Risk magazine
JP Morgan Chase’s Dublon retires
Dina Dublon, chief financial officer at JP Morgan Chase, will leave the bank she has worked at for 23 years. She will be replaced by former Bank One executive, Michael Cavanagh, who is a close associate of Jamie Dimon, the combined group’s chief…
Credit derivatives up 44% to $5.44 trillion, says Isda
Credit derivatives notionals stood at $5.44 trillion at the end of June, a jump of 44% compared with the end of last year, according to an International Swaps and Derivatives Association (Isda) survey.
Belhadj leads BNP Paribas’ charge into US flow business
Amine Belhadj, who has helped BNP Paribas expand its derivatives business in Europe and Tokyo, is now attempting to replicate that success in the Americas in his new role as head of equities and derivatives, Americas at BNP Paribas in New York.
Williams to retain energy trading business
Oklahoma-based energy company Williams said it will continue operating its energy trading business, having failed to sell the rest of its wholesale power division.
Eaton named head of RBS risk financing and repackaging
Royal Bank of Scotland has appointed Scott Eaton as head of risk management and repackaging in its capital markets business.
ABN Amro launches electronic CDS trading platform
ABN Amro, the Dutch banking group, has launched an auto-execution trading platform for the credit default swaps (CDS) market. The system will be available through Bloomberg terminals.
DrKW’s head of emerging markets debt quits for Nexstar
New York–based emerging market investment firm, Nexstar Capital Partners, has hired Peter Carril as a portfolio manager and managing partner.
Refco hires OTC energy broking team
The European arm of New York-based financial services firm Refco has hired two brokers to form an over-the-counter (OTC) energy derivatives team. Glen Ward and Andrew Riddell join Refco Overseas in London from US broker Amerex’s London office.
Agence France Trésor selects Ubitrade’s Tradix system
Agence France Trésor (AFT), the French debt and treasury management institution, has selected Ubitrade’s treasury management system, Tradix, after putting the contract out to tender in 2003.
Mercer Oliver Wyman hires senior director for Italian office
Mercer Oliver Wyman, the New York-based financial services consultancy, has appointed a senior director for its 20-person Italy Office.
Dow Jones expands hedge fund index offerings
Dow Jones Indexes is to add another index to its strategy benchmark Dow Jones Hedge Fund Indexes (DJHFI) series. Beginning in October, DJHFI will publish the Dow Jones Hedge Fund Strategy Benchmark Equity Long/Short (US), which complements the five…
Dow Jones expands hedge fund index offerings
Dow Jones Indexes is to add another index to its strategy benchmark Dow Jones Hedge Fund Indexes (DJHFI) series. Beginning in October, DJHFI will publish the Dow Jones Hedge Fund Strategy Benchmark Equity Long/Short (US), which complements the five…
Nomura hires head of pass-through desk
Nomura Securities International has hired Peter Leonard to head the pass-through trading desk that trades mortgage-backed securities. He will also trade the 30-year conventional position.
Calyon to outsource liquidity
Calyon is in discussions with other un-named banks to outsource currency trading to them, reports RiskNews' sister publication FX Week .
SG names co-heads of fixed income and derivatives
SG, the investment banking arm of Société Générale, has named two co-heads of the fixed income and derivatives operations in Europe and Asia to fill the vacancy left by Grégoire Varenne, who moves on to the company’s debt finance executive committee.
BNP Paribas fund unit selects Riskdata
The London-based fund-of-hedge-fund manager, BNP Paribas Fauchier Partners (BNPFP) and its joint venture partner, Fauchier Partners, have selected Riskdata’s FOFiX risk management system for their fund portfolio.
ING secures derivatives licence in China
Dutch financial group ING has secured a derivatives licence to operate in the Chinese city of Shanghai.
DTCC expands matching and confirmation services
The Depository Trust and Clearing Corporation (DTCC) is to expand its matching and confirmation facility, dubbed Deriv/Serv, to include equity derivatives.
BNP Paribas appoints head of equities and derivatives for Americas
French bank BNP Paribas has transferred its deputy global head of equity derivatives to a new role as head of equities and derivatives, Americas.
Fortis appoints new head of global markets
Fortis, the Belgium-based banking and bancassurance firm, has appointed a new head of global markets.
JP Morgan poaches from Deutsche’s credit derivatives group
A handful of Deutsche Bank’s credit derivatives group has defected from Deutsche Bank to join JP Morgan in New York.
SAS appoints business development manager
Technology company SAS has appointed a new business development manager to oversee its risk management practice.
ABN Amro appoints global head of credit strategy
ABN Amro has appointed a global head of credit strategy from Dresdner Kleinwort Wasserstein (DrKW). Alison Miller joins to lead the bank’s four-strong team of credit and quantitative credit strategists.
Op risk qualification launched in UK
The Securities Institute, a trade association, and consultants Ernst & Young have created a formal operational risk qualification for UK professionals.