Risk magazine
OpRisk Advisory beefs up op risk with Lawrence hire
US-based consultancy firm OpRisk Advisory has recruited David Lawrence from Citigroup as a new executive director.
Lehman Brothers appoints new Indian head
Lehman Brothers has relocated one of its most senior employees, Tarun Jotwani, from Europe to Mumbai to head its Indian operations. Jotwani will leave his role as European co-head of fixed income to become chairman and chief executive of Lehman Brothers…
Cantor hires Barnard as chief financial officer
Cantor Fitzgerald has today appointed Douglas Barnard as chief financial officer.
Credit Suisse reorganises to promote structured retail products
Credit Suisse has launched a new structured retail products (SRP) platform as part of a global retail initiative that aims to integrate equity and fixed-income retail products.
Russon takes leading role at South Africa’s Absa Capital
South African investment bank Absa Capital has appointed Charles Russon as its chief financial officer.
Grant Thornton makes strategic risk management appointment
Accountancy firm Grant Thornton has today appointed Sandy Kumar as a director of its risk management practice.
BGC launches property derivatives joint venture
Inter-dealer broker BGC has launched a property derivatives joint venture with Cushman & Wakefield, a US-based real estate group. The venture, called Cushman & Wakefield BGC, will provide strategic solutions and execution services across the European…
BNP makes new appointment to European high-yield team
BNP Paribas has appointed Max Biagosch to the European high-yield capital markets group. Biagosch is based in London and will report to Youssef Khlat, head of European high-yield capital markets.
EIIB expands capital markets team
European Islamic Investment Bank (EIIB), the first independent sharia-compliant Islamic investment bank to operate in the UK, has announced five senior appointments in its treasury and capital markets team in London.
Cool response to quarter-point interest rate rise in Japan
The Bank of Japan (BOJ) today raised interest rates to 0.25% from 0% in a move that the Japanese central bank hopes will signal the end of a lengthy period of deflation and a decade-long economic slump.
GFI opens new Islamic broking desk in London
Interdealer broker GFI has opened a new Islamic banking and finance broking desk in London to meet growing demand for securities that are compliant with Islamic law.
S&P places six Asia-Pacific CDOs on CreditWatch negative
Standard & Poor’s Ratings Services (S&P) has placed the ratings on six Asia-Pacifc synthetic collateralised debt obligations (CDOs) on 'CreditWatch with negative implications'. The agency affirmed the ratings on two other CDOs.
Advanced risk management training offered for new banking elite
Elite risk management professionals will be able to take the first advanced programme on risk management for executives at the Wharton School of the University of Pennsylvania.
SwapsWire recruits new staff globally
SwapsWire, which is owned by a consortium of 21 leading derivatives dealers, has today unveiled a series of appointments in its customer service and account management teams.
Bank of England hits out at quality of dealer stress-tests
The Bank of England gave the UK banking industry a stark warning today to improve stress-testing systems to avoid being dangerously exposed if there is a 'severe shock' to the financial system. The UK’s central bank made the comments in its twice-yearly…
Linklaters bolsters New York derivatives practice
Law firm Linklaters has hired Stan Renas as a partner in its structured finance and derivatives practice in New York. He will report to Adam Glass, who is a partner and head of the group.
Jump in private equity deals puts corporate balance sheets at risk
The UK’s Bank of England has today warned that a sharp jump in borrowing linked to private equity deals has left corporations at increasing risk of defaulting on loan commitments.
Jefferies & Co makes aother senior equity derivatives hire
New York-headquartered investment bank Jefferies & Company has hired Jason Glover as a senior equity derivatives trader in its new equity derivatives trading group. Glover was previously a portfolio manager in the emerging managers fund at US alternative…
Credit quality sees rapid deterioration in June
Hawaii-based risk technology vendor Kamakura Corporation today reported a steep increase in its monthly global index of troubled companies, signifying a decline in global credit quality.
Credit DPCs are growing rapidly, says Fitch
Credit derivatives product companies (CDPCs), such as Primus Guaranty, are emerging as important participants in the burgeoning credit derivatives market, according to a new criteria report by Fitch Ratings.
BarCap snares Bes from BNP Paribas to head private bank coverage
Barclays Capital has today appointed Pierre Bes as a managing director and head of private bank coverage, Europe.
BNP Paribas appoints new head of metals within commodity derivatives
BNP Paribas has promoted Russell Plackett to head its metals products business within its commodity derivatives unit.
Société Générale launches commodity-linked notes in Hong Kong
Société Générale has launched a three-year retail commodity-linked auto-callable note in Hong Kong. The principal-protected note will be linked to the price performance of an equally weighted basket of four commodities: West Texas Intermediate crude oil,…
Defrauded forex investors win compensation
Some 250 retail foreign exchange investors are set to receive $2.7 million in compensation, after a fraud committed by Gibraltar Monetary Corporation was uncovered by the Commodity Futures Trading Commission (CFTC) in the US.