Risk magazine
Trade bodies draft structured product guidelines
Five major trade bodies have teamed up to offer a 10-step guide on the types of principles structured product providers and distributors should consider when offering these instruments to retail investors, including high net worth individuals.
BBVA poaches Isla from BarCap
BBVA has hired Lorenzo Isla from Barclays Capital as head of credit derivatives structuring. Isla will be based in Madrid. He joined from Barclays Capital in London, where he was head of structured credit strategy.
Scott Prince joins SkyBridge Capital
Scott Prince, Goldman Sachs’ former head of equity derivatives, has moved to New York-based firm SkyBridge Capital.
Fitch adds to European structured finance emerging markets
Fitch Ratings has appointed Jaime Sanz as a senior director to lead its London-based European structured finance emerging markets team.
JP Morgan designs emerging-market forex carry index
JP Morgan has created an index that seeks to exploit the carry trade in emerging-market currencies.
Twenty years of history recognised at Risk Awards
The Risk 20 Awards, presented in London last night, rewarded the pioneers of the derivatives industry, as well as the companies that dominate the industry today.
ICICI signs up to Markit for CDS price data
ICICI Bank, India’s second largest bank with assets of more than $79 billion, has signed up to Markit’s credit default swap (CDS) pricing service.
Imagine Software snares another Asia fund
Sandringham Capital, a Sydney-based long/short fund that uses derivatives, will use software provided by New York vendor Imagine Software for its portfolio and risk management requirements.
OTC energy derivatives regulations to tighten
US regulators could be one step closer to achieving their aim of closing the ‘Enron loophole’ that exempts electronic energy exchanges such as the Atlanta-based Intercontinental exchange (ICE) from regulatory oversight.
CME seals deal with CBOT
The Chicago Mercantile Exchange finally closed its merger with the Chicago Board of Trade yesterday, after a bidding war with the Atlanta-based Intercontinental Exchange.
Rohner crowned UBS chief amid boardroom disagreement
Marcel Rohner, a former chief risk officer, has been made group chief executive of UBS, after the bank’s board rejected the planned accession of Peter Wuffli to the post of chairman.
CME offers CBOT shareholders “best and final offer”
The Chicago Mercantile Exchange (CME) has upped its bid for cross-town competitor the Chicago Board of Trade (CBOT) for the third and “final” time, ahead of a shareholder vote on July 9.
Diamond derivatives draw concern after Antwerp talks
Worries have been raised in the diamond industry about plans aimed at creating a derivatives market in the gems, which were aired in Antwerp last week.
Barclays Wealth hires India head
Barclays Wealth, the private banking unit of Barclays Bank, has hired Satya Narayan Bansal as its first head of private banking in Mumbai.
Lloyds TSB makes institutional derivatives sales hires
Lloyds TSB has recruited Peter McGloughlin and Ian Shaw to its team selling derivatives to financial institutions.
Lloyds TSB appoints new leveraged syndications head
David Whiteley has been hired to manage Lloyds TSB’s newly formed leveraged loan syndication team.
United Capital moves to halt investor exodus
United Capital Asset Management, the Florida-based fund manager, has suspended redemptions from four of its funds in reaction to a spike in redemption requests.
US Futures Exchange to list wind derivatives
The Chicago-based US Futures Exchange (USFE) will list futures contracts on average wind speeds within the next three months.
Taiwan Futures Exchange names new chairman
Andy Yeh today became the new chairman of Taiwan Futures Exchange (Taifex), replacing Rong-I Wu, who is now chairman of Taiwan Stock Exchange Corporation.
Derivative Fitch appoints global CDO risk modelling head
Damiano Brigo has been hired by London and New York-based rating agency Derivative Fitch, as head of global collateralised debt obligation (CDO) risk modelling.
Imarex trades record $3.4 billion in second quarter
Second-quarter trading on Norwegian freight derivatives exchange Imarex reached a record $3.4 billion in notional values - up 32% on the first quarter of the year.
SGAM AI plans launch of S&P-linked sharia-compliant index funds
SGAM Alternative Investments (SGAM AI) plans to launch a series of sharia-compliant index funds linked to Standard & Poor’s (S&P) sharia indexes by the end of August.
Danske Bank team quits to launch derivatives boutique
Four senior derivatives specialists at Danske Bank have left to found an equity-focused derivatives boutique, Arctic Securities, in Oslo.
Bear shores up asset-management arm with new chief
Jeffrey Lane has taken over as head of Bear Stearns’ asset management division, in order to restore investor confidence in its hedge fund business.