Month: January 2002

Summit Gets New Users, Adds Technology

Banca Akros, the investment banking arm of Banca Popolare di Milano, has licensed Summit System’s Transact ASP service for its derivatives trading, market making and risk management activities in Milan. Transact ASP is the Internet-enabled version of Summit’s integrated platform solutions for trading, risk management and back office activities. The company says Transact ASP provides […]

CitiFX Hires Jayanti

CitiFX has appointed Anu Jayanti as their new global sales manager for leveraged institutional clients. New York-based Jayanti joins from UBS Warburg and will report to Lars Olesen, global head of FX sales. Jayanti has more than 15 years of sales and sales management experience covering institutional clients in the FX and FX derivatives markets. […]

ABN Amro Tokyo Hires Deputy Head of Trading

ABN Amro has announced the appointment of Stephen Laughton to the newly created position of deputy head of trading, Tokyo, within the Global Financial Markets (GFM) business. He joins from Credit Suisse First Boston where he was responsible for yen derivatives, and will report to Jeroen Krens, head of Tokyo GFM trading. Malcolm Wager, global […]

Breslow Sears Exit BofA

Two senior members of Bank of America’s Global FX (GFX) team have left the organisation, the bank confirms. Richard Breslow, who was head of GFX trading in New York, has left the bank (his next destination could not be determined by press time), while Rick Sears, who was GFX risk manager at BofA in San […]

Weiser Elected Chairman of MFA

Samuel Weiser has been elected chairman of the Managed Funds Association (MFA), based in Chicago, he is managing director of Ranger Capital Group (Dallas, Texas). The MFA is the association for investment professionals in the alternative investment industry, including hedge funds, fund of funds, futures funds, and major end-users of derivatives markets and the major […]

Paulus Joins CitiFX

Michael Paulus has joined CitiFX in London as sales manager for UK investors, reporting to Bernard Sinniah, head of FX sales, Europe. Paulus joins from the US Treasury Department, where he was the deputy assistant secretary. During his time at the Treasury, Paulus was responsible for the Federal Debt management policy, including decisions on bill, […]

Bruce Collins: Applying Team Tactics

To paraphrase Oscar Wilde, “Rumours of the death of voice broking are much exaggerated.” This could be the motto on Bruce Collins’ office wall. For so long, analysts have been predicting the demise of voice broking, but the business remains, according to Collins, “a vital element of the market”. Collins is chief executive of Tullett […]

Rabobank Takes Fundtech CLS Solution

  Meanwhile, Fundtech announced that Rabobank Nederland has signed a contract for its browser-based, integrated, Payplus for CLS solution. Payplus allows settlement members to process their own transactions, as well as offer their FX settlement services to user members and third parties. Fundtech says Payplus supports STP by interfacing to internal bank systems. Paul Jans, […]

Clearstream Collateral Services to Support CLS

Clearstream Banking will provide Collateral Services products to support Continuous Linked Settlement (CLS) for CLS participants that have to post collateral with member banks or central banks when the service launches in Q2. Regarding the launch of CLS, Dr Gerd Hartung, head of collateral products at Clearstream, says, “The ‘window’ scheduled for payments and our […]

RBS & BBVA Take CLS Solutions

Wall Street Systems (WSS) is working with the Royal Bank of Scotland (RBS), Banco Bilbao Vizcaya Argentaria (BBV) and several other Continuous Linked Settlement (CLS) banks to implement support functionality for CLS. At RBS and BBVA, the CLS solution will be used to manage the FX trade process, from deal capture to settlement with CLS […]