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Merrill makes additions to EMEA equity-linked group

Merrill Lynch has made a number of appointments to its Europe, Middle East and Africa (EMEA) equity-linked group in London. All will report directly or indirectly to Harry Lengsfield, head of EMEA global markets.

Oil price hits Asian currencies

Surging oil prices have put pressure on Asian currencies, but the impact has been magnified by other factors influencing the region, analysts told RiskNews’ sister publication, FX Week .

Bank of America loses global markets head in Asia

Goetz Eggelhoefer, former managing director and head of global markets, Asia, at Bank of America in Singapore, has left to join the Rohatyn Group, an emerging market hedge fund started by ex-JP Morgan Chase trader Nick Rohatyn.

Merrill boss adds ex-colleagues

Merrill Lynch's new global foreign exchange chief, Stephen Kemp, has hired three former colleagues from Morgan Stanley, the bank he left last April to join Merrill, reports RiskNews' sister publication, FX Week .

Orc customers to gain access to Citi’s trading platform

Orc Software, the Stockholm-based technology vendor that supplies systems for market-making, trading and brokerage, has signed an agreement with Citigroup to allow all its existing customers to access the Citibank automated trading platform (Cats-OS)…

CDS options emerge in Asia

Credit default swap (CDS) options on Asian names have emerged on broker screens, with two CDS option trades referenced to Hong Kong conglomerate Hutchison Whampoa trading through brokerage firm Icap in early June.

Merrill Lynch receives forex licence in South Korea

Merrill Lynch received a foreign exchange licence from the South Korean financial services regulatory body, the Financial Supervisory Commission (FSC), today. The licence allows the US securities dealer to expand its Korean business to the onshore forex…

Merrill Lynch tipped to bid for EKT

Rumours are circulating that Merrill Lynch may snap up Entergy-Koch Trading (EKT) following last week's news that New Orleans-based Entergy Corporation and Wichita's Koch Industries are considering selling their Houston-based energy trading business.

Banc of America Securities expands in credit derivatives

Charlotte-based Banc of America Securities has hired Peter Nguyen from Credit Suisse First Boston (CSFB) as head of credit derivatives specialist sales. He will lead the credit derivatives sales effort to hedge funds, banks and other frequent credit…

Private equity group to acquire majority stake in Refco

Boston-based private equity group Thomas H Lee Partners (THL) will acquire a majority stake in Refco, a New York-based financial services firm involved in derivatives execution and clearing, as well as a provider of prime brokerage services for fixed…

Mooney quits Trafigura to launch Merrill fund of funds

David Mooney, formerly head of power and gas trading at Trafigura in London, has left the Swiss commodity trading house to join Merrill Lynch. Mooney will join Merrill in mid-June as a managing director, where he will be charged with evaluating commodity…

BoA's head of energy trading moves to hedge fund

Julian Barrowcliffe, formerly global head of energy trading for Bank of America in New York, has joined Vega Asset Management. In his new role, Barrowcliffe will manage a commodities trading fund for the New York-based hedge fund with $11 billion under…

Options staff hotly pursued

Currency options traders are finding themselves hotly pursued, as a series of high-profile moves around the world has set off a chain of demand, reports RiskNews’ sister publication, FX Week .

Martin Wiedmann leaves UBS

The departure of Martin Wiedmann from UBS in Zurich last week sparked a guessing game among his peers over which bank he is set to join, reports RiskNews ' sister publication FX Week .

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