Canadian Imperial Bank of Commerce (CIBC)

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.

BNP Paribas makes structured rates hire

BNP Paribas has hired Kara Lemont Sportelli for its fixed-income derivatives structuring group. Lemont Sportelli will focus on engineering exotic interest rate and hybrid derivatives products for investors and liability managers. She is based in London…

Weasel parade

Investment bank CIBC has been found guilty of multiple counts of deception in underwriting a bond deal for cosmetics company Renaissance. Linda Corman reports on the evidence that emerged from the court case.

Turnbull quits Lehman for return to academia

Renowned quant Stuart Turnbull has left Lehman Brothers' fixed-income research group to return to academia. Turnbull has accepted the Bauer Professor of Finance chair, Bauer College of Business, at the University of Houston.

AIG hires risk manager in New York

Paul Stubbs will join AIG Trading Group in Greenwich, Connecticut, as a vice-president in foreign exchange and commodity risk management. He will report to Mark Balfan, senior vice-president and global head of market risk management.

Prmia forms academic advisory council

The Professional Risk Managers’ International Association (Prmia) has created an academic advisory council in a bid to further the integration of risk management theory and practical application.

The Basel Accord: A tough nut to crack

Crafting a capital charge for operational risk has proven to be a project fraught with controversy. International regulators’ first attempt raised the industry’s hackles. David Keefe reports on recent – and further expected – compromises by the Basel…

Basel bonds Canada

The largest Canadian banks have banded together to share default data, making it much more likely they will all qualify for the most advantageous regulatory capital approach under the Basel II capital Accord.

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