Societe Generale

SG appoints head of European cash CDOs

French investment bank SG, which is part of Société Générale, has appointed Teimuraz Barbakadze from Merrill Lynch as its head of European cash collateralised debt obligations (CDOs).

Hedge funds post positive results

The Hennessee Group, a New York-based investment adviser that consults hedge fund investors and monitors hedge fund managers, reported a return of 0.49% for hedge funds in June, bringing the 2004 year-to-date (YTD) return to 2.28% for the Hennessee Hedge…

SG promotes fixed income and derivatives chief

SG, the corporate and investment banking arm of French bank Société Générale, has promoted Grégoire Varenne to head of fixed income and derivatives, commodities and treasury for Europe and Asia.

SG strengthens equity derivatives sales

SG, the investment banking arm of Société Générale, has appointed Fredrik Langley and Raman Khosla to its equity derivatives structured products sales team in London. Both take the title executive director, a new position within the group.

DrKW hires six in hedge fund sales

Dresdner Kleinwort Wasserstein (DrKW), the investment banking arm of Dresdner Bank, has made six additions to its hedge fund sales team in recent weeks. All six take the title of director and will be based in London.

SG creates flow-trading team

SG, the investment banking arm of French bank Société Générale, has created a flow-trading team, appointing Peter Lindsey as its head.

IASB to create advisory group

The International Accounting Standards Board (IASB) is investigating the establishment of an advisory forum, following comments from euro official Frits Bolkestein last month that standards for the treatment of derivatives are still unsuitable for…

ING exits Asian equities

ING Group is currently in talks with Australia’s Macquarie Bank over the sale of its Asian equity sales, trading, research and equity capital markets businesses. The bank plans to retain its equity derivatives business in the region.

SG bolsters European credit business

SG, the investment banking arm of French bank Société Générale, has appointed Michel Granchi as director of credit sales. He will be responsible for developing the bank’s hedge fund business.

IIF makes further demands of Basel Committee

The Institute of International Finance (IIF), a Washington, DC-based trade association of more than 350 banks, has sent a letter to the Basel Committee on Banking Supervision asking for further concessions in the final Basel II document.

Shrinking cost of foreign exchange options

The cost of buying currency options has come down only "moderately" for clients in recent weeks and months, said options specialists interviewed by Risk’s sister publication FX Week . But in terms of the increased risk protection they currently provide…

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