Month: June 2004

Kemp Brings in Stanley Colleague

Nick Crawford has left Morgan Stanley in New York and joined Merrill Lynch as co-head of FX trading, Merrill confirms. At managing director level, he reports to New York-based Stephen Kemp, who also recently joined the bank from Morgan Stanley as global head of the FX group. Crawford will be working alongside London-based fellow co-head […]

GFI Prepares to IPO

GFI Group is preparing for an initial public offering. The inter-dealer broker that specialises in OTC derivatives and related securities, has filed a registration statement on Form S-1 with the US Securities and Exchange Commission for the IPO of its common stock. GFI anticipates that shares will be sold in the offering by the company […]

Deutsche’s Redward Moves to London; JPM’s Malcolm Fills Gap?

Sources say that Peter Redward, Singapore-based senior currency strategist at Deutsche Bank, has moved to London to become head of emerging markets research. As a result, sources close to the bank say that James Malcolm will fill the vacant position in Singapore. Malcolm was previously a regional currency analyst at JP Morgan, also in Singapore. […]

SEB Continues Build-Up

Robert Newman and Jeff Thomas will be joining S-E Banken’s London operation in July, the bank confirms. Thomas joins from Dresdner Kleinwort Wasserstein in London on July 5 to cover options sales to hedge funds. He will report to Chris Millar, head of institutional sales. Newman joins the flow desk on July 14, reporting to […]

Cole Exits Calyon for RBS

Adam Cole, formerly of Calyon, has joined the Royal Bank of Canada as a senior currency strategist covering G10 currencies, the bank confirms. London-based, he reports to Monica Fan, the bank’s global head of FX strategy, who is also based in London. Tania Kotsos, senior emerging markets strategist, is the third member of the team […]

Parsons Changes Role

Nick Parsons, Commerzbank’s chief currency strategist, will move to strategic trading management on July 1, the bank confirms. In his new role, he will assist the interest rate trading team in taking positions for the bank, a spokesperson says. In the short term, his currency strategy duties have been absorbed internally, but the spokesperson for […]

Deutsche Builds on Asian e-Growth

Electronic trading platforms autobahnfx and autobahn FI+ have witnessed trading volume growth of 7000% in Asia between 2002 and 2003, Deutsche Bank says. According to Mark Rechner, head of e-commerce Asia, ex-Japan, the growth has been driven by the increasing commoditisation of various forms of currency trades and secondary bond markets. Year-to-date, volumes have risen […]

ISMA Elects Three

The International Securities Market Association (ISMA) has elected three new members and re-elected two current members to its board. Giuseppe Distefano, Banca Profilo, Milan; Brian Lawson, Nomura International, London; and Martin Scheck, UBS Zurich, all join the board for the fist time. Vice chairman Jonathan Chenevix-Trench, Morgan Stanley, London, and Henrik Normann, Danske Bank, Copenhagen, […]

Twist Adds to Swift Payment Kernel

Twist has launched its new XML-based standards for commercial payments and working capital management. The standards are designed to support corporate-to-corporate straight-through processing and reduce the cost of handling commercial transactions. The standards augment the core payment kernel for corporate to bank payment initiation and status messages announced two weeks ago after collaboration between standards […]

TraderTools Hires CSFB’s Haber

TraderTools has formed a professional services strategic business unit (SBU) to assist banks, brokerages and financial institutions implementing components of its electronic trading system, STPlatform. The team will be headed by Aharon Haber, formerly vice president of front office development at Credit Suisse First Boston. Haber was responsible for equities, commodities and interest rate derivative […]