News/People
NetRisk’s Ceske heads to GE Capital
Rob Ceske, head of business development at NetRisk and its subsidiary OpVantage, has left the company to take on a new role at GE Captial. Ceske’s departure from the Connecticut-based risk management company comes as it is being acquired by Fitch Risk…
Evolution Markets launches weather desk
New York-based environmental and energy broker Evolution Markets has returned to the weather derivatives sector with the launch of a weather desk, six years after it brokered its first over-the-counter weather deal.
Tullett completes restructuring of European operations
UK interdealer broker Tullett & Tokyo Liberty has completed the restructuring of its European operations - following the merger of Tullett & Tokyo and Liberty back in December 1999 - by naming five managing directors to drive the broker towards its goal…
Aquila finally buries energy trading business
Missouri-based energy trader Aquila today said that it has put the lid on the coffin of its energy trading division, following almost two months of speculation. In June, Aquila unveiled plans to wind down its trading book, but said it was looking for a…
Bank of America expands global proprietary trading
Bank of America has named Lawrence Barwick as global head of proprietary FX trading, based in London. The appointment is part of a build-up of global prop trading - the latest stage in the bank’s wholesale expansion of foreign exchange, Larry Baum,…
BoA hires Citi veteran to head Asian derivatives sales
Bank of America (BoA) has hired Freda Sze as regional head of global derivatives sales in its global markets group. Based in Hong Kong, Sze will report to Goetz Eggelhoefer, Asian head of global markets.
Private investigator Capcon focuses on UK banks
UK-based private investigation firm Capcon is making a push to win more business from banks and brokers worried by the operational and reputational risks of dealing with, or employing, people with 'skeletons in the closet'.
Kennedy succeeds Perrotte as consulting head at Summit
New York-based transaction processing technology company, Summit Systems, has promoted David Kennedy to managing director of its consulting services unit. Kennedy succeeds Kathy Perrotte, who is retiring from the company after 12 years of service.
JP Morgan Chase names new co-head of EMEA equity derivatives
JP Morgan Chase has promoted Viswas Raghavan to co-head its equity capital and derivatives markets (ECDM) for Europe, the Middle East and Africa (EMEA). He will report to CarlosHernandez, global head of ECDM, and will be based in London.
Deutsche names Bausano head of hedge funds unit
Deutsche Bank has appointed Barry Bausano as managing director and global head of hedge funds in its New York global markets division.
EnergyClear names Eurex's Earle as new president
Dennis Earle has joined EnergyClear Corporation (ECC) from Eurex as its new president ahead of its September launch. ECC is a Houston-based, not-for-profit, industry owned and sponsored clearing house, which aims to provide comparison, netting and…
Hyundai Securities contemplates derivatives desk
South Korea’s Hyundai Securities is currently reviewing plans to enter the over-the-counter derivatives business in South Korea following regulatory changes earlier this month that opened up the OTC market to the country's securities firms, according to…
BoA continues hiring bonanza
Bank of America (BoA) has hired 14 new staff for its global forex business in London, New York, Hong Kong and Tokyo, snaring a host of top names over a two- to three-month period.
Weill defends Citigroup's actions over Enron
Citigroup’s chief executive Sandy Weill yesterday defended his company's actions amid increased US government scrutiny into its relationship with bankrupt energy trader Enron.
Barclays grabs Lehman's forex trading head
Barclays has hired John Caccavale, head of forex trading at Lehman Brothers in New York, to head trading for the Americas. He will report to Thomas Kalaris, Barclays’ chief executive of the Americas, based in New York. According to a recruiter, Caccavale…
Deutsche in major shake-up of credit responsibilities
Deutsche Bank has shaken up its credit derivatives business, making Boaz Weinstein its global head of investment grade credit risk. Weinstein took up the newly created role in June, continuing with his responsibilities as Deutsche Bank’s head of credit…
Deutsche hires senior FX strategist from JP Morgan Chase
Deutsche Bank has hired Bilal Hafeez from JP Morgan Chase as a senior foreign exchange strategist.
Algorithmics hires van den Akker to push Algo Credit sales
Algorithmics, the Toronto-headquartered provider of risk management software, has appointed Mark van den Akker as a sales specialist to head its Algo Credit risk sales in North America.
DrKW hires senior credit structurer in Japan
Dresdner Kleinwort Wasserstein (DrKW), the investment banking arm of Germany's Dresdner Bank, has hired Carlos Cala as director and senior structurer within its global credit derivatives team. Based in Tokyo, he will report to Rick Weinstein, London…
Barclays nabs Bear Stearns' European credit derivatives head
Andrew Whittle, Bear Stearns head of European credit derivatives in London, left the bank yesterday, a spokesman for the US bank in London has confirmed.
Cooper joins RBS from JP Morgan Chase
Royal Bank of Scotland Financial Markets has hired Simon Cooper from JP Morgan Chase as head of programme management.
Merrill Lynch restructures credit and structured finance units
Merrill Lynch today unveiled a significant restructuring of its European, Middle East and Africa (EMEA) credit and global principal investment and structured finance (GPISF) businesses, headed by Tim Grell and Dale Lattanzio respectively.
Bear Stearns hires Merves as senior hedge fund analyst
Bear Stearns Asset Management has hired Scott Merves as managing director and senior analyst to its equity hedge fund group, New Castle Partners.