HSBC
HSBC launches retail hedge fund in Hong Kong
HSBC Asset Management today launched its first fund of hedge funds product to retail investors in Hong Kong.
Measuring the operational risk of fund valuation companies
How can we model the losses due to operational risk in asset management? The loss process approach provides an answer specifically suited to this question for the fund valuation business and is in line with the work in progress of the Basel Committee on…
Schroders to enter HK retail hedge fund market
Schroders Investment Management plans to launch its flagship fund of hedge funds products in Hong Kong, says Nicholas Chalmers, associate director in the alternative investment group at Schroders in Hong Kong. The move follows regulatory changes last May…
HSBC hires new North American head of FX sales and trading
HSBC has hired Ben Welsh as managing director and head of foreign exchange sales and trading for North America. Welsh joins HSBC from Goldman Sachs’ New York office, where he was head of foreign exchange spot and forward trading.
Citi merges forex and rates businesses
Citigroup has merged foreign exchange with derivatives and interest rate products to form its new global rates and currencies group.
Credit protection for European telecoms continues to tighten
The cost of credit protection for European telecoms continued to tighten this week, led by France Telecom and boosted by an S&P upgrade for the Netherlands' KPN yesterday. Elsewhere in Europe, spreads remained tight with little movement, including those…
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.
Citigroup, Deutsche Bank and UBS Warburg dominate FX derivatives in FX Week awards
Citigroup, Deutsche Bank and UBS Warburg led the FX forwards and FX options categories in FX Week’s awards again this year, confirming their dominance in derivatives.
Mistry joins Native American Securities
Azam Mistry, HSBC’s former director of risk management advisory in Asia-Pacific, has re-emerged at Native American Securities in New York as its new head of derivatives marketing and sales.
ING provides cross-currency swap for Samsung Card ABS
The Netherlands' ING Bank will provide the cross-currency swap for South Korean consumer finance company Samsung Card’s $400 million of cross-border asset-backed securities, said a spokeswoman for the Korean company.
JP Morgan signs up 18 CLS third-party customers
JP Morgan Treasury Services, a unit of JP Morgan Chase, has signed up 18 third-party service customers to allow them access to continuous linked settlement (CLS). The third-party service contracts allow counterparts to settle their foreign exchange…
JP Morgan Chase snatches Asia Risk’s house of the year award
JP Morgan Chase has won RiskNews ' sister publication Asia Risk 's derivatives house of the year award, while also picking up its prize for credit derivatives house of the year – an accolade it has held since the magazine began publishing its awards…
New head of European FX derivatives marketing for HSBC
HSBC has appointed Ferruccio Ferrara from Deutsche Bank as European head of FX derivatives marketing.
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.
HSBC appoints London head of structuring for conduit securitisation
HSBC has appointed Craig Squire as head of structuring for London conduit securitisation, which involves the repackaging and securitisation of a number of asset pools via a single company, rather than the traditional use of special-purpose vehicles.
HSBC hires CSFB’s global head of structuring
HSBC has appointed Chris McHugh, former global head of structuring at CSFB, as European head of foreign exchange derivatives structuring.
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.
HSBC hires new head of risk management advisory for Asia-Pacific
HSBC has hired Ivan Wong from Citigroup as head of risk management advisory for the Asia-Pacific region, according to a source at the bank.
HSBC boosts HK derivatives team
HSBC has bolstered its structured derivatives team in Asia with the appointment of Ka Lok Chau from Crédit Agricole Indosuez in Hong Kong. Chau will focus on product development and pricing models, according to John Flint, head of regional fixed-income…
HSBC to bolster Asian structured derivatives operation
HSBC is to expand its structured derivatives team in Asia in an attempt to leverage off its interest rate and currency swaps business.
Risk financing might solve doubts over op risk insurance
LONDON - Combining risk transfer with risk financing might be one way of resolving regulator doubts about the use of insurance to mitigate operational risk under the proposed Basel II accord.