Risk magazine
Bear Stearns builds up forex presence in Hong Kong and New York
Bear Stearns has made senior appointments in Hong Kong and New York to increase its capabilities in foreign exchange derivatives and servicing hedge fund clients.
Deutsche B ö rse may bid for Italian exchange
Deutsche B ö rse may bid for Borsa Italiana, in an attempt to woo the Italian exchange away from its merger talks with Euronext.
SG names Seyer as new chief of Lyxor
Société Générale has appointed Laurent Seyer as the new chief executive of its asset management arm Lyxor. He takes over from Eric Personne, who will join the alternative exotic trading desk in the French dealer’s corporate and investment banking…
Deutsche Borse renews bid for Euronext
Deutsche Borse has issued a revised offer for Euronext, allowing the European exchange more independence after a possible merger.
CME to launch renminbi futures in August
The Chicago Mercantile Exchange (CME) is to launch futures and options on futures on renminbi exchange rates against the US dollar, euro and the yen. The contracts will begin trading on August 27, CME officials told reporters at the opening of the CME…
Ferguson to run Swiss Re Americas
Roger Ferguson, who resigned as vice-chairman of the Federal Reserve in January, is to join Swiss Re as chairman of Swiss Re Americas.
Byers leaves UBS for Calyon structured credit role
Paul Byers has joined Calyon as head of structured credit sales for Europe and the Middle East in London. He joins after 13 years working for UBS, where he was most recently responsible for structured credit sales in the German and Austrian markets.
SuperDerivatives recruits online trading head from Credit Suisse
London-based option trading software provider SuperDerivatives has named Moshe Feintuch as head of its new online trading division.
Deutsche Bank adds two to pensions group
Deutsche Bank has added two actuaries to its European insurance and pensions group in London. Paul Stanworth has moved from Royal Bank of Scotland, where he was head of insurance asset and liability management; while Norman Peard is moving from the…
Dresdner Bank names European derivatives sales head
Dresdner Kleinwort Wasserstein has named Marc Michallet as head of its European financial solutions group, based in London.
BarCap opens online structured note trading
Barclays Capital has started offering online trading in equity structured notes to customers worldwide.
Lipton joins Merrill Lynch to head real estate analytics
Alexander Lipton has joined Merrill Lynch as global head of credit, real estate, structured products analytics.
Cost cutting prompts departures at West LB
German commercial bank West LB is to close its trading operations in London as it transfers more of its business to Düsseldorf. The decision to cut costs has already led to two senior departures at the bank.
China Construction Bank makes top-level appointments
China Construction Bank has appointed Pang Xiusheng as chief financial officer and Zhu Xiaohuang as chief risk officer. The two new positions are part of a major revamp of the bank’s risk management structure, and both will take up their posts…
ASX chief D'Aloisio forced out
Chief executive Tony D'Aloisio is to leave the Australian Stock Exchange (ASX) after its merger with the Sydney Futures Exchange (SFE).
ABN Amro names new head of Asian derivatives
ABN Amro has named Muse Kwong as its new head of Asian derivatives.
Deutsche Bank recruits head of north Asian institutional clients
Deutsche Bank has hired Shen Yan as head of its institutional client group for north Asia and head of credit sales for Asia.
Deutsche Bank names Lippmann head of ABS trading
Deutsche Bank has appointed Greg Lippmann, already head of collateralised debt obligation (CDO) trading, as global head of trading and syndicate in asset-backed securities (ABS).
Calyon and Forsyth Barr launch first retail credit CPPI in New Zealand
The first credit product offered to retail investors in New Zealand using constant proportion portfolio insurance (CPPI) techniques has been launched by French bank Calyon and Forsyth Barr, a New Zealand stockbroking and investment advisory firm.
Reuters buys risk management specialist Application Networks
Reuters has paid $41 million for Application Networks, a risk management software specialist.
Three dealers trial historical swaps archiving via SwapsWire
Three dealers – ABN Amro, JP Morgan and UBS – have uploaded a sample of historical swaps trading data to SwapsWire in London as part of a pilot project for resolving mismatches.
Growth in derivatives trading speeds up, says BIS
Trading on international derivatives exchanges has continued to pick up pace, according to the latest Bank for International Settlements (BIS) Quarterly Review, which was released today. The combined turnover in interest rate, equity and currency…
McDonnell to head DB convertible bond trading
Deutsche Bank has named Andy McDonnell as global head of convertible bond trading.
Pay rises for risk managers, says report
Compensation for risk management professionals working in asset management firms grew 18% in 2005, with salaries rising 5.5% and bonuses up 20-30% on average, according to a study by US-based recruitment firm Risk Talent Associates.