Risk magazine
JP Morgan CDO marketer departs
Paul Horvath, co-head of European collateralised debt obligation marketing (CDO) at JP Morgan, has left the firm. The remaining CDO marketing co-head, Olrich Masek, will assume Horvath’s responsibilities. Horvath is thought to be joining Merrill Lynch in…
JP Morgan hires accounting specialist
JP Morgan, the US-based investment bank, has hired Suzanne Lloyd as a vice-president in the firm’s equity derivatives division.
Bank of America promotes Moulds
Bank of America (BoA) has promoted Jonathan Moulds to the position of international head of global markets, with a remit covering debt and equities in Europe and Asia.
Société Générale snares Geys
Société Générale has appointed Raphaël Geys as head of European fixed-income sales for financial institutions in London.
DrKW becomes first foreign member of Warsaw Stock Exchange
Dresdner Kleinwort Wasserstein (DrKW) today became the first non-Polish financial institution to become a member of the Warsaw Stock Exchange. This will allow DrKW’s institutional clients to trade Polish stocks and derivatives from April 1.
DrKW appoints global head of FX derivatives
Dresdner Kleinwort Wasserstein (DrKW), the investment banking arm of Dresdner Bank, has hired Tim Carrington as its new global head of foreign exchange derivatives.
Barclays launches Barx in Asia
Barclays Capital has launched Barx, its online single-dealer interest rate swaps trading platform, in the Asia-Pacific. The electronic platform will enable the region’s investors to trade US dollar and yen interest rate swaps through their Bloomberg…
TriOptima opens New York office
Stockholm-based technology firm TriOptima has opened a New York office and hired Susan Hinko as managing director of TriOptima North America.
Barclays Capital appoints CMBS research director
Barclays Capital has hired Hans Vrensen as head of its European commercial mortgage-backed securities (CMBS) research unit.
SunGard delays rebranding decision
SunGard, the financial software and business continuity provider, has delayed the rebranding of its risk management software arm.
Warsaw Stock Exchange launches interest rate derivatives
The Warsaw Stock Exchange has launched its first interest rate derivatives contract in the form of Polish Treasury note futures.
NAB gears up for forex options restart
National Australia Bank (NAB) has made two senior derivatives trading appointments in preparation for the future reopening of its forex options desk. The desk closed early last year following a trading scandal.
Blackstone hires Morgan Stanley’s Kapur
Blackstone Alternative Asset Management (BAAM) has hired Vineet Kapur to its investment team in New York.
WMG plans to launch three hedge funds
WMG, the hedge fund and wealth management firm, plans to roll out three in-house hedge funds in the second quarter of this year. Mark Richardson, head of risk management, said the new fund strategies are likely to be global macro, credit arbitrage and a…
Cairn hedge fund launch imminent
Cairn Capital, the credit-focused asset management and advisory business, plans to launch its first hedge fund on March 1.
Bloomberg and TradeWeb enter multi-dealer electronic swaps trading fray
Competition in dealer-client electronic euro swaps trading is heating up with the launch of two new 'request-for-quote' (RFQ) multi-dealer interest rates swaps platforms in quick succession.
JP Morgan loses exotics head
JP Morgan Chase’s head of European trading for exotics and hybrids, Chris French, will retire from the firm in early March.
SG hires four credit research analysts
Société Générale is strengthening its European credit research unit with the addition of four new recruits.
DrKW expands into base metals
Dresdner Kleinwort Wasserstein (DrKW) plans to build a base metals principal sales and trading group. It has hired three Koch Supply & Trading staff to set up the unit on March 7.
TriOptima to use Markit's Red database
TriOptima, a Swedish technology firm specialising in tear-ups of unwanted over-the-counter swaps from counterparties’ portfolios, has teamed up with Markit to use its reference entity database (Red).
Risk management compensation rises by 9%
Salaries for risk management professionals continued their upward rise in 2004, according to New York-based executive search firm, Risk Talent Associates.
Top credit derivatives marketer departs JP Morgan
Andrew Palmer, global head of structured credit marketing and distribution at JP Morgan Chase in London, has left the bank.
Understanding variations in the risk of multi-strategy portfolios
Investors spend a great deal of time and effort setting a thoughtful risk budget for their portfolio,only to see all too frequently that the targeted risk will be missed by a wide margin when theinvestment process gets started. In this article, Gang…
Jumps as components in the pricing of credit and equity products
The equity and credit markets have become increasingly integrated over recent years. This has increased the need for models and tools that allow traders to hedge their risk simultaneously in the two markets. Here, Daniel Bloch presents an approach that…