Bear Stearns
Wachovia expands structured credit team
Wachovia Securities, the corporate and investment banking arm of Charlotte-based financial services company Wachovia Corporation, has recruited five people to work within the structured credit products group.
Davies lures another ex-CSFB credit derivatives head to Bear Stearns
Mark Davies, head of global credit derivatives trading at Bear Stearns, has lured another former CSFB colleague to the US investment bank.
Hatstadt leaves Merrill after less than a year
Philippe Hatstadt, a managing director and head of structured credit derivatives trading at Merrill Lynch in New York, has resigned.
Bear Stearns joins rush to sign with Mark-it
US investment bank Bear Stearns has signed an agreement to use data supplied by UK credit data provider Mark-It Partners. It is the latest in a stream of major financial institutions to sign up for the service.
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.
Bear Stearns snares another CSFB credit derivatives head
US investment bank Bear Stearns has snared another top credit derivatives executive from Credit Suisse First Boston (CSFB) following its appointment of Mark Davies as global head of credit derivatives in May.
Bear Stearns adds CDO evaluator to Pacre
Bear Stearns has added a high-yield collateralised debt obligation (CDO) pricing model to its price-adjusted credit risk evaluator (Pacre) product. The model is designed to calculate credit-adjusted spreads on individual CDO tranches.
More power to the banks
Banks now have greater freedom to participate in derivatives markets based on physical commodities thanks to two recent ruling by US regulators. As a result, the balance of power looks set to shift from Houston to New York. By Paul Lyon
Bear Stearns hires head of fixed-income trading in Japan
Bear Stearns has hired Raymond Wong as a senior managing director and head of fixed-income trading for Asia and Japan.
More dealers sign up to new credit derivatives matching service
BNP Paribas, Bear Stearns, Credit Suisse First Boston, Goldman Sachs and UBS Warburg are the latest dealers to sign up to a new global credit default swap (CDS) matching service, which the Depository Trust & Clearing Corporation (DTCC) plans to launch…
Boberski to head rates strategy at Bear Stearns
US investment bank Bear Stearns has hired David Boberski as managing director and head of interest rate strategy, in a bid to consolidate research across interest rate product lines.
Bear Stearns appoints new head of convertibles origination
Bear Stearns has appointed Paul Rosica from Lehman Brothers as senior managing director and head of convertibles origination in its equity capital markets group.
Bear Stearns loses global fixed-income and derivatives head
Sean Hamidi, global head of fixed-income and derivatives at Bear Stearns in London, has left the bank and not been replaced, an official told RiskNews ' sister publication FX Week .
BarCap builds credit team with two new hires
Barclays Capital, the investment banking arm of the UK’s Barclays Bank, has boosted its presence in the European credit derivatives business through two new hires.
Bear Stearns implements new back-office derivatives system
London-based derivatives technology company Rolfe & Nolan has implemented new reconciliation and task management systems for futures and options processing at investment bank Bear Stearns.
Bear Stearns recruits futures sales team to target hedge funds
Bear Stearns has recruited an eight-person futures sales team to target hedge funds, led by industry veteran Roland Morris, for its interest rate futures department.
Bear Stearns to use Derivatech for FX options
Bear Stearns has taken Derivatech’s FX risk management platform to support its expanding FX options trading and distribution operations in New York and London.
Swaps spreads for US banks and brokers widen
The cost of protection for US banks and brokers widened following a 17% plunge in third-quarter profits at Morgan Stanley and bleak forecasts by JP Morgan Chase on Tuesday that resulted in credit downgrades by rating agencies Standard & Poor’s and Fitch…
Bear Stearns hires US rate futures sales manager
US investment bank Bear Stearns has hired Alan Swimmer from rival Citigroup Salomon Smith Barney as a senior managing director and national sales manager for its interest rate futures business.
Bear Stearns ramps up Asian equity derivatives business
Bear Stearns has hired Kin Cheung to head its equity derivatives trading business in Asia, including Japan. Cheung will report to Steve Meyer, senior managing director and head of global equity derivatives trading in New York, and Leonard Feder, senior…
DrKW hires senior credit structurer in Japan
Dresdner Kleinwort Wasserstein (DrKW), the investment banking arm of Germany's Dresdner Bank, has hired Carlos Cala as director and senior structurer within its global credit derivatives team. Based in Tokyo, he will report to Rick Weinstein, London…
Bear Stearns hires Merves as senior hedge fund analyst
Bear Stearns Asset Management has hired Scott Merves as managing director and senior analyst to its equity hedge fund group, New Castle Partners.
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…