Month: February 2004

Merrill Brings Asian Offering Together

Merrill Lynch has formed a Pacific Rim debt & equity strategic solutions group (SSG), which brings together its foreign exchange, local currencies, equity-linked, rates, credit and hybrid product expertise. According to the bank its intention is to provide asset and liability products to a spectrum of investors including retail clients, third party distribution outlets, public […]

Reuters Picks Up

Reuters continues the process of polishing its somewhat tarnished image by announcing a pre-tax profit for 2003 of 49 million, compared to a loss of 493 million in 2002. However, operating profit of 174 million declined by 11% compared to 2002, largely due to restructuring charges, Reuters says. The company announced 18,000 additional positions of […]

Oldcorn Joins BofA

Mark Oldcorn has been appointed managing director within Bank of America’s Financial Institutions Group, Corporate & Investment Banking (FIG CIB), for Europe. Based in London, he will report to Alberto Piedra, head of FIG CIB for Europe. Oldcorn joins BofA from Goldman Sachs, where he was an executive director in the financing group, leading the […]

NAB Releases Two More

National Australia Bank in London has let two further people go from its FX risk management team in London, the bank confirms. The move comes two weeks after the bank confirmed that David Walton, who headed the team in London, left the bank. A NAB spokesperson says the moves are part of a restructuring of […]

ODL Hires Burns

ODL Securities continues its push into FX with the hire of Marc Burns as an FX trader covering the Asian shift from London. He reports to Alex Mackinnon, who heads the FX initiative. Burns has spent the last 18 months travelling, prior to which he worked at Fimat’s London operation. He will join the organisation […]

Weller Moves to Barclays Asia

Steve Weller, global head of spot and forwards trading at Lehman Brothers in London, is believed to be joining Barclays Capital in Singapore in a senior FX role, sources say. Barclays could not confirm the move by press time, but a spokesperson for Lehman confirms that Weller has left the organisation.

Fokianos Joins RBS

Stamos Fokianos, formerly a vice president of e-commerce foreign exchange at Citigroup in London, is to join the Royal Bank of Scotland in London on March 4. He will be heading new product development in the financial markets team, with responsibilities including client integration, and RBS Fix. He will report to Martin Spurr, London-based global head […]

RAI and Abbey Deliver New Fund

Refco Alternative Investments (RAI) and Abbey Capital, the Dublin-based alternative investment portfolio manager, have launched the first joint fund of its partnership. The pair began working together in November, promising a series of multi-manager managed futures funds specifically designed for institutional investors. The product is described as a diversified multi-manager futures fund which has been […]

Strothman Joins HSBC NY

Susan Strothman has joined HSBC in New York as a senior vice president in corporate FX, a spokesperson for the bank confirms. She reports to New York-based Chris Peters, managing director in charge of corporate and middle market sales, and was previously with the Royal Bank of Canada, also in New York, where she held […]

Shooter Takes European Role

Following his recent promotion to managing director and co-head of hedge funds in Europe (Squawkbox, February 9), Benjamin Shooter has been named head of European FX for institutional investors (excluding Switzerland) at Credit Suisse First Boston (CSFB). Shooter reports to London-based Rusty Elvidge, co-head of global treasury products. He joined CSFB as a senior sales […]