Securities Finance

Goldman's Paulson Rejects Insider Trading Allegation

Brennan Succeeds Bolsover at Baring Asset Management Baring Asset Management, a unit of ING Group, has appointed David Brennan chairman and chief executive, effective July 1.Brennan has been with the company for 14 years and has been chief executive of

Tokyo Stock Exchange to Publish Short Selling Data

The Tokyo Stock Exchange (TSE) has decided to publish data on short selling of stocks listed on the exchange. Monthly trading value figures for short selling will be calculated by summing the total of the daily trading value figures, excluding

PIMCO Defies the Odds to Grow Fast in Japan

PIMCO, the California based fixed income fund manager owned by Alliianz of Germany, has appointed former Daiwa and Goldman luminary Makoto Takano President of PIMCO Japan. The appointment reflects how fast PIMCO is now growing in Japan, where its assets

JGB Withholding Tax Saga Continues

The withholding tax saga which damaged international confidence in the Japanese Government Bond (JGB) market last year has taken another twist. Though the change in Japanese tax law which takes effect today was agreed towards the end of 2001, it

BondVision Says Volumes Are Rising Rapidly

BondVision, the on line dealer to client market, says its trading volumes are soaring. Activity hit a record level of €1.3 billion on Friday 22 March, and volumes for the whole month are already a fifth ahead of February. The

Deutsche Bank: Smollen Out, Zimmerhansl In

Tim Smollen has quit Deutsche Bank, heading a team defection of securities lending experts to Dresdner Kleinwort Wasserstein (DrKW). Smollen will head a new DrKW agency securities lending business from London, while two colleagues from Deutsche Bank David Martocci and

JP Morgan Launches CDO Data and Analysis Tools

JP Morgan has built a sizeable corporate trust business servicing issuers. Now it is looking to turn what it has learnt as trustee and transaction manager to Collateralised Debt Obligations (CDO) and CDO related structures such as CBOs, CLOs, and

Japanese FSA Censures More Over Short Selling

The Japanese authorities continue to wage war on short selling. Today the Financial Services Agency (FSA) announced that Merrill Lynch Japan Securities Co., Ltd., KBC Financial Products UK Limited, Okasan Securities Co., Ltd. and Credit Suisse First Boston Securities (Japan)