Job moves

QUOTE OF THE MONTH: - “The perception of government support may induce the counterparties of government-sponsored enterprises to apply less vigorously some of the risk controls that they apply to manage their over-the-counter derivatives exposures” Federal Reserve chairman Alan Greenspan warning about the effects of government backing for US mortgage agencies Fannie Mae and Freddie Mac. Source: RiskNews, April 23, 2002

New vice-chairman and directors at Isda
Henning Bruttel (left), head of foreign exchange and local markets at Dresdner Kleinwort Wasserstein in Frankfurt, became the new vice-chairman of the International Swaps and Derivatives Association last month. He replaces Thomas Montag, managing director of global interest rate products at Goldman Sachs Japan.

Isda elected five other new directors for a two-year term. They are: Jonathan Chenevix Trench, global head of rates and foreign exchange and