Deutsche Bank
ORX loss database operational by the end of the year
FRANKFURT, GERMANY - The Operational Riskdata eXchange Association (ORX), a not-for-profit venture to pool op risk loss data resources, expects its operational risk database to be operating by the end of 2002, Fred Peemoeller, chief risk officer,…
HSBC sets up NY prop desk
The UK's HSBC has set up a proprieatry foreign exchange trading desk in New York to be run by Dominic Larche.
Deutsche launches first synthetic CDO managed by Asian asset manager
Deutsche Bank has launched a $1.33 billion synthetic collateralised debt obligation (CDO) that will be managed by an Asian asset manager for the first time.
OpenLink introduces Swift messaging capability
OpenLink, a New York-based trading and risk management software company, has released its Open Settlement Solution - an integrated Society for Worldwide Interbank Financial Telecommunication (Swift) messaging capability for its Findur system. Evaluating…
FXall hires marketers from former rival Atriax
Two former employees of defunct multi-bank FX tradingportal Atriax were last week hired by rival portal FXall. Keith Hill joins FXall in London as head of Europe, Middle East and Africa sales, while Michelle Bachmann-Love was made head of North America…
Lehman Brothers hires head of Japan fixed-income sales
Lehman Brothers has hired Tetsu Serizawa as managing director and head of fixed-income sales in Japan.
Op Risk Looks Back... To the 18th Century
The 300-year-old statistical methods of Thomas Bayes are experiencing a renaissance.
Looking to the new horizon
Can a firm cut costs while increasing operational risk controls? This is just one of the many challenges facing the investment industry.
RiskMetrics expands CreditGrades to include Japan
RiskMetrics Group, the New York-based software company, has expanded its CreditGrade risk measurement system in Asia to include data on Japanese firms.
Deutsche hires FX quant Pillitteri
Deutsche Bank has hired Giovanni Pillitteri as a London-based quant for its foreign exchange structured trading team.
New credit structures appear in Asia
A handful of banks have begun marketing increasingly complex credit structures to yield hungry institutional investors in Asia, amid low interest rates and under-performing stock markets around the region.
Deutsche Bank forex up 15%
In line with its top-tier rivals, Deutsche Bank has bucked the mid-tier trend of lower forex earnings from reduced market volatility, to report a 15% increase in first-half FX profits.
Credit Markets Update: Traders see rush for protection on European bank debt
Traders have seen a big increase in demand for debt protection on European bank debt, following a string of results announcements that saw a big increase in bad debt provisions, along with disappointing profits at European banks.
Deutsche names Bausano head of hedge funds unit
Deutsche Bank has appointed Barry Bausano as managing director and global head of hedge funds in its New York global markets division.
BBSP launches FX implied volatility forecasting
French technical analyst forecasting company BBSP has launched a service that charts and forecasts implied volatilities for currencies, officials at the firm said.
Deutsche hires Asian securitisation head
Deutsche Bank has hired Raj Shourie to head its Asia ex-Japan securitisation group, say bank sources.
Deutsche hires European head for structured capital markets
Deutsche Bank has hired Matt Press as managing director and European head of structured capital markets within its global markets unit. The hire is a newly created position, said a Deutsche spokeswoman.
Risk 2002 USA: Deutsche’s Kühborth says op risk is about managing people
Deutsche Bank managing director for operational risk, Gerd Kühborth, told delegates at Risk magazine’s Risk 2002 USA conference late yesterday that effective operational risk boiled down to sound people management.
Mean-reverting smiles
Commodity markets such as crude oil exhibit mean reversion as well as option smiles. David Beaglehole and Alain Chebanier meet this challenge, constructing a model suitable for pricing exotic options in these markets
Long or short in CDOs
Masterclass with Deutsche Bank
Dealers blast multi-bank FX portals
The future looks bleak for the remaining multi-bank foreign exchange trading portals, according to delegates at the sixth annual ACI European Congress in Luxembourg last week.
Lehman boosts fixed-income team in Tokyo
Lehman Brothers has made two new hires to its fixed-income derivatives team in Tokyo. The US investment bank named Jeremy Martin as head swap trader, and Atsushi Ikeno as senior structurer and marketer. They both report to Satu Parikh, Lehman's head of…
Deutsche to offer ALM research
Deutsche Bank has hired David Prieul and Vladyslav Putiatin from Lehman Brothers to provide asset liability management (ALM) strategy research to its customers.
TriOptima's euro rates swaps tear-up planned via the Net
The first major interest rate swaps tear-up planned through TriReduce – a system developed by Sweden’s TriOptima – will take place via the internet later in the year, TriOptima founder and director Derk Brouwer told RiskNews .