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Law firm Sidley Austin has added Antony Bryceson to its London office as counsel in the investment funds, advisers and derivatives practice.
Bryceson will focus his practice on advising clients on prime brokerage, custody, securities lending, repurchase and OTC derivatives trading agreements and structured transactions involving derivatives.
Bryceson will work closely with the firm’s funds, structured finance and derivatives practices in London, and with Sidley’s prime brokerage practice in the US, to provide integrated New York and English law capability in relation to prime brokerage and trading documentation issues.
London partner Bruce Gardner (pictured) says: “Antony has a leading reputation in
2100 Xenon Group, a Chicago-based commodity trading adviser, has appointed E. Bruce Mumford as director of marketing and client services.
He reports to Jay Feuerstein (pictured), chief executive officer.
Mumford is responsible for developing and executing the firm’s global institutional and retail marketing strategies and for client relations.
Prior to joining 2100 Xenon, Mumford was founder and managing partner of Mumford Capital Partners, a financial services consulting and advisory firm founded in 2004. His client base included global investment banks, futures commission merchants, proprietary trading groups, hedge funds and private equity firms.
Previously, he was president and chief
Otkritie, the Russian brokerage, has signed up MDM Bank’s FX and money markets team in Moscow.
The six-strong team is responsible for global currency markets foreign exchange operations, lending and borrowing activities on the interbank market domestically and worldwide, including repurchase agreements.
The team, each of whom have a minimum of 15 years experience in the international money markets, is as follows:
• Sergey Kerch has become the head of FX and money markets at Otkritie
• Sergey Vandysh has been appointed as councillor of the head of FX and money markets
• Petr Neimyshev is head of FX markets
• Timothy Doskovsky
Rapid Addition, a software solution provider to the electronic financial markets, has launched a free-to-use portal for the electronic dealing community.
ElectronicDealing.com is a secure portal that ensures consistency of FIXatdl files, saving the industry money, and simplifies the publication, distribution, and downloading of tools and artifacts for the electronic dealing community.
FIXatdl (financial information exhange algorithmic trading definition language) allows firms receiving orders to specify exactly how their electronic orders should be expressed.
Orders built using FIXatdl can then be transmitted from traders’ systems via FIX Protocol, which is a series of messaging specifications for the electronic communication of
Toby Nangle, Director, Multi-Asset and Fixed Income Team at Baring Asset Management, unravels the funding implications of the UK’s latest Budget.
The UK government funding requirement for 2009/10 was forecast in today’s Budget to be GBP167 billion, a substantial rise from GBP25 billion in 2009/10.
Historically, the Treasury has been reluctant to make use of Inflation-Linked (IL) Gilts, preferring to issue the great majority of its debt in fixed-rate instruments. Should this change?
The argument for moving the greater part of the present funding to Inflation-Linked appears compelling. Since the introduction of FRS17 linked pension fund liabilities directly to
Milan Khatri, chief economist at Aberdeen Property Investors outlines the implications of the UK’s latest Budget announcement.
The property industry will be relieved that the announced increase in the stamp duty land tax (SDLT) rate will only apply to residential property. The change will help to finance a temporary rise in the nil rate threshold for first-time buyer purchases of residential property to the value of GBP 250,000 for two years.
The SDLT rate will rise from 4% to 5% for residential transactions over the value of GBP 1 million from 6 April 2011 while for commercial property the
Jérôme de Lavenère Lussan, CEO of hedge fund consultancy Laven Partners, comments on the UK Financial Services Authority’s first operation carried out with the Serious Organised Crime Agency (SOCA), resulting in the arrests this week of six men on suspicion of being involved in an insider dealing ring.
These arrests send a strong signal to the City; the FSA’s actions show that they are fully committed to seeking criminal convictions for insider dealing. Historically this has not been easy, largely as a result of the evidence needed to secure a conviction.
The FSA has significantly expanded its task force, and
C12 Capital Management, an independent firm with nearly USD13bn invested in fixed income and credit strategies, has appointed Richard Geller and Kara Margolis to focus on global investor relations.
Geller joins C12 as head of investor relations and has more than 16 years of financial industry experience.
Prior to joining C12 he was a partner and global head of marketing and investor relations at Sandell Asset Management where he oversaw the firm’s asset raising efforts from 2003 to 2010. Geller was previously with MD Sass and Bear Stearns.
Margolis joins C12 as director, investor relations and has approximately ten years
Steel Partners Japan Strategic Fund is urging shareholders of Sapporo to support the election of its ten-person slate to Sapporo’s board of directors at the company’s annual general meeting scheduled for 30 March 2010.
Steel Partners has also called for shareholders to reject six of the company’s incumbent management nominees, including president and chief executive Takao Murakami, whose mismanagement of the company has resulted in Sapporo’s loss of market share and profitability.
Steel Partners is seeking the support of Sapporo’s shareholders for Steel Partners’ six director-nominees and four incumbent directors whom Steel Partners supports for re-election to the board at
MF Global, a broker offering customised solutions in global cash and derivatives markets, has appointed Jon S. Corzine as chairman and chief executive officer, effective immediately.
Alison J. Carnwath will be retiring from the board at its next shareholders’ meeting in August 2010, having fulfilled her three-year commitment to the company.
Bernard W. Dan has resigned from MF Global as chief executive and as a director for personal reasons. He will remain with the company through 16 May 2010 in an interim capacity to facilitate the smooth transition of duties to Corzine.
“MF Global is a firm with tremendous potential
