JP Morgan

BoA hires mainland China head

Bank of America (BoA) has hired Helen Pun as managing director, head of mainland China for bank and non-bank financial institutions. Based in Hong Kong, she assumes responsibility for marketing structured and cross-border products across the mainland…

Lepus lists op risk leaders

US firm OpRisk Analytics, Canada-based Algorithmics, and UK company Raft International are leading the operational risk vendor market, according to a report published in January by management consultancy Lepus.

Top dealers plot ‘Project Red’ revival

The backers of ‘Project Red’, a credit derivatives reference entity database (Red) set up by top dealers Deutsche Bank, Goldman Sachs and JP Morgan to remove basis risk in credit trading, have conditionally agreed to sell the service to UK credit risk…

Lau-Hansen named marketing head at Primus

Primus Financial Products, an AAA-rated company offering credit risk protection on investment grade corporates, financials and sovereigns, has hired Candace Lau-Hansen from JP Morgan Chase as its new global head of marketing.

Westpac launches CDO of CDOs

Australian bank Westpac has closed a $1.25 billion synthetic collateralised debt obligation (CDO) backed by a pool of structured finance transactions. The deal, arranged by JP Morgan Chase, is thought to be the first such structure issued in Asia-Pacific.

US Senate calls for structured finance probe

The structured finance businesses of leading financial institutions in the United States are set to face a major business practice investigation during the next six months, with top US regulators set to introduce a new code of governance for structured…

JP Morgan Chase takes $400m surety bond hit

JP Morgan Chase has settled its high-profile legal dispute with 11 of the world’s leading insurers, over payment of surety bonds issued by the insurers that guaranteed prepaid commodity forward contract obligations between now-bankrupt energy trader…

Credit and credibility

Credit risk modellers have made giant strides, but they still have to convince regulators that they can make the world a safer place.

JP Morgan launches LSE-listed certificates

JP Morgan has launched the first listed certificates registered on the London Stock Exchange (LSE), targeted at retail investors. The move follows the launch in November of covered warrants in the UK.

Deutsche Bank seeks plays on EU convergence

Deutsche Bank has launched a Central European foreign exchange (CEFX) convergence index designed to provide optimally weighted risk/return exposure to the Polish, Hungarian, Czech and Slovakian currencies. The index is tradable as a spot currency, with…

CLS Is Live. What Next?

CLS participants breathed a huge sigh of relief when the long-awaited system launched successfully. Is anyone ready to start expanding the system to new products?

Kosda to launch benchmark CMS index

The Korean Swaps Dealers Association (Kosda) plans to launch a benchmark constant maturity swap (CMS) fixing index in December, according to Seung Won Hwang, head of derivatives marketing at Citibank and co-chairman of Kosda.

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