JP Morgan
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.
More banks get China derivatives licences
More banks have won approval to trade derivatives onshore in China, with JP Morgan Chase and UFJ among the latest to be given the go-ahead from the China Banking Regulatory Commission (CBRC).
BoA loses French corp sales dealer
Olivier Brouet has left Bank of America (BoA) in London, where he worked in FX sales to French corporates, reports FX Week , Risk ’s sister publication.
JP Morgan backs TradeWeb launch of multi-dealer swaps platform
Thomson TradeWeb will launch a multi-dealer interest rate swaps trading platform in Europe at the beginning of 2005, and has received the support of JP Morgan Chase - the bank that dominated Risk ’s inter-dealer swaps rankings in September
Bank of America replaces securities head
Bank of America has hired Mark Werner from JP Morgan Chase to replace Jon Sandelman as its head of debt and equities division.
The Compliance Pain
Increasing regulatory oversight and static IT budgets create compliance headaches for the CIOs and CTOs of DrKW, Evergreen Investments, and JPMorgan Investor Services.
The Compliance Pain
Increasing regulatory oversight and static IT budgets create compliance headaches for the CIOs and CTOs of DrKW, Evergreen Investments, and JPMorgan Investor Services.
SG expands Italian derivatives business
SG, the investment banking unit of French bank Société Générale, has expanded its institutional derivatives sales force in Italy by merging its equities arm with its interest rate and credit divisions.
Cairn Capital adds asset-backed specialist
Cairn Capital, a London-based advisory and investment firm specialising in structured credit, has hired Jenna Collins as an analyst. Collins, who will join Cairn in November, was an asset-backed securities analyst at Merrill Lynch in London.
Deutsche sues JP Morgan Chase over credit team defections
Deutsche Bank has filed a lawsuit against JP Morgan Chase and two of the German bank's former employees following the defection of senior Deutsche Bank staff to the US bank more than a month ago.
JP Morgan Chase launches Asian currency index
JP Morgan Chase and market data vendor Bloomberg have teamed up to launch a tradable index of currencies from Asian emerging markets.
Deutsche reorganises credit unit after defections to JP Morgan
Deutsche Bank is to reorganise the management of its collateralised debt obligation (CDO) business for the second time in six months. The move comes a month after JP Morgan Chase poached a number of the German bank's senior staff, although a Deutsche…
Seduced by CDOs
The insurance arm of the Italian Post Office has been the country’s leading issuer of capital-guaranteed equity investments based on CDOs – portfolios of securitised debt. But when the underlying CDOs were downgraded, the retail products suffered too
JP Morgan Chase’s Dublon retires
Dina Dublon, chief financial officer at JP Morgan Chase, will leave the bank she has worked at for 23 years. She will be replaced by former Bank One executive, Michael Cavanagh, who is a close associate of Jamie Dimon, the combined group’s chief…
DTCC expands matching and confirmation services
The Depository Trust and Clearing Corporation (DTCC) is to expand its matching and confirmation facility, dubbed Deriv/Serv, to include equity derivatives.