Month: February 2004

BofA’s Mandell Takes Helm of Global FX

Bank of America will announce today that Christiane Mandell has been appointed head of global foreign exchange, spokesperson Jeff Hershberger confirmed late on Friday. Effective immediately, she fills a role that has been empty since Beau Cummins became head of asset securities, investment grade/liquid products, debt capital markets last summer. The bank says she will […]

JPM Launches Prime Brokerage Tool

JP Morgan (JPM) joined the list of banks moving their prime brokerage operations online with the launch last week of FXPrime, a solution that, the bank says, provides a new level of stability and streamlined capabilities in FX prime brokerage. JPM has been offering prime brokerage services for around six years, according to David Puth, […]

ANZ Continues Building

ANZ Investment Bank has continued its push into Asia with three hires in its foreign exchange and commodities (FXC) division. Among the new hires are Johnny Ho, who joins as a senior FX dealer in Singapore, reporting to Mohammed Yousoof, head of risk, FXC. Ho joins from Ericsson’s treasury division in Singapore. He has previously […]

Trinkaus Offers FX

Germany-based HSBC Trinkaus & Burkhardt has launched an online FX portal using Reuters Electronic Trading – Automated Dealing hosted service. The installation enables Trinkaus to provide clients with an FX service which is outsourced in real time to HSBC Group globally. “This is an important step in our plans to provide clients with the ability […]

ING Promotes Thynne

ING Bank has appointed Grenville Thynne as managing director and head of investment banking, Australia. He reports jointly to Bruce Foy, country head for Australia, and Malcolm Brown, head of investment banking, Asia. Thynne was previously responsible for the financial institutions group at ING’s investment bank in Asia. Prior to joining ING, Thynne was head […]

Walton Leaves NAB

David Walton, formerly head of the risk management service for Great Britain and Ireland at National Australia Bank, left at the beginning of December, the bank confirms. He was in charge of the relationship between the risk management and markets teams for NAB’s subsidiary banks, Clydesdale Bank, Yorkshire Bank, Northern Bank and National Irish Bank. […]

SG Builds Credit Sales

Michel Granchi has become director of credit sales at SG Corporate & Investment Banking (SG CIB). He will focus on the development of the bank’s hedge fund business, reporting to Karen Gabay, head of credit sales, and work alongside Edgar Leibovici, who joined SG CIB in September as a CDS and derivatives sales person. Granchi […]

Shooter Made MD

Ben Shooter recently became a managing director and co-head of leveraged money sales within FX and treasury products at Credit Suisse First Boston in London, the bank confirms. The bank declines to provide further details.

Two More to Barclays NY

Barclays Capital has appointed Noel O’Reilly and Robert Maryott as directors in FX sales in New York, focusing on corporates. They report to Rose Noritake, head of US corporate FX distribution, who joined the bank last spring from BNP Paribas. Maryott has spent the last nine years with JP Morgan, most recently as a vice […]

Falling into Place: The 2004 Profit & Loss Guide to Bank e-FX Services

While some viewed the rise of the Internet-era as the harbinger of fundamental change for FX, wiser heads recognised that change could not come overnight and the business could never sustain an all encompassing, one size fits all approach. In the fifth annual Profit & Loss Guide to Bank e-FX Services, Magnus Allan investigates how […]