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Benchmarking

Real Estate Awards 2008

The chart toppers

September 30, 2008

BANKING

GE Real Estate names head of new international business unit

GE Real Estate has appointed Mark Hutchinson to be president of the newly created GE Real Estate International, covering operations in Europe and Asia.

Rachel Wolcott, September 30, 2008

BANKING

Cash management poll 2008: Among non-financial institutions: How do customers rate their lead Global ICM’s services?

September 30, 2008

Property fund of hedge funds unveiled

TriAlpha has brought out a property fund of hedge funds called the TriAlpha Global Property Strategy fund. It seeks to invest in hedge fund managers specializing in the global property sector. Its portfolio includes funds from Credit Suisse, Thames River and New Star.

Rachel Wolcott, September 30, 2008

Japanese property slows

Conditions are turning tough in Japanese listed real estate. The Topix Real Estate index dropped 23% from mid-May (its peak so far this year) to the end of August, and the TSE Reit index is down 32.2% year to date.

Rachel Wolcott, September 30, 2008

BANKING

Knobloch leaves Eurohypo

Bernd Knobloch has left Eurohypo, where he had been chief executive and chairman of the board of managing directors. Frank Pörschke who joined the German real estate lender in September 2007 has been tapped to succeed Knobloch.

Rachel Wolcott, September 30, 2008

BANKING

CBRE aims to make experience count

The growth of CBRE’s outsourcing business is helping to propel the company through one of the toughest trading environments in its history. Chief executive Brett White explains how the global real estate services firm will emerge from this downturn on the up and up. Rachel Wolcott reports.

September 30, 2008

BANKING

So long to UK sub-prime

The UK non-conforming mortgage market – colloquially known as sub-prime – was the only fully fledged non-prime mortgage market in Europe. It was one of the first sectors to suffer contagion from the US sub-prime crisis. Indeed, spreads on non-conforming RMBS began to widen in March 2007 – well before the generally acknowledged beginning of the credit crisis in August of that year. What has now become of that market? Can it ever be revived?

Laurence Neville, September 30, 2008

Société Générale To Boost Listed Options Sales

Société Générale plans to hire a new listed options salesperson on the heels of hiring Kelly Broadhurst from UBS in equity derivatives sales last week. She was at the firm for 13 years. There are currently seven sales people dedicated to hedge funds and two to insurance. Broadhurst will be dedicated to traditional asset managers with the new salesperson assigned to the hedge funds desk.

September 29, 2008

Foreign Exchange

People moves: End of an era for HSBC

Obviously, HSBC’s FX area was not exempt from the swingeing staff cuts announced by the bank yesterday. Rumours suggest that the bank postponed the move by a week, as some of the staff to be laid off were required to sort out the exposure it had to Lehman positions. I’m told reliably that, at least in FX, there was no real drama over the announcement and that some of the bank’s longer-serving members took the opportunity to bow out of the market gracefully.

September 26, 2008

Foreign Exchange

Saxo becomes a bank in France, but cuts elsewhere

Saxo has gained approval from the Banque de France to become a fully licensed French bank.

September 26, 2008

Foreign Exchange

weeklyFiX FM

In these turbulent times, we spend a considerable amount of effort at the weeklyFiX thinking of ways to entertain and bring value to our readers. My latest suggestion is that we launch a radio station with a market theme. Here’s the weeklyFiX’s first top 20. Suggestions welcomed.

September 26, 2008

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