Risk magazine
Dresdner launches forex prime brokerage
German bank Dresdner Kleinwort Wasserstein (DrKW) has launched a foreign exchange prime brokerage business, completing its cross asset class prime brokerage offering.
Primus hires McLendon
Primus Guaranty, a credit derivatives boutique, has hired Charles McLendon as president of asset management - a newly created role at the company.
Barclays Capital prises Shelton from Citigroup
David Shelton has quit his position as a director in Citigroup’s global credit derivatives research unit in London, and is to join Barclays Capital.
BIS reports record year for exchange-traded derivatives
Demand for exchange-traded futures and options contracts reached an all time high last year with annual turnover up 22% on 2004, according to the latest quarterly data released by the Bank for International Settlements (BIS).
DrKW expands London forex team
Dresdner Kleinwort Wasserstein (DrKW) has hired five senior staff for its London-based foreign exchange business.
CDS IndexCo and Markit launch synthetic US CMBS index
CDS IndexCo and Markit have launched CMBX, a range of synthetic credit default swap (CDS) indexes of US commercial mortgage-backed securities (CMBS), which will trade from today.
Tullett to publish property derivatives prices online through Propex
Tullett Prebon Information has teamed up with Propex to publish pricing information on its property derivatives products.
Reuters adds China data
Reuters has added research reports along with fundamental and business intelligence data related to 1,400 listed companies in China to its research and asset-management content service.
Goldstein to head BNP options sales
BNP Paribas has hired Daniel Goldstein to head hedge fund option sales in London.
Bank of America loses credit correlation trading head
Alexandre Bernand, the London-based global head of credit correlation trading at Bank of America, has resigned.
Asia’s wealth markets to achieve double-digit growth, says Barclays
A survey by Barclays Capital has predicted that Asia's top wealth management markets will grow by up to 17% a year over the next three years.
FSA slaps £750,000 fine on GLG and its former trader
The UK's Financial Services Authority (FSA) hit London-based hedge fund, GLG, and its former senior trader, Philippe Jabre, with a fine of £750,000 each on Wednesday for market abuse.
RBS makes high-yield appointment
Royal Bank of Scotland has hired Kevin Connell as vice-president in its high yield capital markets group in London. He will be involved in both corporate and sponsor-related high yield transactions, in which he will provide origination and execution…
Xinhua Finance to acquire risk management firm
Chinese financial information provider Xinhua Finance is looking to acquire Beijing Alpha Financial Engineering, a leading risk management systems developer in China, by acquiring all the company's shares from its two equity holders.
Moody's KMV launches RiskCalc Germany
Moody's KMV has launched a new German version of its RiskCalc credit assessment software.
BarCap appoints its first commodities head for Asia
Barclays Capital is looking to increase commodity sales in Asia after appointing Russell Norton to be its first-ever head of commodities for the region. He will be based at the bank's commodities trading hub in Singapore.
Indian NPA securitisations to grow, says Fitch
India’s non-performing asset (NPA) securitisation market is set to grow from present levels, according to a report by Fitch Ratings. This will help the sub-continent’s banks to resolve over IRp600 billion ($13.5 billion) of NPAs sitting on their balance…
Corrigan: progress made on credit derivatives, more work to be done
Speaking after a symposium organised by the Counterparty Risk Management Policy Group II (CRMPG II) yesterday in New York, Gerald Corrigan, a New York-based co-chairman of Goldman Sachs's firm-wide risk committee and chairman of the industry group, said…
Court slams CAO directors with $435,000 in fines
A Singapore court today handed down a total of S$700,000 ($435,000) in fines to three China Aviation Oil (CAO) directors who admitted insider trading and concealing losses.
BoA supplements global forex team
Bank of America (BoA) has beefed up its foreign exchange capabilities during the past month by making a number of new staff hires.
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