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Stark to head new institutional group at BNP
BNP Paribas has formed a new institutional relationship management group and appointed Talbot Stark to lead it.
New York Fed appoints Dudley chief executive
The Federal Reserve Bank of New York today named William Dudley as its president and chief executive.
Barclays Capital expands executive committee
Barclays Capital has added eight managing directors to its executive committee, after completing the integration of Lehman Brothers' US investment banking and capital market businesses.
Hypo Real Estate names Better CRO
Munich-based property financing firm Hypo Real Estate has named Manuela Better as its new chief risk officer (CRO), effective February 1.
Update: Liquidity check goes live on Scoach
Scoach has launched a new tool for investors to check the quality of market makers for listed structured products online. The system, which is called Quote Quality Metrics (QQM), has been introduced by the Swiss structured products exchange to inject…
Thain departs BoA within a month of merger
John Thain, Merrill Lynch's former chairman and chief executive, is the second investment banking head to leave Bank of America (BoA) since the two banks' merger closed on January 1.
UBS exits exotic structured products business in FICC
UBS is fully exiting its exotic structured products business within its fixed income, commodities and currencies (FICC) division, the bank has confirmed. As part of the restructuring, four senior managing directors have left the bank: Todd Morakis, head…
Citi replaces chairman
Citi has named Richard Parsons, lead director and chair of the board's nomination and governance committee, as the successor to its chairman, Win Bischoff, effective February 23.
UBS exits exotic structured products business in FICC
UBS is shutting down its exotic structured products business within its fixed income, commodities and currencies (FICC) division.
SSE and Iberdrola join forces for UK nuclear
UK utility Scottish and Southern Energy (SSE) has joined forces with Spanish utility Iberdrola to help kick-start the UK's nuclear new build programme. They will begin by securing potential sites for nuclear power stations and work alongside UK…
UBS names Japan country head and Asia vice-chairman
UBS has named Toshiharu Kojima as its first-ever country head for Japan, as well as chairman and chief executive of UBS Securities in Tokyo. Timothy Chia will become Asia vice-chairman of the investment banking division in Singapore.
Marsh appoints Hong Kong chairman
US insurance broker and risk adviser Marsh has hired insurance industry veteran Kenneth Kwok in the newly created role of Hong Kong chairman. His role will include developing new relationships in the local business community and strengthening the…
UK government creates £50 billion ABS fund
The UK government outlined further plans today to try to stabilise the economy and encourage banks to lend more.
SG's Johnson relocates to Paris from Seoul
Nick Johnson has left his role as Seoul-based branch manager of SG Securities, Société Générale's South Korean branch, to become Europe head of the bank's new security and anti-fraud (Safe) department in Paris.
Browne moves from RBC to CIBC
Darcy Browne, previously RBC's head of North American institutional forex sales, has moved to CIBC as head of institutional forex sales.
RBS combines CDO/CLO business with MBS/ABS division in Asia
The Royal Bank of Scotland (RBS) has combined its Asian collateralised debt obligation and collateralised loan obligation business with the mortgage-backed/asset-backed securities (MBS/ABS) product business under Byron Holmes, Tokyo-based head of Asia…
Vattenfall Trading founds shipping company
Vattenfall Trading Services has founded Copenhagen-based shipping company VT Shipping after acquiring three barges and three tugs from a Danish shipping company late last year.
RWE and E.ON team up for UK nuclear projects
German utilities RWE and E.ON have formed a joint-venture to develop new nuclear power stations in the UK.
Deutsche Bank expects €4.8 billion Q4 loss
Deutsche Bank announced on Wednesday it anticipates a €4.8 billion loss in the fourth quarter of 2008, which would mean a full-year loss of €3.9 billion.
Standard Chartered chairman joins UK government
Standard Chartered's non-executive chairman, Mervyn Davies, has stepped down to join the UK government as minister for trade promotion and investment.
SGX appoints Foo head of operations
The Singapore Exchange (SGX) has appointed Benjamin Foo as head of operations.
BIS elects new chairman
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