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Banking

Write-your-own swap book

Five Go To Swapland won't be the title of Carolyn Jackson's forthcoming novel, but according to her latest forecast it will be about "a bunch of guys having fun during the formative years of the swap market".

Jackson last month announced her departure as executive director of Isda ­ the International Swaps & Derivatives Association ­ to do some writing, the third time in her 39 years she came close to such a move. She now sits in her den on west-side Manhattan writing the novel, mulling over another work ­ a romance in Singapore ­ which could also be a screen-play, and attending writing school. She's dusting off her credentials as an aerobics teacher too ­ she used to teach three times a week ­ and exploring the possibilities of teaching finance part-time.

Former boss and colleague Philippe Gautier, whom she followed from Chase to BNP and Indosuez, praises her talent for explaining complex matters simply to customers, or more recently to Congress committees. She'll need that to help the layman empathize with the jolly life of a swap dealer in the mid-1980s. One or two of those characters from the early days may find themselves immortalized by the Jackson pen ­ watch out Ron Leisching, Declan Kelly, Sanjay Sathay.

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