Commerzbank
Dresdner offers Ucits III-compliant volatility tracker funds
Dresdner Bank’s investment banking unit, Dresdner Kleinwort, and its private bank Kleinwort Benson, plan to launch two new equity volatility tracker funds in the next month. The funds will be listed via Dresdner Kleinwort’s Gresham defined funds platform…
Commerzbank names head of structured credit trading
Mehmet Artun has joined Commerzbank as head of structured credit trading.
Swiss Finance hires former DrKW duo
Independent brokerage Swiss Finance has made two senior additions to its London office. Jason de Clerk has been hired to run the forwards desk, while Sultan Lone joins the firm to run its institutional sales team.
Dresdner launches forex prime brokerage
German bank Dresdner Kleinwort Wasserstein (DrKW) has launched a foreign exchange prime brokerage business, completing its cross asset class prime brokerage offering.
RBC loses two commodity seniors to DrKW
Dresdner Kleinwort Wasserstein (DrKW) has hired two senior executives from Royal Bank of Canada (RBC) to join its commodities desk in London.
IIC launches euro iBoxx ABS index
Frankfurt-based International Index Company (IIC) has launched the iBoxx EUR ABS 50 index, which consists of the 50 largest and most liquid AAA-rated European floating rate asset-backed securities (ABS) and mortgage-backed securities (MBS). Each…
DrKW electronic drive sparks personnel moves
Dresdner Kleinwort Wasserstein (DrKW), the investment arm of Germany’s Dresdner Bank, plans to further separate its credit flow products and digital markets divisions as part of what it calls an effort to expand electronic trading across its business.
BaFin eases clearing house restrictions
BaFin, the German regulator, has removed a requirement for financial institutions to hold capital against transactions with swaps clearing counterparties – a rule that had threatened German banks' use of SwapClear.
GFI hires vom Scheidt from Commerzbank
Interdealer broker GFI has hired Kurt vom Scheidt as a foreign exchange product manager in its data and analytics group of in London as FX product manager. Vom Scheidt joins from Commerzbank in London, where he was global head of markets business…
CSFB buys more German NPLs
CSFB has bought a €300 million loan portfolio from the German mortgage bank Deutsche Genossenschafts-Hypothekenbank (DG HYP).
DrKW builds exotic equity team
Dresdner Kleinwort Wasserstein has added four members to its exotic equity derivatives business. The hires were made to expand the team and the bank's structured products business.
MiFID Winners and Losers
A piece of compliance is presenting firms with such a technology hurdle that industry players are predicting a new host of opportunities.
MarketAxess launches CDS index trading platform
MarketAxess has launched a multi-dealer credit default swap (CDS) index trading service in London and New York. The New York-based company is targeting end-users to use the service.
Dresdner appoints head of retail solutions group
Dresdner Kleinwort Wasserstein (DrKW) has appointed Alberto Garcia Elias to head its newly created retail solutions group in London.
Playing catch-up
The back office has found it difficult to keep up with front-office trading, prompting a warning by the FSA over the level of unsigned confirmations in the credit derivatives market earlier this year. Banks are now looking to improve the automation of…
Deutsche Bank strengthens forex structuring unit
Deutsche Bank has hired two foreign exchange structurers to work in its client strategy and solutions (CSS) group in London.
Commerzbank hires Afaf to head forex options team
Commerzbank Corporates & Markets has hired Nasir Afaf from Rabo Securities as head of foreign exchange options. Afaf was previously Rabo's head of financial engineering in equity derivatives.
JP Morgan bolsters derivatives marketing business
JP Morgan has hired four derivatives marketers for its streamlined derivatives marketing unit, including two managing directors from Deutsche Bank. They are the first significant appointments by the US investment bank since a steady stream of senior…
M&As spark op risk software shuffle
LONDON AND NEW YORK – Mergers and acquisitions are hotting up again in the op risk software industry. Two acquisition announcements in June have set tongues wagging on both sides of the Atlantic about who the next targets will be, and which potential…
Can research reinvent itself?
The provision of credit research to clients is undergoing sweeping reform, as regulatory concerns grow over potential conflicts of interest and banks reassess the value of giving out freebies. Philip Moore examines what this all adds up to for investors
Dresdner launches German carbon dioxide structured product
Dresdner Kleinwort Wasserstein (DrKW) has issued the first German retail structured product linked to the fledgling emissions trading market.
Dresdner hires Silvotti, reshuffles derivatives group
Dresdner Kleinwort Wasserstein (DrKW) has hired Roberto Silvotti from Calyon as head of new product development in its derivatives group.
Dresdner hires Madon to its structured credit unit
Dresdner Kleinwort Wasserstein (DrKW) has hired David Madon as a managing director in its structured credit sales and marketing unit in New York.
iTraxx credit-linked notes launched
International Index Company, the Frankfurt-based firm that administers the European and Asian iTraxx credit derivative indexes, has launched three five-year iTraxx credit-linked notes.