Alliance & Leicester expands in derivatives

The bank has made two hires in Leeds and Leicester to develop its treasury risk offering. Previously the bank offered FX and interest rate spot and forwards on a reactive basis to client demand, but last year the board decided to develop and market a full range of treasury products.

Grant Murray joined earlier this month as a senior manager in treasury risk solutions based in Leeds, from Yorkshire Bank, where he was head of the Leeds-based treasury team.

Faye Ackerley will move internally from

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Banca Italease restructures after losses

MILAN – Banca Italease is to reorganise its risk management and control processes, following the announcement of a net loss of €686 million ($937 million) from its derivatives business.

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