Risk magazine
F&C hires for quant equity strategy desk
London-based F&C Investments has hired Erik Rubingh to recruit a quantitative equity investment strategies team.
Hong Kong Exchange lists six Lyxor ETFs
Hong Kong Exchanges and Clearing (HKEx) is listing six new exchange-traded funds (ETFs), including its first global and regional equity ETFs and the first ETFs on US equities and commodities.
Credit Suisse issues first long/short CCO notes as Fitch launches CCO rating criteria
Credit Suisse has completed a $190 million issuance of the world’s first long-short collateralised commodity obligation (CCO) notes. The issue followed the April 17 publication of Derivative Fitch’s rating criteria for CCOs.
Mason joins Carlyle's Asian leveraged finance group
Eric Mason has joined the Carlyle Group as a managing director in the leveraged finance group.
Derivative Fitch criticises first-generation CPDOs
First-generation constant proportion debt obligations (CPDO) do not deserve AA or AAA ratings, according to a report released yesterday by specialist rating agency Derivative Fitch.
Dresdner hires in Japan
Dresdner Kleinwort has appointed Joseph Kraft as head of capital markets for Japan, succeeding Jean-François Minier, chief executive of Asia-Pacific, who has been acting head since July 2006.
No serious risk to synthetic CDOs from mortgage crisis
US synthetic CDOs will suffer only slight damage from the continuing crisis in US subprime mortgages, according to a report from rating agency Fitch Ratings.
Nymex to launch first uranium futures contract
The New York Mercantile Exchange (Nymex) will begin trading the first uranium futures contract on May 7.
Citi acquires Old Lane and new head of alternative investments
Citi has bought US hedge fund Old Lane Partners and appointed one of its founders, Vikram Pandit, as chief executive of Citigroup Alternative Investments (CAI). Pandit’s co-founder John Havens will also join CAI as president.
ISE foreign exchange options go live
Four foreign exchange options contracts began trading on the New York-based International Securities Exchange (ISE) this morning.
Domestic banks continue to dominate Spanish market
The Spanish derivatives market remains dominated by local banks, with Banco Bilbao Vizcaya Argentaria (BBVA) topping Risk España's annual rankings for the third year running.
CFTC chairman to leave for State Department
Reuben Jeffery, the chairman of the US Commodity Futures Trading Commission (CFTC), is expected to leave the futures regulator, after being nominated by US President George Bush as undersecretary of state for economic, energy and agricultural affairs…
Nordea leads the field in Nordic rankings
Swedish banking group Nordea has topped Risk's 2007 rankings for the Nordic region, narrowly beating Denmark's Danske Bank in the interest rate derivatives category.
Icap launches e-trading of securities and extends FX forwards
Interdealer broker Icap today went live with i-Sec, an electronic platform for securities lending launched with four participating banks.
Renaissance Capital continues derivatives expansion
Moscow-based investment bank Renaissance Capital has hired seven senior staff for its rapidly expanding derivatives, debt and fixed-income teams.
Axa CDO managers resign
Two of Axa Investment Management's top investment-grade collateralised debt obligation (CDO) managers have resigned.
Citi's risk management goup to be trimmed
Some risk management roles will be lost as part of Citi’s streamlining announced this week.
Bertrand des Pallieres leaves Deutsche Bank
Bertrand des Pallieres, Deutsche Bank's co-head of structured credit, has left the bank.
S&P and Icap to collaborate on end-of-day valuations
Data provider Standard & Poor’s (S&P) Securities Evaluations has started including interdealer broker Icap’s end-of-day mark-to-market data to help clients value multi-asset class derivatives instruments.
Deutsche Bank wins corporate derivatives rankings
Deutsche Bank has won this year’s Risk corporate end-user rankings, achieving the most votes overall among participating corporate clients globally. Citi and Barclays Capital came second and third, at a time of record merger and acquisition (M&A)…
Deutsche Bank hires vice-chairman of equity capital markets
Deutsche Bank Securities, the US investment banking and securities arm of Deutsche Bank, has appointed Jeff Rosichan vice-chairman of equity capital markets, effective from late June.
Towergroup: spending on OTC derivatives technology will reach $1.3 billion in 2011
Firms are spending more on technology to meet growth in the over-the-counter derivatives market. At the same time, there is pressure on technology firms to produce trading platforms to meet the increasing needs of broker-dealers, according to research by…
Moody’s downgrades banks after methodology U-turn
New York-based Moody’s Investors Services has downgraded the debt and deposit ratings of 44 banks after revising its new joint default analysis (JDA) methodology.
Deutsche Bank wins corporate derivatives rankings
Deutsche Bank has won this year’s Risk corporate end-user rankings, achieving the most votes overall among participating corporate clients globally. Citi and Barclays Capital came second and third, at a time of record merger and acquisition (M&A)…