Month: January 2004

Popham-Holloway Exits Citi

Edward Popham-Holloway resigned from Citigroup on Thursday to join National Australia Bank (NAB). He joins NAB as a senior dealer on the spot FX desk, reporting to Peter Rextrew, also a senior dealer, both based in London. He spent eight years with Citi, which declines to comment on a replacement.

Eurex Raids Merc for US CEO

Satish Nandapurkar has left the Chicago Mercantile Exchange to become CEO of US Futures Exchange, a subsidiary of rival Eurex. Nandapurkar joined the Merc as head of e-business in 2000, prior to which he was managing director and global head of foreign exchange options at Bank of America. He has held senior management roles at […]

Iyengar Joins DKW

Narasim Iyengar has joined Dresdner Kleinwort Wasserstein as vice president in corporate sterling trading, reporting to James Deighton, head of corporate market making. He joins from Morgan Stanley where he was a euro/sterling trader with responsibility for trading two to 10 year investment grade products across all sectors. He has been with Morgan Stanley since […]

FIX FX Cements Leadership

Jack Lemonik, chief technology officer of FXall, and Steve Donovan, chief investment technology officer of Massachusetts Financial Services, have become co-chairs of the FIX Foreign Exchange Working Group. Nearly 50 people, representing almost 40 firms participated in the meeting. The pair take over from Scott Atwell, manager of FIX trading and connectivity at American Century […]

Deutsche Adds Options to Autobahn FX

Although clients have long been able to price options electronically, the ability to execute online has been available via a few early adopters such as UBS and Goldman Sachs. However, as noted at the Profit & Loss “Future of Forex” conference in New York last October, a number of banks are now moving to meet […]

The Race for Settlement Standards

The quest for straight through processing (STP) has touched most financial organisations at some point in the last five years, working out the most efficient route to get a trade from the front to the back office internally, and then across to the counterparty’s back office for confirmation with minimal or, better yet, no manual […]

Mass Transit: Is the Jobs Market Set to Pick up in 2004?

The downturn in the equity markets led to renewed interest in FX, both as an asset class and as a hedging instrument, on the part of beleaguered fund managers. The increased interest has helped the banks recover from tough market conditions in 2002 in the form of increased revenues, and the market in the form […]

RAI and Abbey to Offer Joint Funds

Refco Alternative Investments (RAI), the alternative asset management division of Refco Group, has formed a strategic alliance with Abbey Capital, an alternative investment portfolio manager specialising in managed futures and FX managers, based in Dublin. RAI and Abbey Capital will jointly develop a series of multi-manager managed futures funds specifically designed for institutional investors. Abbey […]

Investec AM in Outsourcing Talks

Investec Asset Management has entered what is described as exclusive discussions with State Street to outsource its institutional administration. The intention is to enable Investec to concentrate on managing client assets. By leveraging off the institutional technology platform of State Street, Investec says it will save on future systems costs and will have a more […]

Morley Links to JP Morgan

Morley Fund Management is to establish an investment administration agreement with JP Morgan Investor Services. The service will combine Morley’s fund management administration operating platform with JP Morgan’s generic investment administration infrastructure. The service will be implemented in stages over the next year, and will see 200 Morley employees moving to the new business. “Morley’s […]