Commerzbank
DrKW adds to credit derivatives team in Singapore
Dresdner Kleinwort Wasserstein (DrKW) has transferred Stephen Patterson, New York-based senior structurer for structured credit derivatives, to Singapore as a credit derivatives structurer.
DrKW appoints head of hybrid capital
Dresdner Kleinwort Wasserstein (DrKW), the investment banking arm of Dresdner Bank, has appointed Mark Woolley from Goldman Sachs as head of hybrid capital.
Operational risk versus credit risk: Similarities and differences
Many attempts have been made to adapt credit risk models to quantify operational risk. In this article, Gerrit Jan van den Brink of Dresdner Bank and KPMG's Thomas Kaiser compare op risk and specific credit risk models in terms of input data, methodology…
DrKW adds to credit derivatives team in Tokyo
Dresdner Kleinwort Wasserstein (DrKW) has hired TJ Cheng as a vice-president in its credit derivatives and securitisation team in Tokyo.
German banks plan op loss data consortium
A number of German public-sector banks will start pooling operational loss data next year, in a bid to create an op risk loss database that could, they say, eventually include banks from other European countries.
Clearing Bank Hannover goes into liquidation
Clearing Bank Hannover (CBH), which offered clearing services for electricity and commodity traders, has gone into liquidation and returned its banking licence to BaFin – Germany’s financial regulator.
DrKW establishes equity derivatives prop trading desk
Dresdner Kleinwort Wasserstein (DrKW) has made several appointments to a new proprietary trading desk within its equity products group.
Banks back FXall prime brokerage messaging hub
Currency trading portal FXall has secured the support of seven leading banks to develop a shared messaging hub for notification of prime brokerage deals.
DrKW adds to New York sales effort
Dresdner Kleinwort Wasserstein (DrKW) has continued its sales build-up with four new hires to its team in New York this month, said a spokesperson for the bank.
Dresdner appoints new global head of equity derivatives
Dresdner Kleinwort Wasserstein (DrKW) has appointed Chris Seery as its new global head of equity derivatives.
DrKW appoints new global head of equity-linked origination
Dresdner Kleinwort Wasserstein (DrKW), the US investment banking arm of Dresdner Bank, has appointed Ken Robbins as a managing director and global head of equity-linked origination.
Commerzbank selects SunGard’s Credient Analytics
Commerzbank has selected Credient Analytics, the credit analytics service provided by SunGard Trading and Risk Systems, to handle investment banking credit exposure.
DrKW adds to sales and marketing in Singapore
Dresdner Kleinwort Wasserstein (DrKW) has hired Dahai Wang as a vice-president in its sales and marketing team in Singapore.
DrKW appoints two to short-term equity products group
Dresdner Kleinwort Wasserstein (DrKW) has made two appointments within its short-term equity products group.
Commerzbank appoints Shottes to trade credit derivatives
Commerzbank Securities has appointed Paul Shottes to its credit derivatives group in New York.
DrKW appoints new global head of equity products
Dresdner Kleinwort Wasserstein (DrKW), the investment banking arm of Dresdner Bank, has appointed David Wenman as global head of equity products. Wenman moves from Easy2Trade, the electronic online broker, where he was chief executive.
German mortgage consortium to manage risk with Fermat
German mortgage bank Eurohypo has bought Paris-based Fermat’s risk management suite for regulatory risk, credit risk and asset and liability management.
Roundtable > Operational risk quantification: a discipline at a crossroads
Operational Risk magazine held its first European roundtable during Risk magazine's annual European congress, in Paris, on April 9.
TriOptima terminates €420 billion in rate swaps
The delayed first run of TriOptima’s swap tear-up service, TriReduce, eliminated 7,880 euro-denominated interest rate swaps with a notional value of €420 billion – or about a fifth of the notional value of the credit derivatives market.
Banks set to define op risk modelling for regulators at May conference
NEW YORK - The Basel Committee on Banking Supervision's Risk Management Group is organising a conference in New York at the end of May designed to help the international regulatory body understand current bank op risk modelling practices and inform the…
Risk Europe 2003: Still no "best practice" for integrating economic and regulatory capital, says Buerger
There is still no "best practice" approach to implementing an effective risk management framework that integrates economic and regulatory capital requirements, Peter Buerger, head of group risk control at Germany's Commerzbank, told delegates attending…
Dresdner hires marketer for Korea market
German investment bank Dresdner Kleinwort Wasserstein has hired Charles Jo as director and marketer in its capital markets sales and marketing team.
Risk Europe 2003: Still no “best practice” for integrating economic and regulatory capital, says Buerger
There is still no “best practice” approach to implementing an effective risk management framework that integrates economic and regulatory capital requirements, Peter Buerger, head of group risk control at Germany’s Commerzbank, told delegates attending…
European credit spreads remain tight
Spreads in the credit derivatives market continued to stay tight in Europe this week, based on expectations of a swift war in Iraq. London-based traders said overall liquidity has remained very thin since the official start of the conflict on Wednesday.