Risk magazine
BNP Paribas snares Chicago sales head
BNP Paribas has hired Matthew Schultheis as director and head of sales for its Chicago office.
Morgan Stanley Investment Management hires chief risk officer
Morgan Stanley Investment Management (MSIM) has hired Kenneth Winston as managing director and chief risk officer, reporting to the company’s president and chief operating officer, Mitch Merin.
Shanghai Futures Exchange signs MoU with Nymex
The Shanghai Futures Exchange (SHFE) has signed a memorandum of understanding (MoU) with the New York Mercantile Exchange (Nymex) to explore potential areas of cooperation for the mutual benefit of both exchanges.
Barclays Capital builds up global interest rate derivatives desk
UK-based investment bank Barclays Capital has made two new appointments to its interest rate derivatives desk in London to focus on exotic products. Both will take up their posts in September.
Electronic CDS trading to remain insignificant until 2006, says Celent
Credit default swaps (CDSs) will not be traded electronically to a significant degree until at least early 2006, according to a report.
Merrill makes additions to EMEA equity-linked group
Merrill Lynch has made a number of appointments to its Europe, Middle East and Africa (EMEA) equity-linked group in London. All will report directly or indirectly to Harry Lengsfield, head of EMEA global markets.
Bank of America strengthens its European debt platform
Bank of America has made a number of appointments to its European debt team in London.
Icap launches FRA matching service in Australia
UK-based broker Icap has launched its forward rate agreement (FRA) matching system, Fra-Cross, for Australian dollar-denominated instruments. The new service intensifies Icap's pressure on Switchfix, the first matching service, launched out of Singapore…
Op risk expenditure to shoot up, predicts report
Expenditure on operational risk technology systems will rise to $8.2 billion by 2007 from the current level of $5.2 billion, according to research published by Towergroup, the Massachusetts-based technology consultants.
PNC hires Gillani to oversee market risk
Pittsburgh-based PNC Financial Services has hired Fleet Boston’s former executive director of global market risk management, Aleem Gillani, as chief market risk officer.
SuperDerivatives upgrades forex platform
Options pricing systems vendor SuperDerivatives has launched an upgrade of its SD-FX system, according to RiskNews’ sister publication, Dealing With Technology .
Barclays Capital hires US corporate risk marketer
Barclays Capital has hired Peter Toolan as a director in its corporate risk management and derivatives management team.
HSBC’s profits up by a third
HSBC’s foreign exchange profits so far this year are up by more than a third compared with last year, with a massive $902 million earned from forex dealing in the first half, reports RiskNews' sister publication, FX Week .
Oil price hits Asian currencies
Surging oil prices have put pressure on Asian currencies, but the impact has been magnified by other factors influencing the region, analysts told RiskNews’ sister publication, FX Week .
Bright future for weather derivatives, finds survey
RiskNews' sister publication, Energy Risk , has completed its inaugural weather derivatives survey and the results show that traders appear to be confident about the state of their business, despite high-profile exits from the industry in recent years.
Citigroup to acquire Knight’s derivatives markets business
Citigroup is set to acquire the derivatives markets business of New Jersey-based trade execution services firm Knight Trading in the fourth quarter.
PSEG sets up weather desk
New Jersey-based utility Public Service Enterprise Group (PSEG) has established a weather derivatives desk. The desk is headed by Roman Kosecki.
Deutsche adds to US structuring team
Deutsche Bank has added three directors to its North American structuring team.
Growing differences in US and European convertibles markets, says report
The influence of hedge funds is driving leverage levels in the US and European convertibles markets in different directions, according to research published by Greenwich Associates, the Connecticut-based consultancy.
Morgan Stanley quant joins Caspian Capital
Caspian Capital, a New York-based hedge fund specialising in fixed-income strategies, has hired Ali Hirsa from Morgan Stanley as head of analytical trading strategies.
Mark-it and eClerx provide joint risk benchmarking services
Mark-it Partners, the daily pricing service for credit derivatives, has teamed up with Mumbai-based eClerx, a provider of data and risk analysis services, to provide joint clients with risk benchmarking capabilities using Mark-it credit and reference…
S&P strengthens in risk solutions
Standard and Poor’s has made two appointments to its risk solutions team in New York.
Big increase in portfolio trading, says report
The most active US institutional traders executed half their equity trading volume through portfolio trades last year, according to consultants Greenwich Associates.
ABN Amro launches life and pensions advisory group
Dutch bank ABN Amro has created a life and pensions advisory group as part of its wider financial markets advisory team.