People
Changing Hats
Changing Hats
On the move
People
Ice Clear Europe launches CDS clearing
Ice Clear Europe, the facility set up by Atlanta-based central counterparty (CCP) IntercontinentalExchange (Ice) for the clearing of European credit default swaps (CDS), has obtained regulatory approval and started clearing operations.
New head for CME's proposed European clearing house
The Chicago Mercantile Exchange (CME) has named Andrew Lamb as chief executive of its European clearing house, CME Clearing Europe, subject to regulatory approval of the venture.
Credit Suisse builds up commodity indexing business with three hires
Credit Suisse has made three new hires in its commodities business, including Dan Raab, who formerly looked after the global development of American International Group's (AIG) commodity index. The bank has tapped Merrill Lynch for the remaining hires,…
Cooksey to manage UK government's stakes in banks
David Cooksey will join UK Financial Investments (UKFI), the company set up to manage the government's stakes in UK banks, as chairman on August 1.
BarCap expands Asia forex team
Barclays Capital has made a number of new hires for its Asian foreign exchange business, including Ivan Ferraroni as head of forex bank sales for the Asia-Pacific region.
New EMEA FICC head for Bank of America Merrill Lynch
Sanaz Zaimi will join Bank of America Merrill Lynch as head of fixed income, currencies and commodities (FICC) sales for Europe, the Middle East and Africa (EMEA) in early 2010.
New heads of prime brokerage and listed derivatives at UBS
Stuart Hendel and Mitch Moore have joined UBS as global head of prime brokerage and global head of exchange-traded derivatives, respectively.
Regulatory turf war hits Congress
A battle for influence among US financial regulators broke out in Congress on July 24, as they testified before a Congressional committee on the merits of the Obama administration's proposals for regulatory reform.
RBC Wealth Management adds Afzal for structured notes
Wasim Afzal has joined RBC Wealth Management as manager to its structured notes and fixed income, advisory team. Afzal will be responsible for developing the structured notes offering for its high net worth (HNW) and ultra HNW clients
Billions more deficit for PBGC after GM bankruptcy
The bankruptcy of General Motors has left the pension schemes of the company's bankrupt supplier Delphi in the hands of the US Pension Benefits Guaranty Corporation (PBGC) - adding an estimated $6.2 billion to the corporation's already massive deficit.
SIM takes from Barclays Capital for team expansion
Structured Investment Management (SIM) in New York has made three new hires in an expansion of its team. The new appointments include Mark Graham as executive vice-president of structured finance, who was previously head of corporate solutions and hybrid…
Source adds three to bolster European presence
Source, the exchange-traded product (ETP) distributor, has made three new hires to its European sales team as part of its expansion effort. The open architecture provider has ensnared individuals from Lyxor Asset Management, ETF Securities and Unicredit…
JP Morgan rejigs equity derivatives unit
JP Morgan has rotated and promoted a number of key staffers in its Asian equity derivatives unit, with severalrelocating to the UK and US.
Doubt over Fed’s ability to limit systemic risk
The Obama administration’s proposals for safeguarding the financial system place the US Federal Reserve at the heart of a new regulatory regime for systemic risk, but some former regulators are sceptical of the Fed’s ability to carry out the job.