Shelton Retires from State Street
Mon 12th May 2008 06:00:00
Stanley Shelton, executive vice president of State Street Global Markets, has retired.
April 2008
The 2008 Digital FX Awards:
Eye on The Client
Also in this issue:
Profile: SSGA's Alistair Lowe
Measuring the Currency Managers
The Death of the Carry Trade
The Dollar: Crisis or no Crisis?
ABN E-Commerce Chief Leaves
Mon 12th May 2008 06:00:00
As the Royal Bank of Scotland/ABN Amro integration grinds on, the combined organisation has lost the services of one of ABN’s senior e-commerce people
China CFETS Reboots Onshore FX Swaps
Mon 12th May 2008 06:00:00
The China Foreign Exchange Trade System (CFETS) has rebooted the onshore currency swaps and forwards market 11 weeks after two Icap- and Tullett Prebon-linked money brokers stopped providing quotes in this area
SEC Wins Case against Forex Fraudster…
Mon 12th May 2008 06:00:00
The US Securities and Exchange Commission has obtained an emergency court order freezing the assets of the alleged perpetrator of a “Ponzi” forex fraud scheme that it says reaped approximately $72 million from more than 3,000 investors
…As More Scammers are Charged
Mon 12th May 2008 06:00:00
In a busy (and successful) week for the US authorities, the Securities Exchange Commission won another case last week and another scammer was sentenced to 88 months in prison for a currency fraud scheme
BofA’s Promotes for Global FX Sales Head
Mon 12th May 2008 06:00:00
Bank of America has made a step towards refocusing on foreign exchange after months of departures and redundancies
JP Morgan Ramps up Asia Commodities Team with 12 Hires
Mon 12th May 2008 06:00:00
JP Morgan is aggressively developing its Asian commodities team with the appointment of 12 executives in recent weeks
Saxo Acquires Tricom…
Mon 12th May 2008 06:00:00
Saxo Bank has entered a memorandum of understanding with Tricom Holdings, Babcock & Brown and ANZ Group with a view to acquiring a 35% holding in the Sydney-based broking house
…And Hires Head of German Region
Mon 12th May 2008 06:00:00
In other developments, Saxo Bank has hired Robert Spliid to oversee all of its business and trading activities in Germany
SLI Opens Absolute Return Fund to Retail Investors
Mon 12th May 2008 06:00:00
UK-headquartered investment management firm Standard Life Investments has launched its Global Absolute Return Strategies (GARS) fund to retail investors
Strong April for Icap…
Mon 12th May 2008 06:00:00
Icap’s electronic broking division continues to put in some impressive numbers
…As it Signs Japan Market Data Deal
Mon 12th May 2008 06:00:00
Icap and Japanese financial information vendor Quick, have signed a long-term “Enterprise Agreement” to provide extensive Icap data products and services to Quick's customers
Deutsche Bank Appoints Head of Global Markets, Korea
Mon 12th May 2008 06:00:00
Deutsche Bank has promoted Jeffrey Chung to head of global markets, Korea
Asian Finance Ministers to establish $80 billion FX Swap Scheme
Mon 12th May 2008 06:00:00
A multilateral currency swap arrangement worth $80 billion will be established by the 10-member Association of Southeast Asian Nations plus Japan, China and South Korea
Kalahari Hires for EMEA
Mon 12th May 2008 06:00:00
Kalahari has appointed Andrew Crawford as business support manager for the EMEA region
One Space Left for ACI UK Charity Golf Day
Mon 12th May 2008 06:00:00
ACI UK is to stage its popular Annual Charity Golf Day at Leatherhead Golf Club on 20 May. At the time of writing there is room for just one more team of four to take part in the day, which means that 24 teams are already signed up. Details of how to attend can be found on the ACI UK website, www.aci-uk.com, or by contacting aciukmembers@aol.com. The cost of the day is GBP 1300 per team and this includes breakfast and lunch. The day is also open to non-members of ACI. ACI UK has collected a string of raffle prizes to award on the day and will be auctioning a framed Caddy Bib signed by the World Matchplay players, which includes signatures from Tiger Woods, Colin Montgomery and VJ Singh. In addition to bids on the day, ACI UK is taking bids from non-attendees. Again, anyone interested in bidding should send their bid in sterling to aciukmembers@aol.com. Proceeds on the day go towards ACI UK's ongoing support of the Variety Club of Great Britain's Sunshine Coach programme. The Sunshine Coaches are minibuses for disadvantaged children. Coaches have been given to schools with special needs pupils; to children's hospitals and hospices; and to organisations striving to improve the quality of life for young people. Over the last 18 years ACI UK has provided the funding for 36 Sunshine Coaches.
…And Finally
Mon 12th May 2008 06:00:00
Deutsche Bank released its latest Alternative Investment Survey last week and while the currency markets make up a minor part of the survey there were some interesting findings for currency managers
