Risk magazine/News
WestLB boosts credit derivatives sales
Germany’s WestLB has snared Anthony Brown as executive director and head of credit sales. Based in London, he will sell a range of credit products to non-German-speaking accounts.
BoNY steps up hedge fund transparency effort
The Bank of New York has stepped up its efforts to offer hedge funds increased transparency in Europe, with the hire of David Aldrich as head of securities industry banking. Aldrich will assume responsibility for relationship management and sales to…
Nomura analyst sceptical about Nera’s ratings study
Research by National Economic Research Associates' (Nera) economic consulting division comparing different rating agencies’ rating processes has been described as “disappointingly inconclusive” by Mark Adelson, a New York-based securitisation and asset…
Former head of currency forwards returns to Bank One
Bank One’s former head of currency forwards, Paul Smith, will rejoin the company in London tomorrow (November 11) as a senior euro forwards trader, a senior official told RiskNews’ sister publication FX Week .
UBS hires Latin American trading head
Ron Goldshmidt has joined UBS's fixed income, rates and currencies division at Stamford, Connecticut, in the newly created position of head of Latin American trading.
Summit Systems names prominent hires in New York
Software vendor Summit Systems has made a number of appointments for its New York office. The hires include the return of co-founder Kathy Perrotte to the vendor after a one-year sabbatical.
CBOT chief again hits out at Eurex US
Chicago Board of Trade (CBOT) chairman Charles Carey urged the Commodity Futures Trading Commission to conduct a full and careful review of the application by Eurex to establish a US subsidiary yesterday. Carey’s comments are the latest in an ongoing…
Singapore’s OCBC signs technology deal with FSS
Oversea-Chinese Banking Corporation (OCBC), the Singapore-based financial services group, has entered an agreement with Financial Software Systems (FSS) for its foreign exchange margin trading business.
Industry veteran quits CFTC
Jane Kang Thorpe, director of the division of clearing and oversight of the Commodity Futures Trading Commission (CFTC), will leave the US regulator later this month. She leaves to take up a post as general counsel for the Dubai Regional Exchange (DRI).
US Senate rejects energy derivatives legislation
The US Senate yesterday voted down proposed legislation that sought to impose tighter controls over energy derivatives trading.
Totem and PwC terminate six-year relationship
UK derivatives pricing service provider Totem Market Valuations and international accounting firm PricewaterhouseCoopers (PwC) have ended a six-year co-operation relationship.
Bear Stearns snares another top credit derivatives executive
Bear Stearns has made another senior hire in its rapidly expanding credit derivatives department. Alex Reyfman will join the US investment bank in New York as managing director and head of credit derivatives research.
CBOT moves to dismiss Eurex lawsuit
The Chicago Board of Trade (CBOT) has filed a motion to dismiss a Eurex lawsuit, which alleged the CBOT and the Chicago Mercantile Exchange had violated the US Sherman Antitrust Act.
TFS launches online coal exchange
TFS, the inter-dealer broker of over-the-counter derivatives and physical products, has launched a global web-based dealing platform for the coal markets.
Wachovia hires institutional foreign exchange dealers
Wachovia Bank has hired two institutional foreign exchange dealers in London, as part of a global drive to increase its institutional forex business.
KWI unveils new energy risk system
KWI, the London-based energy risk technology company, today unveiled a newly developed suite of applications for multi-commodity trading and risk management. The system, known as K2, will replace KWI’s previous flagship product kW3000.
ABN Amro continues derivatives build-up
ABN Amro has hired two foreign exchange derivatives marketing managers in the latest stage of its ongoing derivatives business expansion.
US merger brings uncertain future for BoA/ Fleet FX staff
Bank of America’s (BoA) $47 billion purchase of FleetBoston Financial should bolster its regional US coverage in foreign exchange. But an overlap in jobs is unavoidable with a bank the size of BoA, analysts told RiskNews ' sister publication FX Week ,…
Hong kong consultancy Risk Latte plans South Korean volatility index
Risk Latte, a Hong Kong business consultancy, plans to launch a volatility index for South Korea in the first half of 2004, according to RiskNews ' sister publication Inside Market Data .
K2 Advisors hires Nederlof from Deutsche Bank
Connecticut-based fund of hedge funds K2 Advisors has hired Maarten Nederlof as a managing director for product development.
Lehman Brothers adds six new equity derivatives staff
Lehman Brothers has recruited six new sales and trading staff to its European equity derivatives business.
Lloyds TSB hires FSA risk regulator
Lloyds TSB, fined recently by the Financial Services Authority (FSA) for mis-selling investment products to retail investors, has responded by hiring the UK financial watchdog's top risk regulator.
Moody’s hits out at combined cash and synthetic CDOs
Moody’s Investors Service has warned investors that the International Swaps and Derivatives Association legal documentation underpinning combined cash and synthetic collateralised debt obligations (CDOs) is far from perfect.
BMA focuses on European CDO market
International trade body the Bond Market Association (BMA) intends to increase its focus on boosting liquidity and helping to set market standards in the European collateralised debt obligation (CDO) market. This includes the possible establishment of a…