JP Morgan
JP Morgan rationalises marketing units in credit and rates
JP Morgan Chase has rationalised sales and marketing in its European credit and rates business, according to a internal memo by Tony Best, the London-based head of European investor client management, on April 1.
JP Morgan boosts gas and energy team
JP Morgan has hired George Taylor as both global head of gas and power trading and US head of gas and power, having spent five years at Morgan Stanley. He reports to David Kitson, head of global energy.
Lehman continues equity derivatives hiring spree
Lehman Brothers has appointed Arnaud Apffel as co-head of European equity corporate derivatives, alongside Marco Di Prima in London. He will report to Philip Lynch, head of global finance in Europe and David Bizer, co-head of equity sales in Europe.
Creditex, Markit and major dealers launch European credit fixings
Creditex, Markit and seven credit derivatives dealers today launched 'tradeable credit fixings' in what the backers hailed as a "milestone" in the development of the credit derivatives market.
Goldman poaches JP Morgan equity marketing team
Goldman Sachs has hired Salvatore Di Stasi from JP Morgan Chase as a managing director and to head its European equity derivatives group.
JP Morgan reorganisation continues
JP Morgan has promoted Antonio Polverino to head of corporate derivatives marketing in credit, rates and equities. He previously held a similar role, but covered credit and rates only.
BlueBay launches emerging market CDO
London-based BlueBay Asset Management has launched a $350 million emerging market synthetic collateralised debt obligation (CDO).
JP Morgan reorganises credit derivatives business
JP Morgan has reorganised its structured credit business following a number of high level departures.
Credit managers hope for new accounting blueprint
Mark-to-market accounting has frustrated credit portfolio managers at the largest international banks. It’s made their loan books more volatile and their derivatives hedges less efficient. But accounting standards setters may be ready to review the rules…
Credit risk stress tests need more work, says BIS
Leading banks have yet to develop a solid framework for credit risk stress tests that deals with all the likely effects stress events would have on their businesses, according to the latest report by the Bank for International Settlements (BIS).
JP Morgan exotics exodus continues
JP Morgan Chase, which lost its head of exotics Chris French this month, has suffered two further defections from its team that won Risk’s ‘structured product award for innovation’ last year.
JP Morgan CDO marketer departs
Paul Horvath, co-head of European collateralised debt obligation marketing (CDO) at JP Morgan, has left the firm. The remaining CDO marketing co-head, Olrich Masek, will assume Horvath’s responsibilities. Horvath is thought to be joining Merrill Lynch in…
JP Morgan hires accounting specialist
JP Morgan, the US-based investment bank, has hired Suzanne Lloyd as a vice-president in the firm’s equity derivatives division.
FitchRisk to drop Algo op risk product
NEW YORK -- An executive from FitchRisk, the New York-based risk management software firm, has told Operational Risk that the firm plans to drop Algorithmics’ op risk software offering in the wake of its purchase of the Toronto-based software firm.
Cairn hedge fund launch imminent
Cairn Capital, the credit-focused asset management and advisory business, plans to launch its first hedge fund on March 1.
Bloomberg and TradeWeb enter multi-dealer electronic swaps trading fray
Competition in dealer-client electronic euro swaps trading is heating up with the launch of two new 'request-for-quote' (RFQ) multi-dealer interest rates swaps platforms in quick succession.
JP Morgan loses exotics head
JP Morgan Chase’s head of European trading for exotics and hybrids, Chris French, will retire from the firm in early March.
Top credit derivatives marketer departs JP Morgan
Andrew Palmer, global head of structured credit marketing and distribution at JP Morgan Chase in London, has left the bank.
JP Morgan's Daniels Webster to retire
JP Morgan Chase’s global head of market risk and fiduciary risk management, Lesley Daniels Webster, is to retire in February.
Private bankers buying more FX-linked structured products
Private bankers are buying an increasing number of structured products linked to currency movements in a bid to provide more attractive yields to their clients.
Markit signs up 50th Red customer
Markit has signed its fiftieth customer to its reference entity database (Red) for credit instruments. The move means the St Albans-based company has signed up 35 additional clients to Red from its base of 15 institutions in January 2004.
Citibank cut out
The suspension of Citibank’s private banking business by the Financial Services Agency in September has brought to light a catalogue of internal control and governance failures within the bank’s Japanese operations. And with Citi now cut out of the…
We need a Basel Accord that emphasises economic not regulatory capital, says Gilbert
Even before the new Basel Accord, Basel II, is implemented, some risk managers already see a need for a Basel III process to rectify flaws in Basel II.
BNP makes European fixed-income hires
French banking group BNP Paribas has announced two appointments in its fixed-income business servicing German, Austrian and Swiss corporates.