Month: March 2004

NAB Fallout Continues

The Australian Prudential Regulation Authority (APRA) has completed its investigation into Aud 360 million trading losses at National Australia Bank, and last week presented its findings to NAB’s board. Although harsher in its criticism of the bank, the findings in the report are similar to the PricewaterhouseCoopers (PwC) report which came out several weeks ago. […]

…Meanwhile, NAB Confirms Adams Appointment

As reported in last week’s Squawkbox, a spokesperson for National Australia Bank confirms that Mark Adams has become head of global FX on an interim basis. Prior to his elevation, he was a director in the financial institutions group in Sydney. The appointment follows the departure of Peter Cunningham, who resigned his post as co-global […]

P&L Announces Digital FX Awards at Charity Dinner

UBS scooped four awards, including Best Overall Site, at Profit & Loss magazine’s Digital FX “Eye on the Client” Awards, which were announced at an Awards & Charity Dinner on Thursday, March 25 at the Lloyds Building in London. Other winners on the night included the Bank of New York, Barclays Capital, Citigroup, Deutsche Bank, […]

DKW Shuffles the Deck

Sources say Dresdner Kleinwort Wasserstein (DKW) has recently made a number of changes to the FX group. Roger Allen is believed to have joined the bank two weeks ago in London as head of the global hedge fund sales team, reporting to Christian Exshaw, London-based European head of FX sales. He was previously with AIG. […]

Walsh Joins ABN’s Sales Team

Michael Walsh is to join ABN Amro’s FX hedge fund sales team on April 13, a spokesperson confirms. He reports primarily to Mark Sweeting, head of UK institutional FX sales and Alistair Mullen, global head of hedge fund sales for financial markets, London. Walsh joins from BNP Paribas where he held a similar role, before […]

BNP Promotes Gross

New York-based Drew Gross has been promoted to head of FX sales and marketing in North America at BNP Paribas. He previously ran the corporate sales teams in North America, a role he took up a year ago when he joined the bank from JP Morgan, where he headed FX e-commerce. In his new role, […]

JP Morgan Hires Three

JP Morgan has filled three FX roles in London, a spokesperson confirms. Deborah Thompson joins the FXPrime team from Morgan Stanley. Lisa Danino-King and Ralitza Fortunova join the e-commerce group, from FXall and GNI Group, respectively. Thompson and Danino-King report to Jamie Bonic, managing director and head of FX sales, Europe, while Fortunova reports to […]

Weller Confirmed at Barclays

As suggested in Squawkbox, February 23, Steve Weller is confirmed as having joined Barclays Capital in Singapore as a director and head of FX, Asia, according to a spokesperson. A newly created role, he reports to Ivan Ritossa, London-based managing director and global head of foreign exchange, Weller’s hire supports the bank’s overall push in […]

Lehman Staffs Up in London

Lehman Brothers has hired Jill Stephens as a business manager for FX, reporting to Grant Whiteside, global head of foreign exchange in London, a spokesperson confirms. She was formerly business manager for European FX at Bank One, where she spent 20 years in a variety of roles both in Chicago and London. Meanwhile, Jason Tilroe […]

Deutsche Increases Saxo’s Depth

Deutsche Bank has widened its relationship with Saxo Bank, enabling the latter’s clients to trade futures over the SaxoTrader platform using Deutsche’s exchange memberships. Deutsche is currently a liquidity provider for Saxo, but this latest announcement extends the relationship to the futures markets. One advantage of the deal, according to Saxo, is that the partnership […]