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Re-evaluating valuation
Subprime mortgage woes continue to send shudders through the markets. Rising delinquencies, rating downgrades and falling prices have left investors with huge losses on CDO of ABS investments. The losses have revealed discrepancies in the valuation of…
Moving to convergence
Risk Management
The untenable robustness of hedging
Credit indexes
Dresdner makes hires in rates flow trading
Dresdner Kleinwort has added a number of staff in rates flow trading, including a new head of interest rates flow trading.
CFTC loses chief economist
James Overdahl, chief economist at the US Commodity Futures Trading Commission, has resigned to take a post at the Securities and Exchange Commission.
Nomura dissolves US structured finance research team
Nomura Securities has laid off the three remaining members in its New York-based structured finance research division and transferred two others. Among those let go was Mark Adelson, who spent six years at the firm as its head of structured finance…
Credit Suisse boosts debt-financing team in Asia
Credit Suisse has expanded its debt-financing team for Asia ex-Japan, with 12 hires in Hong Kong.
Solent brings in CFO
Solent Capital Partners, the London-based collateralised debt obligation and hedge fund manager, has hired Desmond Dundon as its chief financial officer, from Merrill Lynch.
ICE names president and chairman for Ice Clear Europe
The Atlanta-based Intercontinental Exchange (Ice) has appointed new management staff for its London-based European clearing house, Ice Clear Europe.
Auditors more involved in risk management
Daily news headlines
JP Morgan hires retail structured products coordinator in Asia
JP Morgan has hired Paul Goodman from Deutsche Asset Management in Hong Kong as head of a newly formed coordinator of complaince for its retail structured product and equity derivatives group. Goodman reports to William Lee, head of equity derivatives…
BNP Paribas boosts commodity derivatives team
BNP Paribas has made a number of hires to boost its commodity derivatives team in London and New York. London-based Jose Cogolludo, who joined from JP Morgan last week, is now BNP Paribas’s global head of sales and marketing for commodity derivatives.
BNP Paribas further expands commodity derivatives team
BNP Paribas has made nine new appointments to its commodity derivatives team in London and New York. These hires follow that of Jose Cogolludo, global head of sales and marketing, commodity derivatives, who joined from JP Morgan last week.
SSGA expands London team
State Street Global Advisors (SSGA), the investment management arm of State Street Corporation, has made several appointments to its London portfolio management teams, reflecting the expansion of the company’s UK business.
Trade bodies release structured product principles
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ISDA Appoint Deputy CEO
The International Swaps and Derivatives Association (Isda) has appointed George Handjinicolaou as deputy CEO and regional director for Europe, the Middle East and Africa (Emea).