Month: April 2004

Bickmeyer Joins Goldman NY?

Todd Bickmeyer, co-head of hedge fund sales at Merrill Lynch in New York, has left the organisation, the desk confirms. His responsibilities have been assumed by former colleague Frank Tepedino, although further details were not forthcoming. Bickmeyer joined the institutional sales desk two years ago from Morgan Stanley. He is said to have joined Goldman […]

ABN Hires in Singapore

Rayson Hazra has joined ABN Amro in Singapore as a vice president of financial institutions (FI) FX distribution. The bank says that he will be responsible for FX/FXO sales to regional financial institutions and public sectors accounts, and US-based hedge funds. He will report to Huilin Tan head of FI FX distribution, Singapore/South East Asia. […]

…While FXall Provides Evidence

Continuing its policy of releasing its volume figures when it reaches milestones every two months, FXall reports that total volume for March reached $413 billion, a 30% increase on the $317 billion it publicised in January. The platform reports that total monthly volume has grown 52% since November, with 163% growth on the $157 billion it […]

Kemp Named Global Head of FX at Merrill; deSa to Leave

Michael deSa, most recently co-head of global FX and rates at Merrill Lynch in London, is to leave the bank in June, a spokesperson confirms. Stephen Kemp, who joins in New York from Morgan Stanley, will succeed him as managing director and global head of the FX group. At Morgan Stanley, Kemp was managing director […]

Brown Succeeds Loewy in Europe

Andrew Brown is to relocate from HSBC Hong Kong to HSBC London and become managing director and head of FX for Europe and the Middle East. He takes the European responsibilities previously held by Rob Loewy, formerly managing director and head of FX, who retired in Spring (see Profit & Loss, April 2004). He was […]

Chin Joins Refco

Refco Alternative Investments hired Edward Chin as Hong Kong-based general manager and head of its Asia operations. He will oversee the distribution of alternative investment products directly and through the continued development of strategic distribution partners. Chin joins from Man Investment Products, where he was a country manager for Canada, and has also been an […]

CME Drops More Prices

The Chicago Mercantile Exchange (CME) has further amended its pricing structure to attract new customer segments and increase trading volumes, according to the exchange. The new pricing targets CME equity members, non-member eFX automated market members, and non-member firms. “We have a great success story in CME’s eFX products, with March volume up 144% and […]

Changes at Barclays

Three people have reportedly left Barclays Capital’s institutional FX sales desk in London. Mark Godfrey, Ed Church and Steve Kelleher, head of the desk, are said to have left, although the bank declines to comment. Sources say that Godfrey has since returned to Australia and joined a fund manager, while Church and Kelleher’s current whereabouts […]

Citi’s FX Revenue Flat

According to its annual report, FX revenues were virtually flat in 2003 at Citigroup, weakening from $1,790 million in 2002 to $1,782 million. All other trading related revenues, including fixed income and equities, grew last year. The bank’s FX revenues have grown more than 60% since 2000, when the bank reported $1,103 million.

PFG Hires RBC Team

Futures commission merchant Peregrine Financial Group (PFG) has made Jonathan Siegel senior vice president and head of the New York office which it opened on March 1. Along with Siegel’s hire, PFG has hired a five-strong team from Royal Bank of Canada to execute in the interbank market. The new presence is intended to expand […]