Risk magazine
Lehman poaches Morgan Stanley CDO co-head
Dorothee Fuhrmann is joining Lehman Brothers in May as head of European collateralised debt obligation (CDO) and structured credit syndication.
Risk Talent: 74% of risk personnel are considering job change
A 74% majority of 500 risk-management professionals surveyed by New York-based recruitment agency Risk Talent Associates say they are considering changing jobs in the next two years.
Deutsche appoints head of index strategy group
Deutsche Bank has appointed John Butler as managing director and head of the index strategy group within global rates, effective immediately. He will report to Bhupinder Singh, head of structured rates products, Europe and Asia and be based in London.
US traders win tax break on Ice Futures
Ice Futures, the UK-regulated subsidiary of Atlanta-based IntercontinentalExchange (Ice), is to be allowed the same tax treatment afforded to contracts traded on US futures exchanges from April 1.
Man Group to sell off brokerage business
London-based hedge fund and broker Man Group plans to sell its brokerage arm, Man Financial, later this year.
ABN appoints head of global commodity finance
Bart Timmermans has succeeded Anushavan Simonyan as head of global commodity finance at ABN Amro, effective May 1, 2007.
ABN Amro launches climate change index
Dutch bank ABN Amro has released a Climate Change and Environment index, intended to give investors exposure to companies that will benefit from working to avoid global warming.
Credit Suisse forms new equity products group
Credit Suisse has formed a London-based equity derivatives product management group with Stephane Diederich appointed as head, effective from this week. Diederich will report to Simon Yates, head of global equity derivatives and co-head of European…
Deutsche hires CEEMEA securitisation head
Deutsche Bank has appointed Tim Nicolle as a managing director for Central and Eastern Europe, Middle East and Africa (CEEMEA) securitisation. He will join the bank in the second quarter and will report jointly to Jeff Stolz, head of the European…
Winterthur chief leaves Credit Suisse after one month
Leonhard Fischer, Credit Suisse’s chief executive of Europe, the Middle East and Africa (EMEA), has left the bank after formally joining it for one month.
Citi and Fortis launch managed equity programme
Citi has launched a managed equity programme in partnership with Fortis Investments, the Brussels-based investment manager. Called Botticelli, the programme comprises a variety of equity tranche-linked notes, each offering different risk-return…
Lehman and Pioneer complete managed CPDO
Lehman Brothers, with Dublin-based asset manager Pioneer Investments, has closed its first managed constant proportion debt obligation (CPDO), called Ulisse Capital.
Permal launches India fund
Permal Group, one of the largest fund-of-hedge-funds organisations in the world, has launched Permal India Holdings, a multi-manager, multi-strategy India-focused fund.
Deutsche Bank unveils currency index
Deutsche Bank has launched a new currency index that it hopes will allow passive investors to profit from trends in the foreign exchange markets.
NYSE launches bond trading platform
The New York Stock Exchange will launch its next generation fixed-income trading platform, NYSE Bonds, on April 23.
IBF names new chairman
David Bell has succeeded Ian Mullen as chairman of the International Banking Federation (IBF).
Man promotes in Hong Kong and Switzerland
Man Investments, the London-based asset management arm of Man Group, has promoted Tim Rainsford to managing director for Asia-Pacific, in Hong Kong. He replaces Matt Dillon, who takes on a newly created role as head of global relationship services, based…
Aon forms risk consulting group
Insurance group Aon has formed Aon Global Risk Consulting, a Chicago-based risk consulting, captive management and risk engineering group, which will be part of Aon Global.
Moody's: halo for new EU entrants set to fade
European Union (EU) member countries with low credit ratings, such as Romania and Bulgaria, will continue to benefit disproportionately from the EU halo effect, according to a report by Moody’s Investors Service.
Institutions still fall short on risk management
As financial institutions raise their focus on risk management, most still consider their assessments of risk to be insufficient, according to Deloitte’s global risk management survey.
Fimat launches FX desk in Sydney
Fimat, a brokerage and part of the Société Générale group, has moved its Asia foreign-exchange execution team from Chicago to Sydney.
FXMarketSpace opens for business
FX MarketSpace, an international foreign exchange trading platform run by Reuters and the Chicago Mercantile Exchange (CME), started operations today.
European defaults growing, according to Moody’s
The rate of defaults among speculative-grade European corporate bond and loan issuers more than doubled in 2006 and will increase further in 2007, according to New York-based Moody’s Investors Service.
DIB launches first sukuk
Dubai Islamic Bank (DIB) has launched its first Islamic sukuk bond.