Day: 19 May 2003

$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 […]

New Head of Spot at Citi NY

Bob DeGroot is promoted to the head of spot trading at Citigroup’s New York operation, the bank confirms. Formerly chief dealer in Tokyo, he reports to James Kemp, the bank’s global head of spot trading and regional head for North America. The move follows Russell Lascala’s recent departure to Deutsche Bank, where he has become […]

Levinson Returns to Barclays

Barclays Capital appoints Stephanie Levinson as director in foreign exchange sales, a role which makes her responsible for covering institutional clients. She reports to Eric Price, head of foreign exchange distribution, both are based in New York. She last worked for Barclays in 1993 as a manager in FX sales. Levinson joins from Toronto Dominion […]

Bank One Completes Options Hires

Bank One completes its current run of options hires, bringing in David Pennell and Stuart Piller to its London operation to trade the euro and the yen global options books respectively. Both men join as directors and senior FX options traders and report jointly to Stewart Morton, managing director and head of FX and interest […]

Drury Capital Grows

Peter Chakany joins Drury Capital as a trader, assisting senior trader Rafael Juan. Based in Princeton, New Jersey, he will be trading FX and commodities as well as assisting with the day to day operations of the fund. He joins from Stonebrook Structured Products, where he traded FX, commodities and options, and has also worked […]

FX Concepts Boosts Research

Tao Huang joins FX Concepts, a New York-based currency manager, as vice president of research. She joins from Citigroup FX where she was vice president and quantitative strategist, responsible for developing currency overlay trading models. She specialises in non-linear optimisation techniques, particularly as they relate to FX derivatives. “As part of our drive to become […]

Kwong Joins Lehmans

Muse Kwong has joined Lehman Brothers in Hong Kong as a vice president in interest rate derivatives, the bank has confirmed. He joins from Merrill Lynch, Hong Kong. Further details were unavailable by press time.