Citi
Nine banks to build Mifid utility
Nine global securities firms have gone public with plans to create a trade data and market data dissemination platform, to take advantage of the EU’s Markets in Financial Instruments Directive (Mifid) reforms.
Citi launches alternative investment service in Asia
Citigroup has extended its alternative investment service so that hedge funds in the Asia-Pacific region can now outsource their administration requirements.
Citigroup creates Asia-Pacific COO position
Shengman Zhang, vice-chairman of the global banking division of Citigroup Corporate and Investment Banking (CIB) in New York, will start in October as chief operating officer for Asia-Pacific at CIB, a new position based in Hong Kong.
Citi rebuilds Asia commodities team
Citigroup has made several hires to its commodities team in Singapore. The US bank has been looking to build up the division since the departure to Merrill Lynch in April 2005 of commodities head Mark Long and most of his team.
Citigroup snares Calpine CFO to head commodity capital markets
Citigroup has appointed Rodney Malcolm as managing director and global head of commodity capital markets.
Citigroup sets up inflation trading team
Citigroup has hired five senior bankers to form a European inflation products team. The team, which is within the European rates trading arm of the bank, will be headed by Sebastien Goldenberg, managing director and head of inflation trading.
Goldman and Citigroup to become CBOT swaps market makers
From next month, Goldman Sachs and Citigroup will act as electronic market makers for the Chicago Board of Trade's (CBOT) five-year and 10-year interest rate swap futures contracts.
Citigroup adds credit correlation specialist
Citigroup has hired Mickey Bhatia to head its global credit correlation trading business as it continues to bolster its global credit business with new appointees. Bhatia joins from Deutsche Bank, where he was head of flow credit correlation trading…
New forex sales chief for Citi
Citigroup has made Anu Jayanti global head of foreign exchange sales in New York. The move marks a promotion for Jayanti, who was previously global head of leveraged sales and regional head of forex for North America at the bank.
In the frame
Seven of the industry's top op risk executives debated framework implementation at a recent roundtable discussion in New York, moderated by Ellen Davis and sponsored by enterprise-wide risk solution firm FRS
BNP hires Citi forex options head
BNP Paribas has hired a number of foreign exchange employees from rivals Citigroup and Barclays Capital, as the French bank continues a drive to increase its presence in the US and Europe.
Ex-Deutsche’s Raynes to head Citigroup’s structured credit division
Citigroup has appointed Michael Raynes as head of its global structured credit products division in New York. He joins from Deutsche Bank, where he spent six years, most recently as head of the global CDO group and co-head of the global securitised…
CBRC concerned about selling Chinese banks
The China Banking Regulatory Commission (CBRC) has admitted it is concerned about the role of foreign financial firms operating in China.
Temasek buys £2.3bn stake in Standard Chartered
Singaporean investment company Temasek Holdings has bought an 11.55% stake in Standard Chartered from the Tan Sri Khoo Teck Puat estate for around £2.3 billion. The move makes it the largest single shareholder in the London-based bank.
Standard confirmation for preferred CDS hammered out
Eight dealers have agreed upon standard documentation for preferred credit default swap (CDS) transactions. The new standards will likely enhance liquidity of the nascent market.
Barclays Capital prises Shelton from Citigroup
David Shelton has quit his position as a director in Citigroup’s global credit derivatives research unit in London, and is to join Barclays Capital.
CDS IndexCo and Markit launch synthetic US CMBS index
CDS IndexCo and Markit have launched CMBX, a range of synthetic credit default swap (CDS) indexes of US commercial mortgage-backed securities (CMBS), which will trade from today.
Citigroup adopts Reveleus' Basel II solution
Citigroup is to implement the Reveleus Basel II solution to support the global bank's US and international regulatory requirements under the Basel II Accord.
IIC launches euro iBoxx ABS index
Frankfurt-based International Index Company (IIC) has launched the iBoxx EUR ABS 50 index, which consists of the 50 largest and most liquid AAA-rated European floating rate asset-backed securities (ABS) and mortgage-backed securities (MBS). Each…
Citigroup hires Browning as head of forex
Citigroup has hired Marcus Browning, formerly head of forex options at Merrill Lynch, as its first global head of forex trading.
Coyne joins Citibank to head FX prime brokerage
Deutsche Bank’s former global head of forex prime brokerage Andrew Coyne has joined Citigroup to run its global foreign exchange prime brokerage operation in London.
Algorithmics and Citigroup in credit risk partnership
Algorithmics, a Toronto-based specialist in enterprise risk management, has entered into a strategic alliance with global banking giant Citigroup to deliver a global suite of credit risk models. The models will provide credit risk and default analytics…
Nikko hit by latest Japanese trading error
A new trading error on the Tokyo Stock Exchange looks set to cost broker Nikko Citigroup an estimated JPY1 billion ($8.6 million). The development follows a more serious trading error at Mizuho on December 8.
PBOC gives OTC foreign exchange trading go-ahead
The People's Bank of China (PBOC) has opened up the country's spot FX market to over-the-counter trades, and authorised the China Foreign Exchange Trading System (CFETS) to determine the daily central parity rate for the RMB against foreign currencies.