HSBC
HSBC’s forex chief retires as bank makes highest-ever forex profits
Rob Loewy, head of foreign exchange at HSBC for the past 15 years, retired last week as the bank announced its highest-ever dealing profits for foreign exchange.
HSBC signs up for Norkom risk software
HSBC has bought the Alchemist risk management system from Dublin-based software company Norkom Technologies.
HSBC signs up for Norkom risk software
HSBC has bought the Alchemist risk management system from Dublin-based software company Norkom Technologies.
More banks putting capital into research
ABN Amro and Barclays Capital are among the increasing number of banks putting money on their trade recommendations for foreign exchange, reports Risknews’s sister publication FX Week . Both have allocated money to start trading on model portfolios this…
BNP Paribas recruits in metals trading team
French bank BNP Paribas has recruited Russ Plackett as a senior metals trader to work in its London office.
Charles-Henri Filippi set to head CCF
Charles-Henri Filippi is set to become the new chairman and chief executive of CCF, the French arm of UK-based bank HSBC, following the retirement of current boss Charles de Croisset at the end of February.
BOCI launches CLNs for retail investors in Hong Kong
Bank of China International (BOCI) has launched its first credit-linked investment product for Hong Kong’s retail investors.
Standard Chartered poaches JP Morgan Chase veteran
Standard Chartered has hired JP Morgan Chase veteran Richard Leighton as global head of foreign exchange options in London.
Westpac expands foreign exchange sales
Dorene Mallon has joined Westpac in New York today as a senior vice-president in institutional foreign exchange sales. She reports to David Beale, global head of institutional sales at the Australian bank in London.
ABN Amro continues derivatives build-up
ABN Amro has hired two foreign exchange derivatives marketing managers in the latest stage of its ongoing derivatives business expansion.
HSBC closes $380 million synthetic balance sheet securitisation
HSBC has closed a HK$3 billion ($380 million) synthetic balance sheet securitisation transaction backed by its taxi and public light bus hire purchase agreements. It is the first synthetic transaction backed by such asset classes in Asia.
Algo to release flagship Basel II-compliant system in January
Canadian risk management systems vendor Algorithmics will release version 4.4 of its Algo Suite flagship product on January 15.
Algo to release flagship Basel II-compliant system in January
Canadian risk management systems vendor Algorithmics will release version 4.4 of its Algo Suite flagship product on January 15. Its enterprise-wide risk management system will include all the features necessary for Basel II regulatory capital reporting,…
Banks back FXall prime brokerage messaging hub
Currency trading portal FXall has secured the support of seven leading banks to develop a shared messaging hub for notification of prime brokerage deals.
HSBC hires three for structured products business
HSBC has bolstered its structured products business in Asia, with the addition of new hires from three of its regional rivals, Citigroup, Deutsche Bank and JP Morgan Chase.
HSBC USA adopts Calypso for equity derivatives
HSBC Bank USA has extended its use of Calypso Technology’s trading and processing platform to include equity derivatives products.
Deutsche names new structured products head
Marc Badrichani has joined Deutsche Bank in London as head of the corporate structuring group for Europe.
Deutsche hires Blyth to run rates arbitrage unit
In the latest example of a growing industry trend, Deutsche Bank has set up a new proprietary trading unit, to be run by Stephen Blyth, which will specialise in interest rates' relative value and arbitrage. Europe is currently believed to be particularly…
HSBC recruits global head of currency options
HSBC has hired Matt Desselberger from Deutsche Bank as its global head of currency options. He succeeds Martyn Brush, who will serve in a new position as head of derivatives business management, responsible for the operational side of the derivatives…
HSBC appoints investment banking and markets co-heads
HSBC last week announced the appointment of Stuart Gulliver as co-head of the corporate, investment banking and markets business (CIBM), responsible for foreign exchange, fixed income, syndicated loans, structured credit, precious metals, equities and…
Hong Kong banks ready SARS contingency plans
Banks are readying contingency plans for FX trading in Hong Kong, as a potentially fatal pneumonia virus grips the trading centre.
Hong Kong banks ready SARS contingency plans
Banks are readying contingency plans for FX trading in Hong Kong, as a potentially fatal pneumonia virus grips the trading centre.
HSBC appoints new global markets heads in Hong Kong
Paul Hand and Anita Fung, HSBC’s head of sales and head of trading respectively in the bank’s treasury and capital markets team in Hong Kong, have been appointed co-heads of global markets, Asia-Pacific.
Continuous-linked settlement: Extending to Asia
Continuous-linked settlement – the initiative designed to eliminate forex settlement risk – went live at the end of last year. But with only Australia and Japan represented in the first batch of currencies, what will CLS mean for Asia’s banks?