BNP Paribas
BNP Paribas bolsters US equity derivatives team
Greg Hurley has joined BNP Paribas' equity derivatives business in New York, where he will head the single-stock trading team. Hurley moves from Merrill Lynch, also in New York, where he was a director in the bank's global linked equity derivatives group.
Deutsche completes fixed-income sell-off
Deutsche Bank has completed the sale of its US active fixed-income asset management business to UK-based Aberdeen Asset Management.
A question of longevity
Pricing and management of longevity risk is gaining in prominence for life and pensions companies. But the market for longevity risk on the pension side remains underdeveloped
Calyon and Axa launch ‘Ocean’ credit CPPI notes
Calyon and Axa Investment Managers (IM) are set to join the slew of financial institutions offering 100% principle-protected notes based on a managed portfolio of synthetic credits.
ABN Amro and Axa close Synergie credit note
ABN Amro and Axa Investment Managers (Axa IM) have closed a principal-protected long/short credit note called Synergie, which has been sold to institutional investors in Europe, Asia and the Middle East.
BNP launches second Dynamo credit CPPI
BNP Paribas is launching the second series of Dynamo hybrid cash and credit derivative notes, which will again be managed by Crédit Agricole Asset Management (CAAM).
Drayson joins BNP Paribas as head of securitisation
Tim Drayson has joined BNP Paribas in London as global head of securitisation, with the job of improving the bank's performance in the European structured credit markets.
BNP Paribas launches Hong Kong retail credit-linked note
BNP Paribas is today launching its first retail structured note for the Hong Kong market. The Paris-based bank will offer capital guarantees on the performance of the 'Elite Series 1' credit-linked notes, which are issued by BNP Paribas Retail Note…
BNP Paribas reinforces structured products team in Germany
BNP Paribas has made two new appointments to its German structured product team and one to its bond team in Frankfurt.
BNP Paribas makes two senior hires to its equity derivatives team
BNP Paribas has bolstered its equities and derivatives trading business with two new hires. Eric Le Brusq will join as deputy head of equities and derivatives worldwide, and Todd Steinberg becomes deputy head of equities and derivatives for the Americas.
BNP Paribas adds to structured credit team
BNP Paribas has hired Damian Saunders as a senior syndicate manager in its structured credit team in London. Saunders will report to Guy Rose, head of BNP Paribas' European structured credit syndicate.
Isda’s ‘novation protocol’ aims to tackle derivatives backlogs
The world's major derivatives dealers have signed up to the International Swaps and Derivatives Association’s long-awaited ‘Novation Protocol’, which seeks to facilitate the transfer of existing trades to third parties.
MarketAxess launches CDS index trading platform
MarketAxess has launched a multi-dealer credit default swap (CDS) index trading service in London and New York. The New York-based company is targeting end-users to use the service.
BNP Paribas adds six to New York equity and derivatives team
BNP Paribas has hired six new traders - five from Nomura Securities - for its New York- based equity and derivatives trading business.
BNP strengthens hedge fund forex sales
Farielle Boufaden will join the foreign exchange hedge fund sales desk at BNP Paribas in London from HSBC. She held a similar role for two years at the UK bank with a particular focus on selling derivatives.
BNP Paribas hires head of forex sales
BNP Paribas has hired Clive Banks as head of foreign exchange sales for its European corporate group (ECG).
BNP Paribas sets up structured forex sales for European banks
BNP Paribas has set up a foreign exchange sales desk in London dedicated to non-reciprocal bank clients in Western Europe. The desk, consisting of two new hires and two internal moves, will focus on structured product sales.
Barclays Capital continues to build equity derivatives unit
Barclays Capital has continued the expansion of its equity derivatives department with the appointments of Ed Ware, Javier Martin and Tetsuo Majima.
BNP Paribas adds eight to corporate fixed income
BNP Paribas has added eight staff to its European fixed-income corporate group.
BNP Paribas adds six to commodity business
BNP Paribas has hired six senior traders and managers for its commodity derivatives offices around the world.
Can research reinvent itself?
The provision of credit research to clients is undergoing sweeping reform, as regulatory concerns grow over potential conflicts of interest and banks reassess the value of giving out freebies. Philip Moore examines what this all adds up to for investors
Market Axess and DTCC team up to offer CDS index trading system
Electronic bond trading platform company MarketAxess has teamed up with the Depository Trust & Clearing Corporation's (DTCC) and 11 global dealers to create an electronic client-to-dealer trading platform for credit default swap (CDS) indexes. The CDS…
BNP Paribas hires derivatives marketer in NY
BNP Paribas has appointed Jerry Hammerschmidt as a senior equity derivatives marketer and managing director in its New York office.
In the spotlight
The Financial Services Authority has warned banks about the high number of unsigned confirmations in the credit derivatives market. Banks need to take action to clear the backlog, and with the FSA watching closely, they need to do it quickly. By Hann Ho