Anyone for tennis?
Peter Hancock has made quite a name for himself as a talented banker, skillful innovator and determined risk-taker. So when he addressed Isda's AGM in Washington last month, he was guaranteed a good turnout. But, as the audience quickly realized, Hancock has a talent for saying a lot while giving little away.
Hancock spent most of his career at JP Morgan, where he was head of fixed income in the latter part of the 1990s. He cut his teeth in derivatives and headed the division from 1990 to 1995 - this was a formative time in the credit derivatives market and JP Morgan is widely thought to have been one of the founding fathers of credit default swaps.
And it is that area he is returning to now. Or at least he's trying to. He resigned from JP Morgan last after an unfulfilling spell as the bank's chief financial officer, and just days before the merger with Chase was announced.