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Tullett Prebon brokers first physical fuel grade ethanol trade
Inter-dealer broker Tullett Prebon’s biofuel desk has completed its first trade in physical fuel grade ethanol.
BNP Paribas expands in London fund derivatives sales
BNP Paribas has appointed two salespeople to its fund derivatives sales team within its equities and derivatives division in London.
Credit Suisse boosts equity derivatives in Germany
Credit Suisse has appointed Oliver Groeteke, Wolfgang Faust and Dirk Bombe to add to its equity derivatives sales team in Frankfurt. The three new staff arrive from Deutsche Bank, where they worked on the institutional equity derivatives sales desk,…
BNP Paribas adds fund derivatives sales in London
BNP Paribas has appointed Stephane Berthet and Frederic Cezard in its fund derivatives sales team within its Equities & Derivatives division in London.
New deputy chairman at Tradition
French interdealer broker Tradition has named Bruce Collins as its new deputy chairman.
€4.9 billion fraud at Société Générale
Société Générale has suffered a €4.9 billion loss from rogue dealing by one of its equity index futures traders, forcing it into a €5.5 billion rights issue.
Shake-up at SG follows rogue trader losses
Top management at Société Générale has been reshuffled in the wake of the rogue trades which cost the bank €5 billion in losses this month.
Questions remain over SG rogue trader
In a conference call this morning, Société Générale's chairman, Daniel Bouton, attempted to explain how the bank came to suffer losses of almost €5 billion from a single rogue trader on its equity index futures desk, but left many questions unanswered.
Man Investments opens Singapore office
Man Investments, a London-headquartered alternative investments manager with $71 billion under management, today opened an office in Singapore. Tim Peach, head of sales for South-east Asia, will relocate from Hong Kong to lead the Singapore team.
Calyon names credit head
Neal Neilinger has joined Calyon in London as global head of the credit business, part of the bank's debt and credit markets division. He will report to the global head of debt and credit markets, Jim Siracusa.
Schueler leaves Deutsche
Marcus Schueler, head of integrated credit marketing at Deutsche Bank, has left the bank.
Nazareth resigns as SEC commissioner
The Securities and Exchange Commission (SEC) has confirmed that commissioner Annette Nazareth will step down from her role at the US regulator at the end of the month.
Commerzbank launches UK and Ireland sales
Commerzbank Corporates & Markets (CBCM) has launched a UK and Ireland Financial Institutions Marketing (FIM) sales team which includes two new hires, Eugene Collins and Steven Muzzlewhite. The initiative marks the expansion a European structured products…
CFTC appoints regional administrators
The Commodity Futures Trading Commission (CFTC) has appointed three members of its staff as regional administrators, as part of a plan to improve communication among all CFTC locations.
Kookmin merges risk and finance units, promotes CRO
Seoul-based Kookmin Bank combined its risk management and financial management groups as of January 1 and promoted chief risk officer (CRO) Donald MacKenzie to chief financial officer (CFO) and head of the newly merged group.
SIFMA gains new CEO
The Securities Industry and Financial Markets Association (SIFMA) has hired Timothy Ryan as its chief executive, replacing Marc Lackritz.