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Merrill Lynch poaches DrKW prime broking heads
US investment bank Merrill Lynch has hired Paul Dackombe and Gary Francis to head up its prime brokerage business.
DrKW boosts credit and derivatives sales and marketing
Dresdner Kleinwort Wasserstein (DrKW) hired five new staff to beef up its credit and derivatives sales and marketing team.
EEX launches daily CO2 price index
The European Energy Exchange (EEX) in Germany has started publishing a reference price for the trade in CO2 certificates throughout Europe on each trading day. The move comes in preparation for the European Union emissions trading scheme (ETS), which…
Freddie Mac opts for OpVar
Quasi-government US mortgage agency, Freddie Mac, has chosen Fitch Risk’s OpVar software suite to manage its operational risk.
Algo offers op risk system to deal with multiple regulatory regimes
Canadian software company Algorithmics has updated its operational risk management system to consolidate data capture for all regulatory information ranging from Basel II to Sarbanes-Oxley.
BNP launches online structured note trading platform
BNP Paribas has launched an online trading platform that will allow the French bank’s clients to trade structured credit-linked notes, equity and fixed-income hybrid notes, and corporate bonds.
JP Morgan backs TradeWeb launch of multi-dealer swaps platform
Thomson TradeWeb will launch a multi-dealer interest rate swaps trading platform in Europe at the beginning of 2005, and has received the support of JP Morgan Chase - the bank that dominated Risk ’s inter-dealer swaps rankings in September
Burke to head Prmia in Chicago
The Professional Risk Managers’ International Association (Prmia) has named Daniel Burke as regional director for its Chicago chapter.
RBS boosts equity derivatives sales team
Royal Bank of Scotland (RBS) has hired Andy Savill as an equity derivatives sales manager for the UK and Ireland.
Shock FX fowards job losses at Tullett
Tullett Liberty has suffered a surprise defeat in the integration of its foreign exchange business with that of rival Prebon Yamane, according to RiskNews ' sister publication FX Week .
Tattersall leaves FSA
Colin Tattersall, head of op risk policy at the UK's Financial Services Authority, has left his post at the supervisor. Market sources say he is set to join the Irish Financial Services Regulatory Authority's Basel II implementation efforts, based in…
Russian derivatives legislation effort stalls
Efforts to fast-track the introduction of new legislation in Russia to provide legal certainty for derivatives contracts appear to have failed, following a hearing on the subject at the Russian Federation state duma on September 27.
Bank of America replaces securities head
Bank of America has hired Mark Werner from JP Morgan Chase to replace Jon Sandelman as its head of debt and equities division.
NAB makes regulatory commitment
National Australia Bank (NAB) will submit a number of reports to the Australian Securities and Investments Commission (ASIC) as part of its efforts to repair the damage caused by the foreign exchange options scandal that enveloped the company earlier…
SG takes role in Chinese capital-guaranteed fund
Chinese fund management firm Harvest has launched the country’s fourth capital-guaranteed fund in conjunction with Shanghai Pudong Development Bank and SG, part of French bank Société Générale. The fund, launched last week, is the first to involve a…
Senior Barclays swaps trader to set up hedge fund
Alan Burnell, head of European swaps and government bond trading at Barclays Capital, is leaving the bank to set up a hedge fund.
Spectron and Braemar join forces for freight desk
Energy broker Spectron and ship broker Braemar Seascope have formed a partnership called Braemar Spectron, to broker forward freight agreements (FFAs) concentrating initially on dry freight in London.
NAB hires group risk chief
National Australia Bank (NAB) has appointed a new group chief risk officer as part of an ongoing drive to improve the company’s risk management practices.
Foreign exchange chief joins Pru exit queue
Howard Carr, head of foreign exchange and commodities at Prudential Bache in London, has quit his position, sparking fears for the future of the bank's forex desk in the city.
CBOT develops liquidity analytics tool
The Chicago Board of Trade (CBOT) will introduce a new market data display application this week, in an effort to provide greater market transparency and help participants make better intraday trading decisions.
SG expands Italian derivatives business
SG, the investment banking unit of French bank Société Générale, has expanded its institutional derivatives sales force in Italy by merging its equities arm with its interest rate and credit divisions.
RBS hires head of US dollar options trading
RBS Greenwich Capital has appointed Michael Lyublinsky as global head of US dollar option trading in its interest rates division.