News/People
DrKW steps up equity derivatives effort in Asia
Dresdner Kleinwort Wasserstein (DrKW), the investment banking arm of Germany’s Dresdner Bank and part of the Allianz group, has made its first major hire following a major restructuring of its Asian operations last year. The bank named James Hong, an…
Lehman snaps up CSFB barrier options team
US investment bank Lehman Brothers has lured a 15-person equity barrier options team from rival Credit Suisse First Boston (CSFB) as part of its bid to boost its equity derivatives operations.
Algorithmics promotes Zerbs to COO
Canadian risk software and systems provider Algorithmics has promoted Michael Zerbs, formerly vice-president of research and product marketing, to chief operating officer - a newly created position.
Barclays Capital to boost derivatives effort in Mexico
Barclays Capital, the investment banking unit of the UK's Barclays, has hired Lorenzo Gonzalez Bosco from Bank of America to increase its derivatives origination, syndicated credits and bonds issuance in Mexico.
Iskander to head OTC structuring at Deutsche
Deutsche Bank has hired Michel Iskander to head its over-the-counter derivatives structuring business. He will manage a team of about 10 people in the newly created position. He will report to Toshio Okumura, head of the structured products group, and be…
ICE names Spencer as CFO
Atlanta-based commodities exchange, the IntercontinentalExchange (ICE), has made Richard Spencer its chief financial officer, a newly created role. ICE has also created an office of the chairman to manage the exchange’s rapid growth. The office of the…
Goldman steps up hedge fund effort with two hires
Goldman Sachs has added two new portfolio managers and transferred another pair to its hedge fund strategies group - a unit the investment bank claimed has seen significant asset growth in recent months.
Outram joins Kamakura in Asia Pacific
Honolulu-based risk management software firm, Kamakura, has made Jaqueline Outram managing director for client relationships and operations in Australia and the Asia Pacific region. She will also sit on the company's managing committee.
Meyer to step down from Fed
Lawrence Meyer, a US Federal Reserve Board governor, yesterday said he would resign from the board when his term ends on January 31. His departure will leave a second vacancy on the seven-member Fed board, after the retirement of former governor Edward…
Eurex elects exchange council
Eurex, the world’s largest derivatives exchange as measured by transaction volumes, named Dresdner Bank board director Leonhard Fischer as chairman of its new exchange council - the highest supervisory body of the Swiss-German exchange.
Ice to head US rates marketing at UBS Warburg
UBS Warburg, the investment banking arm of Switzerland’s UBS, has hired Michael Ice to head its interest rate derivatives marketing and structuring unit in the United States.
DrKW restructures credit derivatives group
Dresdner Kleinwort Wasserstein (DrKW) has undertaken a major reorganisation of its credit derivatives operations, and named Rick Weinstein its new head of credit derivatives.
Noonan to step down as American Re head
Ed Noonan will relinquish his role as president and chief executive of American Re, one of the largest reinsurers in the United States, at the end of March.
SG lures Deutsche’s Hopkin to securitisation team
SG, the investment banking arm of French bank Société Générale, has hired Richard Hopkin as deputy head of its European securitisation team.
CBOE's Walsh emerges as OneChicago ops head
Robert Walsh, vice-president of trade processing at the Chicago Board Options Exchange (CBOE), will become managing director of operations for OneChicago, the joint venture created to trade single-stock futures by Chicago's three derivatives exchanges:…
Ramseyer-Torres named DrKW deputy head of equities
Roselly Ramseyer-Torres, who has been steadily building up Dresdner Kleinwort Wasserstein’s (DrKW) equity derivatives capability, has climbed another rung in the German investment bank’s corporate ladder by being named deputy head of global equities.
Swiss Re’s Wilson joins Oliver, Wyman
Oliver, Wyman & Company, the New York-based consultancy, plans to boost its risk management practice by hiring Tom Wilson, former Swiss Re New Markets chief financial officer and chief risk officer.
AEP snaps up Enron's Nordic power team
Ohio-based utility American Electric Power (AEP) is set to enter the Nordic power market after its London-based European trading arm, AEP Energy Services, assumed operation of Enron's offices in Oslo and Stockholm.
Hungarian netting legislation welcomed by Isda
The International Swaps and Derivatives Association (Isda) today said it welcomed the implementation of Act CXX of 2001 on the Capital Markets (CMA), which provides legal certainty to the enforceability of close-out netting in Hungary. The CMA, passed by…
Sound practices paper gets positive response
Bankers generally responded positively to the guidance on sound practices for managing operational risk issued by global banking regulators in December.
ABN Amro expands forex strategy team
Dutch bank ABN Amro is expanding its London foreign exchange strategy team by hiring Aziz McMahon, formerly a treasury economist with Ulster Bank, as a forex strategist.
Feder to head Japanese derivatives for Bear Stearns
US investment bank Bear Stearns has appointed Leonard Feder to the newly created position of head of fixed income and derivatives for Japan. Feder will be responsible for the firm’s trading and risk management strategy for Japan, including corporate…
Lo wins Iafe financial engineer of the year award
The International Association of Financial Engineers (Iafe) has named Andrew Lo, Harris & Harris group professor at the MIT Sloan School of Management and the director of MIT's Laboratory for Financial Engineering, as financial engineer of the year.