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Lehman continues equity derivatives hiring spree
Lehman Brothers has appointed Arnaud Apffel as co-head of European equity corporate derivatives, alongside Marco Di Prima in London. He will report to Philip Lynch, head of global finance in Europe and David Bizer, co-head of equity sales in Europe.
Korean Air launches cargo receivables securitisation
Korean Airlines (KAL) has launched a cross-border securitisation involving all its future yen cargo receivables, the first transaction of its kind in Asia.
CAO used “incorrect mark-to-market methodology”
China Aviation Oil (CAO) has published a report into the circumstances surrounding $550 million in oil derivatives losses, which the Singapore-listed firm – supplier of virtually all China’s jet fuel imports – revealed in late November.
Barcap adds Japanese inflation-linked bonds to global index
Barclays Capital is adding Japanese inflation-linked bonds (JGBi) to its global inflation-linked index at the end of April. This follows the Japanese Ministry of Finance saying it would give foreign investors access to the JGBi market from April 1,…
SG boosts German equity derivatives sales
Société Générale has hired Michael Gypkins, Björn Seifert and Heiko Schömbs as senior equity derivatives salesmen in Frankfurt. The three had worked for Citigroup in similar positions and will start in their new roles on April 1.
Creditex, Markit and major dealers launch European credit fixings
Creditex, Markit and seven credit derivatives dealers today launched 'tradeable credit fixings' in what the backers hailed as a "milestone" in the development of the credit derivatives market.
Goldman poaches JP Morgan equity marketing team
Goldman Sachs has hired Salvatore Di Stasi from JP Morgan Chase as a managing director and to head its European equity derivatives group.
HSBC poaches CSFB fixed income sextet
HSBC has hired six sales and trading staff from Credit Suisse First Boston (CSFB), including Patrick Haskell, CSFB’s former head of US interest rate products. Haskell joins HSBC Securities as a managing director and head of its rates business in North…
Basel Committee set to shift on counterparty credit exposures
The Basel Committee on Banking Supervision is likely to bow to pressure from the banking industry and change the way it deals with counterparty credit risk.
Process or die, says Isda chairman Moulds
The continued growth of the derivatives industry will depend on the industry’s ability to improve processing efficiencies, said Jonathan Mould, chairman of the International Swaps and Derivatives Association, this morning.