Thursday, 18 September 2014
Last updated 16 sec ago
Jul 20 2009 | 10:51am ET
The prime brokerage arms race continues apace, as Citigroup continues to flex its hiring muscles.
The troubled banking giant has made its seventh senior hire this year for its prime finance unit. Ian Maynard has been named head of trading at Citi’s prime brokerage, Financial News reports.
Maynard joins from Nomura International, where he was executive director of equity finance trading in London.
At Citi, Maynard joins such newcomers as Alan Pace, the former Lehman Brothers prime brokerage executive named head of prime brokerage in the Americas in April, newly-minted head of client-facing technology Norman Escoffery and head of product development Sean McGInty, both also formerly of Lehman, and new head of sales Christopher Greer. All told, Citi has made about 18 new hires for prime finance this year.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.