JP Morgan
Japan regulator issues administrative action against JP Morgan Chase
Japan’s Financial Services Agency (FSA) has issued an administrative action against the Tokyo branch of JP Morgan Chase requesting it improve its compliance and internal controls. JP Morgan Chase is requested to “submit the Business Improvement Plan to…
CSFB recruits equity derivatives marketer
Credit Suisse First Boston (CSFB), the investment banking arm of Zurich-based financial services company Credit Suisse Group, has hired Stephen Roti as managing director and head of US corporate equity derivatives marketing, within the equity-linked…
New York meeting brings iBoxx and Trac-x merger closer
The banks behind the iBoxx CDX credit derivatives indexes have agreed on points that could herald a merger between the index and its big rival, the Dow Jones Trac-x index, following a meeting in New York, reports Risk’s sister publication Credit .
Winters and Masters rise in JP Morgan Chase reshuffle
Two long-standing JP Morgan derivatives veterans, Bill Winters and Blythe Masters, have received additional responsibilities at JP Morgan Chase, following a reshuffle at the US bank.
Frost quits JP Morgan Chase
Tim Frost, European head of credit sales and trading at JP Morgan Chase, has resigned to pursue other interests. Frost joined JP Morgan in 1995 and helped his firm become a dominant force in the fast-growing credit default swaps market. By the time of…
Lehman hires Tilroe for European derivatives marketing push
New York-based Lehman Brothers has hired Jason Tilroe as managing director heading up marketing of fixed-income derivatives to corporate and public sector clients in Europe. It is a new position created by the bank’s expansion in European derivatives…
NYCC to offer CLS services
Two firms have signed up for the new continuous-linked settlement (CLS) service of the New York Clearing Corp (NYCC), the clearing house for the exchange markets of the New York Board of Trade (Nybot), reports RiskNews ' sister publication Trading…
Creditex launches electronic trading of CDS indexes
Credit derivatives broker Creditex has launched electronic trading of credit default swaps (CDS) indexes.
Barclays appoints group risk director
UK banking conglomerate Barclays has appointed Robert Le Blanc as group risk director, succeeding Rob Nimmo, who is due to retire.
Standard Bank takes on structured product marketers
Standard Bank London (SLB) has hired Rupert Boyd from Morgan Stanley and Michele Maffei from JP Morgan Chase for its sales and structured products marketing teams.
Bank of Israel signs up for SuperDerivatives
The Bank of Israel, Israel’s central bank, has adopted UK-based technology vendor SuperDerivatives' foreign exchange option pricing and analytics system.
Bracing for Basel
When international banking supervisors met in Basel, Switzerland in 1999 to propose a new framework for capital adequacy, they set in motion the biggest shake-up of the decade as to how banks measure risk and allocate capital. The new proposals, called…
Morgan Stanley forex co-head retires
Morgan Stanley has made Philip Newcomb sole global head of foreign exchange, following the retirement of Peter Murray at the end of January, reports Risknews ' sister publication FX Week . Murray, who was based in London, and Newcomb, based in New York,…
Barclays Capital strengthens in forex sales
Barclays Capital has hired two directors to work in the foreign exchange sales team. The UK-based bank said it would focus on broadening US corporate sales coverage.
More banks putting capital into research
ABN Amro and Barclays Capital are among the increasing number of banks putting money on their trade recommendations for foreign exchange, reports Risknews’s sister publication FX Week . Both have allocated money to start trading on model portfolios this…
Laying down the law
The debate surrounding the publication of market reform proposals by a group of leading bondholders – the so-called Group of 26 – is hotting up. Issuers have reacted negatively to what has in effect amounted to a series of ultimatums. Laurence Neville…
JP Morgan Chase appoints new Asian structuring head
JP Morgan Chase has appointed Kim Hong as head of its Hong Kong-based investor clients group for Asia ex-Japan and the structured finance/ structuring and solutions group for Asia, including Japan.
Brickell’s name withdrawn as candidate to head Ofheo
Mark Brickell, a derivatives expert who was set to become the head of the Office of Federal Housing Enterprise Oversight (Ofheo), has withdrawn his name from consideration for the post. Brickell formally requested President George Bush withdraw his name…
Parsley joins PNC
William Parsley - former head of the global books trading group and co-head of North American interest rates trading group at JP Morgan Chase – has joined the PNC Financial Services Group as treasurer and chief investment officer.
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.
JP Morgan Chase set to increase lead as largest US derivatives bank
JP Morgan Chase, the bank with the largest exposure to derivatives in the US, is set to increase its lead with the takeover of Bank One. The derivatives exposure of the combined banks will approach $35.5 trillion, nearly 54% of the combined value of the…
Standard Chartered poaches JP Morgan Chase veteran
Standard Chartered has hired JP Morgan Chase veteran Richard Leighton as global head of foreign exchange options in London.
JP Morgan's co-head of European equity derivatives marketing joins Merrill Lynch
JP Morgan Chase’s co-head of European equity derivatives marketing for corporates, Cristina Garcia-Peri, has left the bank to join Merrill Lynch.
Dow Jones unveils Trac-x Europe high-yield index
Dow Jones Indexes today gave details of the portfolio for the new Dow Jones Trac-x Europe high-yield index. The index consists of the 25 most liquid European high-yield credit default swaps, and contains many well-known names such as British Airways,…