Risk magazine
Barclays Global Investors makes Asian hires
Barclays Global Investors (BGI), one of the world’s largest asset managers with $1.8 trillion under management, has made three appointments for its Asian business.
Deutsche Bank appoints five bankers to prime finance business
Deutsche Bank Securities has appointed five senior bankers to its New York prime brokerage business.
Liffe to launch time pro-rata algorithm for STIR futures
Euronext’s derivatives business Liffe has developed a new trade matching algorithm for its short term interest rate (STIR) futures contracts, which will include a time element in the allocation process.
Jerzy Pawlowski joins Primus Guaranty
Jerzy Pawlowski has joined New York-based credit derivatives company Primus Guaranty's asset management arm as a portfolio and risk manager.
Morgan Stanley launches private equity target indexes
Morgan Stanley has launched an array of indexes that seek to generate returns from potential or realised private equity buyouts.
BIS confirms continuing importance of carry trade
Foreign exchange carry trades continue to be a main driver of global exchange rate movements, according to the Bank for International Settlements' 2007 annual report.
Brunei group poaches Deutsche Islamic subsidiary's team
Dar al Istithmar (DI), the London-based Islamic finance adviser majority-owned by Deutsche Bank, has lost its entire advisory team to the Brunei financial group BMB Capital.
Derivative Fitch launches beta CFXO model
Derivative Fitch has today released a beta version of its Vector CFXO model for collateralised foreign exchange obligations (CFXOs), aimed at increasing transparency in the market and the understanding of its ratings.
S&P launches Asia sharia index
Standard & Poor's today launched a sharia-compliant equity index covering nine Asian countries, and said that it planned more sharia indexes over the next 12 months.
BNP Paribas hires European securities lending head
BNP Paribas has appointed David Lonsdale to the newly created position of European head of securities lending, within its equities and derivatives business.
HKEx extends tech maintenance agreement with OMX for derivatives trading and clearing
Hong Kong Exchanges and Clearing (HKEx) has extended its partnership with exchange technology vendor OMX for the support and maintenance of its derivatives trading and clearing and settlement systems for another five years.
BarCap hires European fixed-income structuring head
Barclays Capital has hired Aurelia Lamorre-Cargill as head of European fixed-income structuring.
AXA launches active currency fund
After a year of preparation, AXA Investment Managers has entered the currency market with its first actively managed currency fund.
RBS hires to financial institutions securitisation
Royal Bank of Scotland (RBS) has hired Hubert Tissier de Mallerais as a managing director in its financial institutions securitisation team.
Credit Suisse makes fixed-income hires in Sydney
Credit Suisse has made three new hires to its fixed-income sales and coverage teams in Sydney for its Australian investment banking business, reflecting strong momentum in corporate sales and structured products, says the bank.
Deutsche Bank Securities appoints rates trading head
Tom Hartnett is joining Deutsche Bank Securities as head of core rates trading within the bank’s global rates business.
BarCap and Deutsche launch bespoke CPDO
Barclays Capital and Deutsche Asset Management have come to market with the first fully managed bespoke constant proportion debt obligation (CPDO).
S&P backs microfinance CDOs
Standard and Poor’s, which rated the first full capital structure collateralised debt obligation based on microfinance loans in May this year, has released a preliminary ratings framework for microfinance institutions (MFI).
BNP Paribas adds two in FX sales to hedge funds
BNP Paribas has hired Peter Snasdell and Peregrine Hood to its London-based hedge fund sales desk for foreign exchange.
HSBC creates Asia-Pacific structured credit product head
Matthew Cannon, HSBC’s London-based head of structured credit marketing for Europe, the Middle East and Africa, has been appointed to a newly created role.
Rabobank closing carry trade CPDO
Rabobank is planning to close a structured foreign exchange product next week that invests in the carry trade while using the leverage mechanism of a constant proportion debt obligation (CPDO).
Hedge fund working group to review best practice
A working group of 13 primarily UK-based hedge funds is to review best practice in the industry and examine the possibility of industry-wide standards.
CBOE launches PutWrite index
The Chicago Board Options Exchange (CBOE) has launched the CBOE S&P 500 PutWrite Index, a new benchmark index based on selling S&P 500 Index (SPX) put options in order to buy short-term US Treasury bills.
Goldie-Morrison named chief executive of Calyon Americas
Calyon has appointed Duncan Goldie-Morrison as chief executive of Calyon Americas.