Risk magazine
Barcap hires director of corporate risk management from UBS
Barclays Capital has appointed Jonathan Shiff, a former director of fixed-income derivatives at UBS, as a director in its corporate risk management team in New York.
Hedge fund investment inflows reach $13.83 billion in Q2, says Tremont
Hedge funds received a record $13.83 billion in investment inflows at the end of the second quarter of 2003, according to research conducted by US investment adviser Tremont’s Tass Research unit.
Citi grabs King to head credit research group
Citigroup has hired Matthew King as head of quantitative credit strategy in Europe from JP Morgan Chase.
Swiss Re and MMC to launch flood assessment tool
Reinsurer Swiss Re and Czech technology company MultiMedia Computer (MMC) have teamed up to develop a flood risk assessment tool for the Czech insurance market.
Donohue to replace McNulty at CME
The Chicago Mercantile Exchange (CME) announced that James McNulty, president and chief executive, will step down at the end of the year, only one year after taking the exchange public. Craig Donohue will take over as chief executive on January 1…
Falling volatility could lead to a reassessment of investment strategies, says Morgan Stanley
Investors may have to rethink their investment strategies if credit and equity market volatility continues to fall, according to research by Morgan Stanley.
HSBC USA adopts Calypso for equity derivatives
HSBC Bank USA has extended its use of Calypso Technology’s trading and processing platform to include equity derivatives products.
Wall Street Systems appoints Longden
Wall Street Systems, a US provider of treasury and capital markets services, has appointed Chris Longden as regional managing director for Europe, the Middle East and Africa (EMEA). Based in London, Longden will be responsible for managing the sales and…
STP break puts banks at risk
Third-party banks using the continuous-linked settlement (CLS) service may be subject to increasing operational risk as a result of a breakdown in straight-through processing (STP), reports Risk's sister publication FX Week .
S&P hires CreditTrade’s former head of information services
Rating agency Standard & Poor’s (S&P) has appointed Krishna Biltoo, former head of information services at credit derivatives inter-dealer broker CreditTrade, as a managing director of its securities services, Europe.
Equity strategies lead Van Hedge Fund Index growth
Equity-oriented strategies, after benefiting from the stock market's continued gains, have posted the highest returns for July on the Van Hedge Fund Index.
Deutsche bridges private banking and forex
Deutsche Bank is seeing increased foreign exchange business from its private clients following the recent appointment of David Bee in London, Risk's sister publication FX Week reports. Bee is working with Jim Turley, global head of forex in London, and…
Derivatives dealers report business as usual after power cut
Major derivatives dealers say their systems coped well with yesterday’s power cuts in New York and report that trading is continuing as normal.
UK warrants market sees growth on the back of equity rally
The upturn in equity markets that began in the spring has led to increased investor interest in UK warrants, according to Goldman Sachs. But the UK warrants market, which was launched in October by the London Stock Exchange (LSE), has yet to see…
CME to close open-outcry pits an hour early
The Chicago Mercantile Exchange (CME) will close pit trading in open-outcry interest rate products, including its flagship Eurodollar futures contract, an hour earlier – at 1pm – than normal as a result of the power cuts in the New York region, the…
US/Canadian blackouts 'could have been avoided'
Blackouts in the US that have left 50 million people without power would probably have been avoided had delayed reliability legislation been passed several years ago, according to the CEO and president of the North American Electric Reliability Council …
Union Planters picks Principia Partners’ treasury risk service
Union Planters, a US regional bank based in Memphis, Tennessee, has selected Principia Partners’ treasury risk service to manage the bank’s derivatives trading.
ANZ appoints director of financial markets for Europe and US
Australia and New Zealand Investment Bank (ANZ) has appointed Gilles Planté as director of its financial markets business for Europe and the US. He was previously director of commodities and foreign exchange derivatives, a post he has held since 1997.
Stanfield Capital names Yeager as head of risk management
Stanfield Capital Partners, an investment management company, has appointed Gordon Yeager as managing director and head of risk management. He will be responsible for risk management across all investment strategies.
Ziff transfers to Mercer Oliver Wyman from Nera
Bradley Ziff has joined Mercer Oliver Wyman (MOW), a subsidiary of Marsh & McLennan, as a director to help with the consultancy’s global efforts in operational risk consulting.
Investors cut US hedge fund allocations by 14% in Q2, says Reuters poll
Investors cut allocations to hedge funds by 14% between April and June this year, and more than doubled investments in the safest alternative strategies, according to the LJH-Reuters poll of hedge fund managers.
Wall Street Systems to offer Treasury Engine on Linux
Wall Street Systems, a US provider of treasury and capital markets services, will offer its flagship product, Treasury Engine, on the Linux operating system from September.
CME and UK's Met Office to launch European weather derivatives
The Chicago Mercantile Exchange (CME), the UK's Met Office and its joint venture company, Weather Xchange Limited (weatherXchange), have unveiled plans to jointly develop global weather futures and options contracts.
Basel II creates myriad problems for US investment banks
Basel II is causing substantial problems for US investment banks whose overseas subsidiaries may receive harsh treatment under the new capital regime and whose home regulator, the Securities and Exchange Commission (SEC), says it is unsure when it will…