBS recruits Schroders Hong Kong structured products team
Stanley Ng has joined Royal Bank of Scotland as head of structured investor product development and marketing in Hong Kong.
Fedak resigns from Bear
After 14 years at Bear Stearns, Michael Fedak, global head of interest rate derivatives and municipal derivatives, has left the firm in order to take some time off from the business and spend more time with his family, according to a person familiar with…
Lehman Brothers appoints global head of risk solutions
Jason Tilroe, head of the Europe-wide risk solutions group at Lehman Brothers, has been promoted to the newly created post of global head of risk solutions.
Axa adds two fixed-income managers
Axa Investment Managers has recruited two fixed-income portfolio managers for its UK team.
BNP names head of Gulf debt capital markets
BNP Paribas has named Mark Waters as head of debt capital markets for the Gulf region, a newly created post.
Moody's fighting talk on structured CMBS
Moody's Ratings has released a report detailing reaction to its changes in subordination levels required for US commercial mortgage-backed securities (CMBS).
Bear Stearns funds have "lost almost all value"
Bear Stearns has told investors that two of its hedge funds have lost almost all their value after taking massive losses on the US subprime mortgage market.
BNP Paribas takes Credit Suisse equity derivatives team
BNP Paribas has poached a three-strong equity derivatives sales team from Credit Suisse in Frankfurt.
SG adds to its European CDO team
Société Générale has recruited Peter Melichar as vice-president in charge of collateralised debt obligation origination and structuring, based in London.
Fitch: credit derivatives growth continues
Trading in credit derivatives increased 113% in 2006 to $49.9 trillion worldwide, according to a report released by Fitch Ratings, which warned that the market was still vulnerable to a sudden downturn.
Dresdner puts focus on public sector
Dresdner Kleinwort has named a new head of global public-sector activities, as part of a push into financing, derivatives and capital market work in the sector.
New European single-name LCDS expected soon
The International Swaps and Derivatives Association expects to publish a new single-name European loan credit default swap (LCDS) contract by the end of July.
Sebton leaves Isda for JP Morgan
Emmanuelle Sebton, the International Swaps and Derivatives Association’s head of risk management, has left to join JP Morgan.
BGC names Sutton as head of US rate swaps
US interdealer broker BGC has promoted Rob Sutton, formerly head of trading at the broker's Sydney office, to global head of US dollar interest rate swaps, a newly created role.
FSA names new chief executive
The UK Financial Services Authority has named Hector Sants as its chief executive, replacing John Tiner, who left the regulator last week.
Lehman adds to EM team
Lehman Brothers has added three new managing directors to its emerging-market teams in London.