Risk magazine
BarCap names EM equity head
Barclays Capital has named Nicholas Moreira as head of emerging markets equity derivatives trading.
Barclays Wealth hires new head of FX
Barclays Wealth, the wealth management arm of Barclays, has appointed Mireia Sitjas-Montaner in the new position of head of foreign exchange for the investment and product office.
Merrill Lynch launches volatility arbitrage index
Merrill Lynch has launched an equity volatility arbitrage index which seeks to cheaply replicate a popular hedge fund strategy.
Eurex unveils Russian equity derivatives
The European exchange Eurex is preparing to launch index and single-stock derivatives based on Russian underlyings.
Isda welcomes outcome of SG appeal
The International Swaps and Derivatives Association has publicly welcomed a decision by the US Second Circuit Court of Appeals, overturning a ruling that forced Société Générale to pay out on a contentious credit default swap (CDS) contract.
Beijing to host first carbon credits exchange in developing world
China and the United Nations (UN) are planning to launch the first carbon-trading exchange in the developing world in Beijing.
SG marketing CPDO
Société Générale Corporate and Investment Banking (SG CIB) is marketing its first constant proportion debt obligation (CPDO). The deal, called Stelaris, will feature a short bucket.
SunGard hires COO for Kiodex
US financial software vendor SunGard has appointed Ben Jackson as chief operating officer for Kiodex, its web-based risk management tool for commodities traders.
Citigroup reshuffles fixed-income group
Citigroup has reshuffled senior management in its fixed-income group, moving many outside the US in a recognition that future growth will depend on foreign markets.
Davies resigns from Bear
Mark Davies has resigned from his position as New York-based head of global credit trading at Bear Stearns.
Cameron ousted in ABN Amro reshuffle
Niall Cameron, previously head of traded markets at ABN Amro in London, has left his post as part of a reshuffle by the head of global markets, Gary Page.
S&P: CLOs will lead European CDO growth in 2007
The European surge in cashflow collateralised loan obligations (CLO) will continue into 2007, according to a report by Standard and Poor’s (S&P).
UBS launches OTC agricultural derivatives
UBS has created a new agriculturals team and hired two traders and two marketers for its first foray into over the counter (OTC) agricultural derivatives.
S&P buys Goldman's commodity index
Standard & Poor's has acquired the Goldman Sachs Commodity Index (GSCI) as well as two equity indexes. The GSCI is widely considered to be the benchmark for commodity indexes and serves as the underlying for many structured products. It will be renamed…
Synthetic indexes on ARMs created
CDS IndexCo, a consortium of 16 dealers, and Markit, a London-based independent pricing and valuations specialist, have developed a family of indexes on the hybrid adjustable rate mortgage (ARM) market. The Hybrix indexes are cash-settled forward…
RBS makes senior Asia hires
Royal Bank of Scotland Global Banking & Markets (RBS GBM) has hired new senior staff for its teams in Singapore and Japan.
Credit Suisse hires Ryan as head of securities
Michael Ryan, co-head of equities at Goldman Sachs, is joining Credit Suisse later this year as head of securities.
Pension cash invested in commodity indexes rallies oil price
Pension funds are increasingly investing in commodity indexes to diversify their portfolios, according to a recent Lehman Brothers report.
Hedge funds are "disasters waiting to happen", says report
At least 30% of hedge funds have poor risk management that makes them "disasters waiting to happen", according to a report from consultancy Deloitte & Touche.
ANZ hires in European expansion
ANZ Bank has appointed Martin Fiddaman to the new position of head of financial institutions for Europe.
Tradition hires five in inflation
Interdealer broker Tradition has added to its inflation team across Europe and appointed a new desk head, John Cullen.
Lehman hires Shambayati as European emerging markets head
Soroosh Shambayati has been appointed as European head of fixed income for emerging markets by Lehman Brothers.
CBOE prepares to launch credit default options
The Chicago Board Options Exchange (CBOE) is preparing to trade credit default options that will pay out following a credit event.
GFI: financials and telecoms most active CDSs
Credit default swaps (CDSs) referenced to financial services and telecommunications firms were the most active in the global credit default swap market in January, according to New York-based interdealer broker GFI.