Month: May 2003

CAI’s Eedle Outlines New Role

Simon Eedle last month transferred to New York as managing director and treasurer for Credit Agricole Indosuez, taking over the bank’s fixed income business in the US. His responsibilities encompass four main areas of the business: credit; interest rates and foreign exchange; complex products; and emerging markets. Each business line has a sales force covering […]

Departures from BofA

Bank of America (BofA) has confirmed that Larry Baum, head of spot, forward and prop trading, and Alan Circle, formerly global head of institutional sales in London and more recently covering clients for the institutional sales desk in New York, have both left the organisation. According to a spokesperson for BofA, both positions have been […]

ACI Drops Regional Congresses

ACI – The Financial Markets Association is to revert to a single World Congress each year, replacing the current schedule wherein the global events are bi-annual with European and Asia Pacific Congress held in the intervening years. The decision was taken at the ACI Council meeting held in Bucharest and comes in response to feedback […]

Crammond Heads East

David Crammond moves from New York to Singapore with ABN Amro. His title, senior vice president and head of structured credit sales, remains the same, but he now assumes responsibility for the Asia-Pacific region, described by the bank as Japan, non-Japan Asia, and Australia and New Zealand. He reports to David Wong, managing director, country […]

HSBC Appoints Global Head of Currency Options

Matt Desselberger joins HSBC as global head of currency options, the bank confirms. The hire is the result of Martyn Brush taking the position of head of derivatives business management, with responsibility for all operational aspects of the derivatives business, which was in turn a result of the changes implemented at HSBC in the wake […]

DKW Grows NY Operation

Dresdner Kleinwort Wasserstein (DKW) confirms two hires and a promotion in its New York operation. Ricardo Zulliger, head of FX sales for North America, takes on additional responsibility for liquid market sales for North America. He reports to Keith Fell, who was recently made New York-based managing director and deputy head of capital markets. Fell […]

Shah and Holmes Join Deutsche

Deutsche Bank confirms hires in New York and London. Joel Holmes has joined the bank as a director and senior trader covering yen in New York. He reports to Russell Lascala, who recently joined the bank as head of spot FX from Citigroup where he was chief FX dealer in New York (see Squawkbox, 05/05/03). […]

AIG’s Smith Joins Hefferman’s New Fund

Quentin Smith is said to have left AIG Trading, London, to join the new macro-fund being set up by Mark Hefferman. No further details were available by press time because the nature of the fund has yet to be finalised. AIG declined to comment on the move. Smith joined AIG in early 2002 from Merril […]

EBS, Bloomberg Deal Inked

EBS and Bloomberg today officially confirmed that certain EBS products are to be fully integrated into the Bloomberg Professional service with effect from late Q3 2003. Under the agreement, Bloomberg users will have access to EBS Trader, the group’s conversational dealing platform that was launched in early 2002 (see Profit & Loss, March 2002), as […]

$20bn Daily Volume at FX Connect

FX Connect, the FX element of State Street Corporation’s Global Link network, has broken the $20 billion mark in daily trading volume. According to a source close to the bank, the figure represents something of a high watermark, but is evidence of an ongoing growth in daily volume. “Naturally we are delighted to surpass this […]