News/People
Goldman Sachs appoints derivatives marketeer for Swiss clients
Goldman Sachs has expanded its European fixed-income corporates team with the appointment of Maroan Maizar to run its foreign exchange and derivatives marketing effort for Swiss clients.
FX options business booming
Banks are expanding FX options teams in London and Asia in response to increased interest in derivatives from clients, officials told RiskNews’ sister publication FX Week .
UBS hires Asian credit trader
UBS Warburg has bolstered its Asian credit derivatives team, with the appointment of Anders Haagan as director of credit derivatives trading in Singapore.
Alpha Investment Management appoints new managing director for risk management
Alpha Investment Management, a provider of hedge funds and fund of funds, with $2.2 billion in assets under management, has appointed Bruce Schreiber as managing director for risk management. Schreiber will be responsible for overseeing all of Alpha's…
Deutsche Postbank ramps-up FX trading
German savings bank Deutsche Postbank is to add seven more foreign exchange traders to its new trading floor in Frankfurt, a spokesperson told RiskNews’ sister publication FX Week . When completed, the expansion - which started with the relocation of its…
Putnam Investments mulls hedge fund debut
Putnam Investments, a $260 billion asset manager in Boston, Massachusetts, may soon join the ranks of other large money managers and launch new alternative investments funds, including hedge funds.
Lehman Brothers hires Singapore Branch GM
Lehman Brothers has hired Catherine Loh as a senior vice-president and general manager of its Singapore branch, effective next Monday.
Deutsche appoints head of relative value group in Americas
Deutsche Bank has appointed Erik Falk as head of its global markets division’s Relative Value group sales team, covering all credit products including cash bonds and credit derivatives. The group targets institutional clients including reinsurance…
Commerzbank appoints structurer to US derivatives group
Commerzbank Securities, the investment banking arm of Germany's Commerzbank, has made Henry Flowers a senior structurer at its US structuring desk, part of Commerzbank's derivatives group in New York.
Job moves
QUOTE OF THE MONTH: - “We don’t have a problem with regulators telling us that we should tie our shoelaces, but we don’t want them to tell us how to do it” George Mathewson, chairman of the Royal Bank of Scotland, commenting on the rigidity of the Basel…
Reuters beefs-up treasury team
Technology and information provider Reuters has added to its Treasury marketing and strategy team, the firm said last week.
Singapore FX build-up for BoA
Bank of America (BofA) made four new hires in FX trading in Singapore in September. The hires are part of the bank’s ongoing move to strengthen foreign exchange, said Larry Baum, New York-based global head of spot, forward and proprietary trading.
FNX appoints new technology officer
FNX, the Pennsylvania-based risk management provider, has promoted Andrew Vickers to the role of chief technology officer. In this new position, Vickers assumes responsibility for all technical aspects of the software services developed by FNX.
ABN Amro hires German global financial markets head
Dutch bank ABN Amro has hired Hermann Watzinger to head its global financial markets group in Germany, covering all of the bank’s activities in fixed income, including structured finance, treasury, asset securitisation and fixed-income derivatives…
Barclays Capital adds to futures sales desk in Singapore
UK bank Barclays Capital has hired James Clarke in its futures sales desk in Singapore, according to an official at the bank in Hong Kong.
Dresdner corporate and markets head Fischer resigns
Leonhard Fischer, head of corporates and markets at Dresdner Bank, has resigned, according to senior Dresdner officials.
Top regulators denounce attempt to resurrect OTC energy bill
The four most senior financial regulators in the United States have joined forces to express concern at legislative proposals to expand regulation of over-the-counter energy derivatives.
ABN Amro hires head of European CMBS
Dutch bank ABN Amro has appointed David Newby in a dual position as head of European commercial mortgage-backed securitisation (CMBS), and UK and Irish securitisation.
New head of European FX derivatives marketing for HSBC
HSBC has appointed Ferruccio Ferrara from Deutsche Bank as European head of FX derivatives marketing.
Job cuts at Nordea Securities to have minimal derivatives impact
Nordea's decision to slash nearly 20% of its Nordea Securities investment banking workforce should have only a limited impact on the Nordic bank’s derivatives business, it announced yesterday.