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GlobalCapital's inaugural MTN Awards 2026 are underway — the market’s only awards dedicated to the market. But time is running out to make your case
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The Americas derivatives community came together in New York to recognise and celebrate outstanding achievements across the industry
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  • Mark Yallop, Group COO of ICAP, has worked in the swaps and derivatives industry for nearly 30 years. He is referred to by his peers as an expert in business management with an ability to identify growth opportunities. His role in elevating ICAP into one of the leading interdealer brokers focused on electronic trading and post trade services and, prior to that, successfully setting up Deutsche Bank’s global trading and sales business, make Yallop a standout individual in the industry and a worthy recipient of the Outstanding Contribution Award. It is from his time at Deutsche Bank, particularly between 1995 and 2000, that Yallop identifies his greatest achievement, as he was part of the team that built Deutsche’s trading and sales capabilities. “The thing that I feel proudest about is taking something that was a concept, and which most observers thought was a pipedream—namely building a leading trading and sales franchise from scratch—and helping to make it a reality: a firm that didn’t even register on the global investment banking map in the early nineties to being a top three firm by market share, revenues and reputation just five years later,” he said.
  • CQS CQS, the USD11 billion hedge fund manager founded in 1999 by Goldman Sachs’ former head of equity trading Michael Hintze, has been impressing dealers with its expertise in convertible bonds and asset backed securities as well as the consistency in its positive performance. Officials in the credit derivatives market have also heaped praise on CQS’ credit long/short fund, launched in 2009, noting that the fund had been at the forefront of the market in credit default swaps and bonds since inception.
  • Allen & Overy Allen & Overy continued to burnish its reputation as a leading regulatory and industry derivatives advisor over the last year, particularly with its work with the International Swaps and Derivatives Association’s working groups and determinations committees as the industry gears towards standardizing contracts. Investors cited the firm’s ability to provide advice for both vanilla and exotic derivative structures globally. Examples cited included its work in advising on new structured UCITS compliant funds and fund umbrellas, as well as advising a host of central counterparties on their applications as derivative clearing organizations. Partners cited include David Benton and Ed Murray in London, and David Lucking and Deborah North in New York.
  • BGC Partners BGC Partners has been expanding its electronic trading business in 2011. In May it executed its first fully electronic euro sterling interest rate option on its Volume Match tool on BGC Trader, three months after it executed its first fully electronic Australian dollar interest rate swap and electronic sterling interest rate swap on BGC Trader. Analysts point to the growth of the firm’s electronic interest rate derivatives trading business, which in the first quarter of 2011 drove a 24.9% year-on-year increase in fully electronic trading revenues, as evidence to the expansion the firm has made in staff and technology over the last year. Those personnel seen as driving the expansion include Howard Lutnick, chairman and ceo, Shaun D. Lynn, president, and Philip Norton, global head of e-commerce.
  • Bank of America Merrill Lynch The firm has landed investor plaudits for its emerging market structured product coverage and inventiveness in cross-asset solutions. They cited the firm’s presence and marketing of cross-asset products in Asia, such as the launch of its USD8 billion retail structured note program in Singapore. Over the last year the firm has been expanding teams in Europe, the U.S. and Asia, with notable hires including Anupam Gupta as head of Central and Eastern Europe, Middle East and Africa structuring, and Paul Hansen as head of Canadian structured solutions. Senior officials include Yonathan Epelbaum, head of U.S. structuring, and Alexis Besse, head of rates and currencies structuring.